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    Lot 3 - Commerce Dr Melbourne, FL 32904

    For Sale
    $420,000

    0.7-Acre Industrial Lot, $420K

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 0.7-acre industrial lot, situated in the Acopian Commerce Center in Melbourne, Florida (Lot 3 - Commerce Drive, 32904), presents a unique investment opportunity. Zoned M-1 (City of Melbourne Light Industrial), this property allows for light assembly, light manufacturing, and warehousing. The lot boasts city water and sewer, FPL electric, and natural gas access. Deed restrictions ensure a high-quality development with concrete/stucco front finishes and an overhead door to the rear or side. Estimated delivery is Q1 2024. This prime location offers easy access to Interstate 95, US1, and NASA Boulevard, placing your business near major employers like Northrop Grumman, GE, L3Harris, Satcom Direct, and Extant Aerospace. The area also provides convenient access to Melbourne Square Mall, downtown Melbourne, and various amenities including dining, daycare, and schools. The property is part of a larger 4.68-acre site, offering flexibility for potential expansion or acquisition of adjacent lots. This is an ideal location for businesses seeking a strategic presence in the thriving Melbourne Airport community. The asking price is $420,000.

    Property Features for 0 Lot 3 - 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), 32904, at Lot 3 - 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.
    • Deed restrictions specify concrete/stucco front finish and overhead doors to the rear or side.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6581569
    Latitude
    28.0961362

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    FAQs

    What type of property is this?
    Land - 0.7-Acre Industrial Lot, $420K
    Where is this land located?
    The property is located at Lot 3 - 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), 32904, at Lot 3 - 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 3 - Commerce Dr Melbourne, FL 32904
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