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    1240 Wickham Rd Melbourne, FL 32904

    For Sale
    $850,000

    2.57 Acres, Prime Commercial Corner

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 2.57-acre commercial land parcel presents a lucrative investment opportunity in West Melbourne, Florida. Located on the highly visible northwest corner of Wickham Road and South Drive, this C-2 zoned property boasts significant frontage on both major thoroughfares: approximately 380 feet on Wickham Road and 270 feet on South Drive. The property's strategic location offers unparalleled access to high traffic counts (31,100 ADT on Wickham Road), placing your business within easy reach of a substantial customer base. Its proximity to key infrastructure, including Wuesthoff Hospital (1.5 miles south), US Highway 192 (0.5 miles north), and Interstate 95, ensures exceptional visibility and convenient access for employees and customers alike. US Highway 192 provides convenient access to the Atlantic Ocean to the east and the I-95 interchange to the west, offering easy commutes to Orlando, Kissimmee, and Disney. City of West Melbourne water and sewer services are readily available. The property's tax parcel ID is 2736 36 77 0000B.0 0006.00, with current real estate taxes totaling $9,027. Permitted commercial uses include wholesale, retail, office, automotive, hotel, restaurant, and dry cleaning, offering a wide range of development possibilities. This prime location and versatile zoning make this a truly exceptional investment opportunity.

    Property Features for 1240 Wickham Rd

    General Information

    Property type
    Land
    Lot Size
    111,949 SF

    HighLights

    • 2.57‑acre commercial land parcel in West Melbourne, FL.
    • High‑visibility corner lot at Wickham Rd & South Drive (380' & 270' frontage respectively).
    • High traffic counts (31,100 ADT on Wickham Road).
    • Excellent access to US‑192, I‑95, and Wuesthoff Hospital.
    • C‑2 zoning allows for diverse commercial uses (retail, office, hotel, etc.).
    • City water & sewer available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.67307
    Latitude
    28.086182

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    FAQs

    What type of property is this?
    Land - 2.57 Acres, Prime Commercial Corner
    Where is this land located?
    The property is located at 1240 Wickham Rd Melbourne, FL.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: 2.57-acre commercial land parcel in West Melbourne, FL.; High-visibility corner lot at Wickham Rd & South Drive (380' & 270' frontage respectively).; High traffic counts (31,100 ADT on Wickham Road).
    Request Owner's contact information
    1240 Wickham Rd Melbourne, FL 32904
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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
    1240 Wickham Rd Melbourne, FL 32904
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