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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

0 St Johns Heritage Pkwy & Heritage Lk Blvd West Melbourne, FL 32904

88,427 SF 2.03 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 2.03-acre commercial land parcel is situated in West Melbourne, Florida, at the highly visible intersection of St. Johns Heritage Pkwy and Heritage Lakes Blvd. The property benefits from its location within the thriving Heritage Lakes mixed-use development, a 280+-acre project featuring a 150-unit single-family residential subdivision (currently 100% occupied) and a 374-unit multi-family apartment complex (currently leasing). This prime outparcel offers unparalleled visibility and accessibility, boasting frontage along St. Johns Heritage Parkway at a soon-to-be signalized intersection, ensuring high traffic counts and excellent exposure. The Gateway Interchange West Melbourne zoning permits a wide range of uses, including bank, convenience store, and quick-service restaurant (QSR) establishments. The property's 88,427 square feet provide ample space for development, catering to a variety of commercial needs. With fee simple ownership and a desirable location within a rapidly growing community, this presents a unique investment opportunity for discerning buyers. The surrounding area includes established national brands such as Dollar General, Walgreens, CVS Pharmacy, 7-Eleven, Starbucks, Taco Bell, Burger King, Dollar Tree, McDonald's, Wendy's, Family Dollar, AutoZone, Chick-fil-A, Tractor Supply, Walmart, DaVita, Aldi, Sherwin-Williams, Wawa, Chipotle, Rite Aid, Popeyes, KFC, Arby's, Advanced Auto Parts, Circle K, Dunkin', and Jiffy Lube, indicating strong market demand and potential for significant returns. The property's APN is 3027549.

Property profile
Verified
Property type Retail properties & Spaces
Total area 88,427 SF
Lot 2.03 ac (88,427 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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