Property profile

0 Cor Minton Rd And Flanagan Ave Melbourne, FL 32904

OFF-MARKET
Land
24.25 ac lot
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Property summary

AI-generated overview

This exceptional 24.25-acre commercial land parcel presents a significant investment opportunity in desirable West Melbourne, Florida. Strategically located at the southwest corner of Minton Road and Flanagan Avenue, this property boasts a prime location on a major thoroughfare, offering excellent visibility and accessibility. The parcel is zoned C-1, allowing for a variety of commercial uses. With a total asking price of $3,600,000, the land value calculates to $148,454 per acre. The property's address is SW Corner Minton Road and Flanagan Ave, West Melbourne, FL 32904 (APN: 28-36-13-00-1). Its proximity to city parks, schools, and numerous residential developments makes it an ideal location for a variety of commercial ventures. The City of West Melbourne has identified this property as a potential site for a future "Town Center," highlighting its significant long-term development potential. This presents a rare chance to acquire a substantial tract of land in a rapidly growing area with excellent infrastructure and a strong residential base. The property's size and zoning provide considerable flexibility for developers seeking to create a thriving commercial hub. Serious inquiries are encouraged.

Property profile

Verified
Property type Land
Lot 24.25 ac (1,056,330 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Cor Minton Rd And Flanagan Ave Melbourne, FL 32904
Melbourne metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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