Pad 2 St Johns Heritage Pkwy & Heritage Lk Blvd West Melbourne, FL 32904
This exceptional 1.87-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 2), this Class A property boasts 81,457 square feet and benefits from a Gateway Interchange West Melbourne zoning designation. The site is part of the Heritage Lakes development, a thriving 280+-acre mixed-use project 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's strategic location at a soon-to-be signalized intersection provides excellent visibility and accessibility. Existing tenants include nationally recognized brands such as Dollar General, Starbucks, Taco Bell, and Wawa, further solidifying the area's commercial viability. The property is offered fee simple and is ideal for a variety of uses, including but not limited to banking, convenience stores, and quick-service restaurants. The ample ingress and egress points ensure convenient access for customers and employees. This is a rare opportunity to acquire a prime commercial parcel in a rapidly expanding area with strong demographics and significant development momentum. The APN is 3027549. Don't miss this chance to capitalize on this exceptional location.
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
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Property description
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Risks
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