0 Parkway Dr Melbourne, FL 32934
This exceptional 39.72-acre parcel of undeveloped wooded land presents a unique investment opportunity in Melbourne, Florida. Strategically located just west of N. Wickham Road, this property enjoys convenient access to a full range of amenities. The land is currently in its natural state, offering a blank canvas for future development. However, it's important to note that mitigation will be required before any construction can commence. This factor should be considered during the due diligence process. The property's substantial size provides ample space for a variety of commercial projects, making it suitable for developers seeking a significant land holding in a thriving area. The address is Parkway Dr, Melbourne, FL 32934, within Brevard County. The asking price for this expansive tract is $1,500,000. Prospective buyers are encouraged to conduct thorough site inspections and engage with relevant authorities to fully understand the development requirements and potential. This property offers considerable potential for long-term growth and return on investment. The location's proximity to established infrastructure and amenities further enhances its appeal.
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.