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    1425 Columbia Ln Melbourne, FL 32934

    For Sale
    $899,999

    Three-unit warehouse, 74,052 sq ft lot, $899,999

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional investment opportunity presents a unique three-unit warehouse complex situated on a substantial 74,052 square foot lot in Melbourne, Florida. The property, located at 1425 Columbia Lane, zip code 32934, boasts a prime location within Brevard County. Constructed in 1973, the property currently comprises three separate warehouse buildings, previously utilized as a dog kennel. The property also includes a main house, approximately under 3,000 square feet according to tax records, which is currently zoned residential. This presents a compelling opportunity for an owner-occupant seeking to combine residential living with a commercial enterprise. Alternatively, the property offers potential for future development through rezoning the entire parcel for consistent commercial use. The asking price for this substantial property is $899,999. The property is currently under two separate tax IDs, reflecting the distinct nature of the residential and commercial components. This versatile property offers significant potential for a variety of commercial uses and presents a rare chance to acquire a substantial holding in a desirable location. Serious inquiries are encouraged.

    Property Features for 1425 Columbia Ln

    General Information

    Property type
    Distribution properties

    Building Details

    Year Built
    1973
    Units
    3

    HighLights

    • Exceptional three‑unit warehouse complex on a 74,052 sq ft lot in Melbourne, FL (32934).
    • Prime Brevard County location at 1425 Columbia Lane.
    • 1973 construction; currently includes three warehouse buildings (formerly a dog kennel) and a ~3,000 sq ft residential house.
    • Owner‑occupant opportunity or potential for rezoning and commercial redevelopment.
    • $899,999 asking price; two separate tax IDs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pike Electric llc. Electric Utility Company

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Clothing Store Pharmacy Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.7103532
    Latitude
    28.1356631

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    FAQs

    What type of property is this?
    Distribution property - Three-unit warehouse, 74,052 sq ft lot, $899,999
    Where is this distribution property located?
    The property is located at 1425 Columbia Ln Melbourne, FL.
    What is the asking price?
    The asking price for this property is $899,999.
    What are key features of this property?
    This property features: Exceptional three-unit warehouse complex on a 74,052 sq ft lot in Melbourne, FL (32934).; Prime Brevard County location at 1425 Columbia Lane.; 1973 construction; currently includes three warehouse buildings (formerly a dog kennel) and a ~3,000 sq ft residential house.
    Request Owner's contact information
    1425 Columbia Ln Melbourne, FL 32934
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    Melbourne, FL 32934
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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
    1425 Columbia Ln Melbourne, FL 32934
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