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    and US 192 Coastal Ln Melbourne, FL 32904

    For Sale
    $6,250,000

    16.73 acres, US 192 frontage, CP zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 16.73-acre commercial land parcel presents a significant investment opportunity in West Melbourne, Florida. Strategically located at the intersection of Coastal Lane and US 192, this property boasts exceptional visibility and accessibility. The site comprises three parcels (28-36-10-00-16, 28-36-03-00-758, and 28-36-02-00-505) and benefits from CP zoning with an Interchange Commercial Overlay, permitting a wide range of uses including hotels, retail stores, restaurants, professional offices, and approved commercial recreation. Situated in a thriving business area, the property is surrounded by major retailers, hotels, auto dealerships, restaurants, and entertainment venues. Its location at the end of Coastal Lane, within the Coastal Commerce Center, ensures easy ingress and egress directly from US 192 via a signalized intersection. The property enjoys approximately 700 feet of frontage along northbound Interstate 95, a major thoroughfare with an Average Daily Traffic Count exceeding 80,500 vehicles. Furthermore, its proximity to the Space Coast Town Center, a 225-acre mixed-use development encompassing residential, commercial, and recreational components, adds to its long-term value and potential. This prime location offers unparalleled exposure and access to a large and growing consumer base. The asking price is $6,250,000.

    Property Features for and US 192 Coastal Ln

    General Information

    Property type
    Land
    Lot Size
    728,759 SF

    HighLights

    • $6,250,000 asking price for 16.73 acres of commercial land.
    • Located in West Melbourne, Florida, at Coastal Lane and US 192 (zip code 32904).
    • CP zoning permits hotels, retail, restaurants, professional offices, and commercial recreation.
    • High‑traffic location near I‑95 and US 192, with approximately 80,500 vehicles daily.
    • Situated in a thriving business area with big‑box retailers, hotels, and restaurants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.703498
    Latitude
    28.0789474

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    FAQs

    What type of property is this?
    Land - 16.73 acres, US 192 frontage, CP zoning.
    Where is this land located?
    The property is located at and US 192 Coastal Ln Melbourne, FL.
    What is the asking price?
    The asking price for this property is $6,250,000.
    What are key features of this property?
    This property features: $6,250,000 asking price for 16.73 acres of commercial land.; Located in West Melbourne, Florida, at Coastal Lane and US 192 (zip code 32904).; CP zoning permits hotels, retail, restaurants, professional offices, and commercial recreation.
    (321) 722-0707
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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
    and US 192 Coastal Ln Melbourne, FL 32904
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