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    105 Cherry St Melbourne, FL 32901

    For Sale
    $79,900

    Prime 7,405 SF lot, ready to build.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 7,405 square foot commercial and residential lot is ideally situated at 105 Cherry Street in Melbourne, Florida, zip code 32901. Priced at $79,900, this property offers significant advantages for developers and builders. The lot is conveniently located just a six-minute drive from the Ballard Park boat ramp and a ten-minute drive from a nearby beach park in Indialantic. Infrastructure is already in place, saving considerable time and expense during the construction phase. Melbourne Water and a meter are installed, along with a sewer lateral and a fiber optic hub. This ready-to-build status significantly streamlines the development process. Beyond its immediate surroundings, this property enjoys proximity to a wealth of attractions and amenities. It's a short distance from the beaches, Port Canaveral, Cocoa Beach, Sebastian Inlet, Disney World, Viera, Vero Beach, upscale shopping centers, airports, the Brevard Zoo, and the Kennedy Space Center. This strategic location offers unparalleled access to both recreational opportunities and major transportation hubs, making it an attractive investment for a variety of development projects. The property's dual commercial and residential zoning provides flexibility for diverse development plans.

    Property Features for 105 Cherry St

    General Information

    Property type
    Land

    HighLights

    • $79,900 asking price.
    • 7,405 square foot lot.
    • Located at 105 Cherry Street, Melbourne, FL 32901.
    • Commercial and residential zoning.
    • Utilities including water meter, sewer lateral, and fiber optic hub already in place.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply 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
    -80.6194491
    Latitude
    28.0995817

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    FAQs

    What type of property is this?
    Land - Prime 7,405 SF lot, ready to build.
    Where is this land located?
    The property is located at 105 Cherry St Melbourne, FL.
    What is the asking price?
    The asking price for this property is $79,900.
    What are key features of this property?
    This property features: $79,900 asking price.; 7,405 square foot lot.; Located at 105 Cherry Street, Melbourne, FL 32901.
    Request Owner's contact information
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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
    105 Cherry St Melbourne, FL 32901
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