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    Wickham Rd Melbourne, FL 32935

    For Sale
    $3,500,000

    Prime Commercial Land, High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 6.2-acre commercial land parcel, located at the southeast corner of Wickham Road and Parkway Drive in Melbourne, Florida (zip code 32935), presents a unique investment opportunity. Boasting approximately 1,000 feet of frontage on Wickham Road and a depth of approximately 1,300 feet, this property offers unparalleled visibility and accessibility. The site is zoned C1 (Neighborhood Commercial) by the City of Melbourne, permitting a variety of mixed-use developments. With an impressive daily traffic count of 32,250 vehicles, this location is ideal for retail, restaurant, office, or medical uses. The property is conveniently situated near established businesses including a CVS, 7-Eleven, and the new 96-unit Parkway Place Apartments. Surrounding residential communities such as Wickham Club Apartments, Sun N' Green Condos, Park Village Apartments, Weston Park Subdivision, and Lake Pointe Apartments provide a substantial customer base. Wickham Road is a major thoroughfare connecting US Highway 192 to the rapidly growing Suntree/Viera communities. The asking price is $3,500,000. On-site retention is already in place. The total lot size is 270,072 square feet.

    Property Features for 0 Wickham Rd

    General Information

    Property type
    Land

    HighLights

    • ±6.2 acres of commercial land, 1,000' frontage on Wickham Rd, 1,300' depth.
    • On‑site retention included.
    • C1 (Neighborhood Commercial) zoning, City of Melbourne.
    • Mixed‑use development permitted.
    • 32,250 ADT.
    • Ideal for retail, restaurant, office, or medical; $3,500,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6700709
    Latitude
    28.1246284

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, High Traffic Area
    Where is this land located?
    The property is located at Wickham Rd Melbourne, FL.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: ±6.2 acres of commercial land, 1,000' frontage on Wickham Rd, 1,300' depth.; On-site retention included.; C1 (Neighborhood Commercial) zoning, City of Melbourne.
    Request Owner's contact information
    Wickham Rd Melbourne, FL 32935
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    Melbourne, FL 32935
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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
    Wickham Rd Melbourne, FL 32935
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