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    1800 Penn St Melbourne, FL 32901

    For Lease
    $14 SF/Yr

    Melbourne, FL Industrial Warehouse for Sale

    Lot size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 20,000-square-foot industrial warehouse in Melbourne, Florida's Airport Corporate Center presents a unique investment opportunity. The single-tenant building, situated on a 3.34-acre lot, boasts a versatile layout ideal for various industrial uses. The space is divided into approximately 12,000 square feet of office space, 6,000 square feet of manufacturing/production area, and 2,000 square feet of warehouse space. The property features a fully climate-controlled interior with a comprehensive fire sprinkler system, three-phase Florida Power & Light (FPL) electric service, and city water/sewer connections. Access is facilitated by three grade-level overhead doors, measuring approximately 12' x 12' (two doors) and 10' wide x 9' tall (one door). Its prime location within the Airport Corporate Center offers unparalleled convenience, with easy access to Interstate 95, US Highway 1, and US 192. The property benefits from its proximity to Melbourne International Airport and prominent employers such as Northrop Grumman, L3Harris, and GE, making it an attractive location for businesses in the high-tech, engineering, and R&D sectors. Expansion potential exists, with the possibility of combining this unit with an adjacent 11,000-square-foot warehouse for a total of 31,000 square feet. The property's APN is 27-37-32-50-00000.0-0003.00. This is a remarkable opportunity to establish your business in a thriving industrial hub.

    Property Features for 1800 Penn St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,000 SF

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    1
    Size
    20,000 SF
    Rate per SF
    $14

    HighLights

    • 20,000 SF industrial warehouse in Melbourne, FL's Airport Corporate Center.
    • Single‑tenant building on a 3.34‑acre lot with versatile layout.
    • Features 12,000 SF office, 6,000 SF manufacturing/production, and 2,000 SF warehouse space.
    • Climate‑controlled, fire sprinkler system, three‑phase power, city water/sewer, and three grade‑level overhead doors.
    • Excellent location near I‑95, US‑1, US‑192, Melbourne International Airport, and major employers.
    • Potential for expansion up to 31,000 SF by combining with adjacent unit.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Windshield Brothers Auto Glass Shop Child & Family Consultants ... Physical Therapy Clinic Henderson Southeast Corporation Real Estate Developer Elena Monti Social Worker Melissa Conti Occupational Therapist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.652053
    Latitude
    28.0888313

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    FAQs

    What type of property is this?
    Distribution property - Melbourne, FL Industrial Warehouse for Sale
    Where is this distribution property located?
    The property is located at 1800 Penn St Melbourne, FL.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: 20,000 SF industrial warehouse in Melbourne, FL's Airport Corporate Center.; Single-tenant building on a 3.34-acre lot with versatile layout.; Features 12,000 SF office, 6,000 SF manufacturing/production, and 2,000 SF warehouse space.
    Request Owner's contact information
    1800 Penn St Melbourne, FL 32901
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    Melbourne, FL 32901
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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
    1800 Penn St Melbourne, FL 32901
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