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    Lot 4 - Commerce Dr Melbourne, FL 32904

    For Sale
    $420,000

    0.7-acre lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 0.7-acre industrial land parcel, located at Lot 4 - Commerce Drive in Melbourne, Florida (zip code 32904), presents a unique investment opportunity. Zoned M-1 (City of Melbourne Light Industrial), this property allows for light assembly, light manufacturing, and warehousing uses. The site boasts city water and sewer, FPL electric, and natural gas availability. Deed restrictions ensure a consistent aesthetic with concrete or stucco front finishes and overhead doors located to the rear or side of buildings. Estimated delivery is slated for the first quarter of 2024. This property is part of a larger 4.68-acre site, offering flexibility for potential buyers; the entire parcel or individual 0.7-acre lots are available. The Acopian Commerce Center enjoys a strategic location within the Melbourne Airport community, surrounded by major employers such as Northrop Grumman, GE, L3Harris, Satcom Direct, and Extant Aerospace. Its proximity to Melbourne Square Mall, downtown Melbourne, and various amenities including dining, daycare, and schools adds to its appeal. Excellent accessibility is provided by nearby Interstate 95, US1, and NASA Boulevard. The asking price for this exceptional lot is $420,000. This is an ideal location to establish your business and benefit from the thriving Melbourne economy.

    Property Features for 0 Lot 4 - Commerce Dr

    General Information

    Property type
    Land
    Lot Size
    30,492 SF

    HighLights

    • $420,000 asking price for 0.7‑acre industrial land parcel.
    • Located in Melbourne, FL (Brevard County, zip code 32904), at Lot 4 - Commerce Drive within the Acopian Commerce Center.
    • M‑1 Light Industrial zoning allows for light assembly, light manufacturing, and warehousing.
    • Utilities include city water/sewer, FPL electric, and natural gas.
    • Estimated delivery in Q1 2024.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.658164399528
    Latitude
    28.094034031918

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    FAQs

    What type of property is this?
    Land - 0.7-acre lot, prime location.
    Where is this land located?
    The property is located at Lot 4 - Commerce Dr Melbourne, FL.
    What is the asking price?
    The asking price for this property is $420,000.
    What are key features of this property?
    This property features: $420,000 asking price for 0.7-acre industrial land parcel.; Located in Melbourne, FL (Brevard County, zip code 32904), at Lot 4 - Commerce Drive within the Acopian Commerce Center.; M-1 Light Industrial zoning allows for light assembly, light manufacturing, and warehousing.
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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
    Lot 4 - Commerce Dr Melbourne, FL 32904
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