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    Parkway Dr Melbourne, FL 32934

    For Sale
    $1,500,000

    Wooded acreage, prime location, development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 39.72-acre parcel of undeveloped wooded land presents a unique investment opportunity in Melbourne, Florida. Strategically located just west of N. Wickham Road, this property enjoys convenient access to a full range of amenities. The land is currently in its natural state, offering a blank canvas for future development. However, it's important to note that mitigation will be required before any construction can commence. This factor should be considered during the due diligence process. The property's substantial size provides ample space for a variety of commercial projects, making it suitable for developers seeking a significant land holding in a thriving area. The address is Parkway Dr, Melbourne, FL 32934, within Brevard County. The asking price for this expansive tract is $1,500,000. Prospective buyers are encouraged to conduct thorough site inspections and engage with relevant authorities to fully understand the development requirements and potential. This property offers considerable potential for long-term growth and return on investment. The location's proximity to established infrastructure and amenities further enhances its appeal.

    Property Features for 0 Parkway Dr

    General Information

    Property type
    Land
    Lot Size
    1,730,203 SF

    HighLights

    • $1,500,000 asking price.
    • 39.72 acres of commercial land.
    • Located in Melbourne, Brevard County, Florida (32934).
    • Situated on Parkway Dr, west of N. Wickham Road.
    • Mitigation required for development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6841995
    Latitude
    28.1574274

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    FAQs

    What type of property is this?
    Land - Wooded acreage, prime location, development potential.
    Where is this land located?
    The property is located at Parkway Dr Melbourne, FL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price.; 39.72 acres of commercial land.; Located in Melbourne, Brevard County, Florida (32934).
    Request Owner's contact information
    Parkway Dr 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
    Parkway Dr Melbourne, FL 32934
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