Cleared Residential Development
For Sale
$649,900
7485 Sheridan Road, Melbourne, FL 32904
Melbourne, FL
Property SizeContact for details
Lot Size1.94 Acres
Days on Market81
Property Features for 7485 Sheridan Road
General Information
Property type
Land
Property subtype
Other
Subdivision
Melbourne Village Gardens Plat of Unit No 1
Elementary school
Roy Allen
Middle school
Central
High school
Melbourne
Standard status
Active
Lot size
1.94 Acres
Listing Agency:
Engel & Volkers Melbourne Beachside · Engel & Völkers
(321) 254-5275
Listed By:
Shalom Leigh McGoffin
Added: Jun 12
Changed: Aug 28
Last Checked: Aug 31 at 7:06PM
MLS# 1078792
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
An almost two-acre parcel of cleared residential land with utilities prepared and ready for construction. The site offers entry from two roads, supporting flexible site planning for future homes or townhome-style development. Power has received a verbal approval from the city planner to build 18 townhomes, with additional room for four homes on 0.5-acre lots.
The property is positioned for convenient access to major routes, with proximity to 192 and Wickham Road and being just minutes to Melbourne Mall and downtown shopping. It’s also near local parks and a boat launch, with the beach only a short ride away, while remaining close to I-95.
This is a strong developer opportunity for buyers seeking cleared land in a residential zone with established readiness to build. With dual-road access and utility preparation already underway, the site can appeal to builders and investors looking to move toward residential construction, whether pursuing the approved townhome concept or a lower-density home layout.
The property is positioned for convenient access to major routes, with proximity to 192 and Wickham Road and being just minutes to Melbourne Mall and downtown shopping. It’s also near local parks and a boat launch, with the beach only a short ride away, while remaining close to I-95.
This is a strong developer opportunity for buyers seeking cleared land in a residential zone with established readiness to build. With dual-road access and utility preparation already underway, the site can appeal to builders and investors looking to move toward residential construction, whether pursuing the approved townhome concept or a lower-density home layout.
Key Highlights
- Almost 2 acres of cleared land ready to build
- Residential zoning with entry available from two roads
- Utilities prepared for development
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
Explore this area
Business Placement
Demographics for 32904, FL
35,399
Population
15,117
Households
2.3
Avg Household Size
44
Median Age
40%
College-Educated
94%
High-School Grad
217.1 sq mi
ZIP Area
163
Density / Sq Mi
$86,943
Median Household Income
$42,451
Median Earnings
$1,763
Median Rent
$334,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Land - Nearly two acres of cleared, residential-zoned land with utilities prepared and access from two roads.
Where is this land located?
The property is located at 7485 Sheridan Road Melbourne, FL.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Almost 2 acres of cleared land ready to build; Residential zoning with entry available from two roads; Utilities prepared for development
