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    308 Strawbridge Ave Melbourne, FL 32901

    For Sale
    $1,100,000

    Prime .75-acre lot, redevelopment potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 0.75-acre commercial land parcel is situated in the heart of historic downtown Melbourne, Florida, offering a unique redevelopment opportunity within a thriving and rapidly growing area. Currently zoned RP, the property includes a 1,500 square foot building, but the City of Melbourne is open to considering a variance for redevelopment, potentially allowing for residential, professional, or residential development. The location boasts exceptional proximity to a diverse range of businesses – over 288 within a one-mile radius – drawing customers from across Brevard County, a region with a robust population of 169,000 and a strong average household income of $85,883, projected to increase to $99,247 by 2028. Further enhancing its appeal, the property benefits from its close proximity to Florida Tech (6,500 students), over 200 technology and aviation firms, Melbourne International Airport (300,000 annual European travelers), and major attractions such as Disney World, other theme parks, and the Kennedy Space Center (all within a 30-minute radius). This vibrant district offers a captivating blend of dining, shopping, entertainment, and cultural experiences, making this site an ideal location for launching or expanding a business. The asking price for this remarkable property is $1,100,000. The address is 308 E Strawbridge Ave, Melbourne, FL 32901.

    Property Features for 308 Strawbridge Ave

    General Information

    Property type
    Land
    Lot Size
    32,670 SF

    HighLights

    • $1,100,000 asking price.
    • 0.75‑acre commercial land parcel.
    • Located at 308 E Strawbridge Ave, Melbourne, FL 32901.
    • Currently zoned RP, redevelopment variance possible.
    • Prime location in Historic Downtown Melbourne.
    Property Profile Insight Report 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
    -80.615194
    Latitude
    28.079736

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    FAQs

    What type of property is this?
    Land - Prime .75-acre lot, redevelopment potential
    Where is this land located?
    The property is located at 308 Strawbridge Ave Melbourne, FL.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: $1,100,000 asking price.; 0.75-acre commercial land parcel.; Located at 308 E Strawbridge Ave, Melbourne, FL 32901.
    (321) 300-4773
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    308 Strawbridge Ave 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
    308 Strawbridge Ave Melbourne, FL 32901
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