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    1090 Wickham Rd Melbourne, FL 32935

    For Sale
    $1,000,000

    High-traffic location, redevelopment potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This 0.64-acre commercial land parcel in Melbourne, Florida (Brevard County, zip code 32935), located at 1090 N Wickham Rd, is zoned C-2 and offers a prime redevelopment opportunity. Currently occupied by an operating self-serve car wash (to be removed 30 days prior to closing; building remains), the site is ideally suited for a quick-service restaurant (QSR) with a drive-thru, with potential for up to 2340 square feet. The property boasts excellent visibility and access on Wickham Road, with an average daily traffic count of approximately 38,600 vehicles. It's situated in a thriving area with a mix of retail, office, and residential properties, including a Walmart Supercenter, Melbourne Village Shopping Center (anchored by Staples, Old Time Pottery, and Dollar Tree), and numerous other national and local businesses such as Panda Express, Chili's, Del Taco, Wendy's, and PNC Bank. While some restrictive use covenants exist regarding automotive repair (negotiable with Walmart), all utilities are on-site, impact fees are transferable, and existing landscaping and retention are in place. Ingress/egress is established, and much of the existing parking/paving can be reused. The City of Melbourne allows simultaneous submission of building and site plans, with current approval times averaging four months. This fee-simple property is offered at $1,000,000.

    Property Features for 1090 Wickham Rd

    General Information

    Property type
    Land

    HighLights

    • $1,000,000 asking price for a fee simple ownership of 0.64 acres of commercial land zoned C‑2.
    • The property includes an existing building and operating car wash (to be removed by seller 30 days prior to closing).
    • Redevelopment potential exists for a 2,340 sq ft quick‑service restaurant (QSR) with drive‑thru.
    • Negotiable automotive repair use restrictions exist with Walmart, the adjacent property owner.
    • Located on Wickham Rd in Melbourne, FL (32935), with high daily traffic counts and proximity to major retailers including Walmart, Staples, and other national chains.
    • Utilities are on‑site, impact fees are transferable, and existing landscaping, retention, ingress/egress, and much of the parking/paving can be reused.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sparkle Carwash of Brevard Car Wash

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.672123
    Latitude
    28.1248243

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    FAQs

    What type of property is this?
    Land - High-traffic location, redevelopment potential.
    Where is this land located?
    The property is located at 1090 Wickham Rd Melbourne, FL.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: $1,000,000 asking price for a fee simple ownership of 0.64 acres of commercial land zoned C-2.; The property includes an existing building and operating car wash (to be removed by seller 30 days prior to closing).; Redevelopment potential exists for a 2,340 sq ft quick-service restaurant (QSR) with drive-thru.
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    1090 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
    1090 Wickham Rd Melbourne, FL 32935
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