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    1918 Aurora Rd Melbourne, FL 32935

    Sponsored
    For Sale
    $599,900

    High-traffic retail space with ample parking.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1-story, 1957-built commercial property at 1918 Aurora Road, Melbourne, FL 32935, presents a unique investment opportunity. Boasting a substantial 20,037.6 sq ft lot, the property features a main building with three offices, a fully equipped kitchen, and a welcoming reception area. A spacious front deck enhances customer accessibility, while a covered parking area on the building's side provides convenient shelter. Currently zoned for auto sales, this versatile property offers significant potential for a variety of commercial uses. Its prime location on Aurora Road ensures high visibility and accessibility, attracting substantial foot traffic. The large parking lot accommodates numerous vehicles, ensuring ample space for customers and employees. The property's solid construction and functional layout provide a strong foundation for a thriving business. This is an excellent opportunity to acquire a well-situated commercial property in a thriving Florida market. The asking price is $599,900.

    Property Features for 1918 Aurora Rd

    General Information

    Property type
    Land

    Building Details

    Year Built
    1957
    Stories
    1
    Units
    1

    HighLights

    • $599,900 asking price.
    • Retail and land property with one unit.
    • 1957 construction, single‑story building.
    • 20,037.6 sq ft lot size.
    • Located at 1918 Aurora Road, Melbourne, FL 32935.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6526892
    Latitude
    28.1364638

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    FAQs

    What type of property is this?
    Land - High-traffic retail space with ample parking.
    Where is this land located?
    The property is located at 1918 Aurora Rd Melbourne, FL.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: $599,900 asking price.; Retail and land property with one unit.; 1957 construction, single-story building.
    Request Owner's contact information
    1918 Aurora Rd Melbourne, FL 32935
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    Melbourne, FL 32935
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1918 Aurora Rd Melbourne, FL 32935
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