0 St Johns Heritage Pkwy & Heritage Lk Blvd West Melbourne, FL 32904
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.