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    1245 Eau Gallie Blvd Melbourne, FL 32935

    For Sale
    $1,750,000

    Prime Commercial Lot, Pad Ready, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 81,457.2 square foot commercial land parcel is ideally situated at 1245 W Eau Gallie Boulevard in Melbourne, Florida, zip code 32935. Priced at $1,750,000, this pad-ready lot boasts high visibility and is zoned C1A. A recently approved site design plan outlines a mixed-use development exceeding 17,000 square feet, incorporating ample parking and off-site retention. Utilities are conveniently stubbed on-site, and a portion of the site work is already complete, streamlining the development process. This property presents a unique opportunity for a variety of businesses, including professional offices, retail establishments, or even companies in the aerospace or technology sectors. Its strategic location offers easy access to Melbourne Airport, major roadways such as US Highway 1 and I-95, and is in close proximity to prominent defense contractors like L3Harris and Northrop Grumman. The area also enjoys the convenience of nearby amenities, including a Starbucks. This prime location and partially completed site work make this an exceptional investment opportunity in a thriving Florida market.

    Property Features for 1245 Eau Gallie Blvd

    General Information

    Property type
    Land

    HighLights

    • $1,750,000 asking price.
    • 81,457.2 sq ft lot.
    • Pad‑ready commercial land in Melbourne, FL.
    • High visibility location with substantial traffic counts.
    • C1A zoning.
    • Utilities stubbed, site work partially complete.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hidden Harbor Estates Real Estate Developer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.639355
    Latitude
    28.127579

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    FAQs

    What type of property is this?
    Land - Prime Commercial Lot, Pad Ready, High Visibility
    Where is this land located?
    The property is located at 1245 Eau Gallie Blvd Melbourne, FL.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: $1,750,000 asking price.; 81,457.2 sq ft lot.; Pad-ready commercial land in Melbourne, FL.
    Request Owner's contact information
    1245 Eau Gallie Blvd Melbourne, FL 32935
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    Melbourne, FL 32935
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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
    1245 Eau Gallie Blvd Melbourne, FL 32935
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