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    719 Vine St Melbourne, FL 32904

    Sponsored
    For Sale
    $59,990

    Prime Commercial/Residential Lot in Melbourne, FL

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7,405 square foot lot, located at 719 Vine Street in Melbourne, Florida (zip code 32904), presents a unique investment opportunity. Zoned for both commercial and residential use, this cleared lot offers unparalleled flexibility for developers and investors. Its convenient location provides easy access to major roadways, including I-95, and is in close proximity to popular retail destinations such as Sam's Club and Melbourne Square Mall. The property's versatility allows for the construction of a single-family home, or it could be developed for a variety of commercial uses, subject to local zoning regulations. The asking price for this prime piece of real estate is $59,990. Given its size, location, and zoning, this lot represents a significant opportunity for immediate development or future appreciation. The property is situated in Brevard County, Florida, and its coordinates are 28.0654023 latitude and -80.6801012 longitude. Serious inquiries are encouraged to explore the potential of this versatile property. All interested parties are advised to conduct their own due diligence regarding zoning regulations and development possibilities.

    Property Features for 719 Vine St

    General Information

    Property type
    Land

    HighLights

    • 7,405 SF lot at 719 Vine Street, Melbourne, FL 32904.
    • Commercial and residential zoning allows for flexible development.
    • Convenient access to I‑95 and nearby retail.
    • Asking price: $59,990.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6801012
    Latitude
    28.0654023

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    FAQs

    What type of property is this?
    Land - Prime Commercial/Residential Lot in Melbourne, FL
    Where is this land located?
    The property is located at 719 Vine St Melbourne, FL.
    What is the asking price?
    The asking price for this property is $59,990.
    What are key features of this property?
    This property features: 7,405 SF lot at 719 Vine Street, Melbourne, FL 32904.; Commercial and residential zoning allows for flexible development.; Convenient access to I-95 and nearby retail.
    Request Owner's contact information
    719 Vine St Melbourne, FL 32904
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    Melbourne, FL 32904
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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
    719 Vine St Melbourne, FL 32904
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