Pad 5 St Johns Heritage Pkwy & Heritage Lk Blvd West Melbourne, FL 32904
This exceptional 1.65-acre commercial land parcel presents a unique investment opportunity in West Melbourne, Florida. Located at the highly visible intersection of St. Johns Heritage Parkway and Heritage Lakes Boulevard (Pad 5), this Class A property boasts 71,874 square feet and is zoned for Gateway Interchange West Melbourne. The site benefits from its strategic position within the Heritage Lakes mixed-use development, a thriving community featuring a 150-unit single-family residential subdivision (currently 100% occupied) and a 374-unit multi-family apartment complex (currently leasing). This ensures a substantial and growing customer base for any retail establishment. The property is ideally suited for a bank, convenience store, or quick-service restaurant (QSR), with existing tenants including Dollar General, Starbucks, Taco Bell, and Wawa nearby, demonstrating strong market demand. The parcel offers excellent ingress and egress, facilitated by a soon-to-be-signalized intersection, ensuring convenient access for customers and employees. This fee-simple ownership opportunity provides immediate access to a vibrant and expanding market, making it an attractive investment for discerning buyers. The property's APN is 3027549. This prime location within a rapidly developing mixed-use community offers significant potential for long-term growth and profitability. The property is offered for sale by owner.
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
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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.