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    1140 Hibiscus Blvd Melbourne, FL 32901

    For Lease
    Contact for pricing

    Melbourne, FL Mixed-Use Development

    Lot size:
    65,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Lakoona Beach, a Class A mixed-use development in Melbourne, FL, presents a unique investment opportunity. This 65,000 square foot retail space sits on a substantial 52-acre lot, offering multiple tenancy options. Located at 1140 W Hibiscus Blvd, with convenient access to W NASA Blvd, this property is situated in the thriving Brevard County submarket. The development is part of a larger project encompassing a significant commercial component and over 750 multifamily units, creating a vibrant and densely populated surrounding community. Its prime location offers exceptional visibility and accessibility, particularly given its proximity to the Melbourne Orlando International Airport. This development promises high foot traffic and strong tenant demand, making it an ideal investment for discerning buyers seeking a high-growth area with diverse revenue streams. The property's substantial land area allows for future expansion or development possibilities. This is a rare opportunity to secure a prominent position within a rapidly developing mixed-use entertainment district in Brevard County. The property's Class A designation reflects its high-quality construction and modern amenities. Detailed plans and specifications are available upon request.

    Property Features for 1140 Hibiscus Blvd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    65,000 SF
    Class
    A

    Unit(s) available at that property

    Space
    Available Space
    Size
    65,000 SF

    HighLights

    • New mixed‑use development in Melbourne, FL, coming soon.
    • 65,000 SF of Class A retail space on a 52‑acre lot with multiple tenancy options at 1140 W Hibiscus Blvd.
    • Located near Melbourne Orlando International Airport, 30 minutes from Cocoa Beach/Cape Canaveral, and 1 hour from Orlando.
    • High‑traffic location on W Hibiscus Blvd (18,400 CPD), within a vibrant community including over 750 multifamily units and a Crystal Lagoon.
    • Offers strong tenant demand and future expansion potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.64445840951
    Latitude
    28.09257256803

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    FAQs

    What type of property is this?
    Retail property - Melbourne, FL Mixed-Use Development
    Where is this retail property located?
    The property is located at 1140 Hibiscus Blvd Melbourne, FL.
    What are key features of this property?
    This property features: New mixed-use development in Melbourne, FL, coming soon.; 65,000 SF of Class A retail space on a 52-acre lot with multiple tenancy options at 1140 W Hibiscus Blvd.; Located near Melbourne Orlando International Airport, 30 minutes from Cocoa Beach/Cape Canaveral, and 1 hour from Orlando.
    Request Owner's contact information
    1140 Hibiscus Blvd Melbourne, FL 32901
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    Melbourne, FL 32901
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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
    1140 Hibiscus Blvd Melbourne, FL 32901
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