Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    808 Strawbridge Ave Melbourne, FL 32901

    For Sale
    $825,000

    Prime .42-acre lot, redevelopment opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional .42-acre commercial land parcel, located at 808 E Strawbridge Avenue in Historic Downtown Melbourne, Florida (zip code 32901), presents a compelling redevelopment opportunity. The property, encompassing 10,890 square feet, is zoned C3, allowing for a wide range of development possibilities. A significant advantage lies in the potential for assemblage with adjacent city-owned parcels, expanding the total area to 1.01 acres and unlocking a potential density of 100 units per acre. A proposed development plan envisions a seven-story mixed-use building, comprising 90 residential units (47 one-bedroom and 43 two-bedroom apartments) and 6,000 square feet of ground-floor commercial space. This ambitious project would feature a total construction area of 252,890 square feet and include parking for 147 vehicles. The development also incorporates planned interior and exterior residential amenities. This strategic location within the rapidly growing Historic Downtown Melbourne district, combined with the potential for a large-scale, mixed-use development, positions this property as a transformative project with the potential to significantly impact the downtown skyline. The asking price for this unique opportunity is $825,000.

    Property Features for 808 Strawbridge Ave

    General Information

    Property type
    Land
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage 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
    -80.6073012
    Latitude
    28.0796257

    Nearby Similar for Sale

    • $757,997
      1,823 SF

      Historic Home in Arts District

      Restored 1928 home near Eau Gallie Arts District.
      1248 Highland Ave, Melbourne, FL 32935
      View Details
    • $545,000
      2,252 SF

      High-Income Multifamily Property in Melbourne

      Three-unit multifamily property with strong income potential in a prime location.
      158 Ct West, Melbourne, FL 32904
      View Details
    • $489,000
      2.51 Acres

      Equestrian Estate with Six-Stall Barn

      2.5-acre equestrian estate featuring a six-stall barn and updated utilities.
      3900 Miami Ave, Melbourne, FL 32904
      View Details
    • $1,700,000
      9,000 SF

      Historic Landmark in Downtown Melbourne

      9000 sq ft historic property with redevelopment potential.
      1824 S Harbor City Blvd, Melbourne, FL 32901
      View Details
    • $1,500,000
      4,948 SF

      Versatile Commercial Property in Melbourne

      Former nursing school suitable for educational, medical, or professional use.
      111 Scott St, Melbourne, FL 32901
      View Details
    • $1,499,000
      7,728 SF

      Melbourne Multi-Unit Investment Opportunity

      Eleven units in a prime Melbourne location with new roof and windows.
      89 NW Irwin Ave, Melbourne, FL 32904
      View Details

    FAQs

    What type of property is this?
    Land - Prime .42-acre lot, redevelopment opportunity.
    Where is this land located?
    The property is located at 808 Strawbridge Ave Melbourne, FL.
    What is the asking price?
    The asking price for this property is $825,000.
    (321) 300-4773
    Request Owner's contact information
    808 Strawbridge Ave Melbourne, FL 32901
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    808 Strawbridge Ave
    Melbourne, FL 32901
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    808 Strawbridge Ave Melbourne, FL 32901
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.