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    I-95 And Eau Gallie Blvd Melbourne, FL 32934

    Sponsored
    For Sale
    $10,300,000

    22 Acres, I-95 & Eau Gallie Blvd

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 22-acre commercial land parcel presents a significant investment opportunity on Florida's Space Coast. Strategically located at the southwest corner of I-95 and Eau Gallie Boulevard (Exit 518) in Melbourne, Brevard County, this property boasts unparalleled visibility and accessibility. The site is adjacent to Renninger's Flea and Farmer's Market, benefiting from existing high traffic volume. The land is zoned CP Commercial by the City of Melbourne. The property is divided by an 80+-foot private access easement, with approximately 12.06 acres east and 9.98 acres west of the easement. The easement connects to Jones Road and can be relocated to the eastern portion without requiring Renninger's permission

    Property Features for I-95 And Eau Gallie Blvd

    General Information

    Property type
    Land
    Lot Size
    958,320 SF

    HighLights

    • 22+ acre commercial parcel at the southwest corner of I‑95 and Eau Gallie Blvd (Exit 518), Melbourne, FL.
    • High‑traffic corner location on Florida's Space Coast, offering exceptional visibility and accessibility.
    • Proximity to Melbourne Square Mall and Brevard Zoo, ensuring high consumer traffic.
    • Strong investment opportunity in a growing economy with high development potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.7087422
    Latitude
    28.1203198

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    FAQs

    What type of property is this?
    Land - 22 Acres, I-95 & Eau Gallie Blvd
    Where is this land located?
    The property is located at I-95 And Eau Gallie Blvd Melbourne, FL.
    What is the asking price?
    The asking price for this property is $10,300,000.
    What are key features of this property?
    This property features: 22+ acre commercial parcel at the southwest corner of I-95 and Eau Gallie Blvd (Exit 518), Melbourne, FL.; High-traffic corner location on Florida's Space Coast, offering exceptional visibility and accessibility.; Proximity to Melbourne Square Mall and Brevard Zoo, ensuring high consumer traffic.
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    I-95 And Eau Gallie Blvd Melbourne, FL 32934
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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
    I-95 And Eau Gallie Blvd Melbourne, FL 32934
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