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    Cor Minton Rd And Flanagan Ave Melbourne, FL 32904

    For Sale
    $3,600,000

    24.25 Acres, C-1 Zoning, $3.6M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 24.25-acre commercial land parcel presents a significant investment opportunity in desirable West Melbourne, Florida. Strategically located at the southwest corner of Minton Road and Flanagan Avenue, this property boasts a prime location on a major thoroughfare, offering excellent visibility and accessibility. The parcel is zoned C-1, allowing for a variety of commercial uses. With a total asking price of $3,600,000, the land value calculates to $148,454 per acre. The property's address is SW Corner Minton Road and Flanagan Ave, West Melbourne, FL 32904 (APN: 28-36-13-00-1). Its proximity to city parks, schools, and numerous residential developments makes it an ideal location for a variety of commercial ventures. The City of West Melbourne has identified this property as a potential site for a future "Town Center," highlighting its significant long-term development potential. This presents a rare chance to acquire a substantial tract of land in a rapidly growing area with excellent infrastructure and a strong residential base. The property's size and zoning provide considerable flexibility for developers seeking to create a thriving commercial hub. Serious inquiries are encouraged.

    Property Features for 0 Cor Minton Rd And Flanagan Ave

    General Information

    Property type
    Land
    Lot Size
    1,056,330 SF

    HighLights

    • 24.25‑acre commercial land parcel in West Melbourne, FL.
    • Prime location at the southwest corner of Minton Road and Flanagan Avenue, offering excellent visibility and accessibility.
    • Zoned C‑1, allowing for a variety of commercial uses.
    • Asking price: $3,600,000 ($148,454 per acre).
    • Address: SW Corner Minton Road and Flanagan Ave, West Melbourne, FL 32904 (APN: 28‑36‑13‑00‑1).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6712354
    Latitude
    28.0573336

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    FAQs

    What type of property is this?
    Land - 24.25 Acres, C-1 Zoning, $3.6M
    Where is this land located?
    The property is located at Cor Minton Rd And Flanagan Ave Melbourne, FL.
    What is the asking price?
    The asking price for this property is $3,600,000.
    What are key features of this property?
    This property features: 24.25-acre commercial land parcel in West Melbourne, FL.; Prime location at the southwest corner of Minton Road and Flanagan Avenue, offering excellent visibility and accessibility.; Zoned C-1, allowing for a variety of commercial uses.
    (321) 722-0707
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    Cor Minton Rd And Flanagan Ave 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
    Cor Minton Rd And Flanagan Ave Melbourne, FL 32904
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