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Property profile & analytics
OFF-MARKET
Land

0 Lot 4 - Commerce Dr Melbourne, FL 32904

0.7 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 0.7-acre industrial land parcel, located at Lot 4 - Commerce Drive in Melbourne, Florida (zip code 32904), presents a unique investment opportunity. Zoned M-1 (City of Melbourne Light Industrial), this property allows for light assembly, light manufacturing, and warehousing uses. The site boasts city water and sewer, FPL electric, and natural gas availability. Deed restrictions ensure a consistent aesthetic with concrete or stucco front finishes and overhead doors located to the rear or side of buildings. Estimated delivery is slated for the first quarter of 2024. This property is part of a larger 4.68-acre site, offering flexibility for potential buyers; the entire parcel or individual 0.7-acre lots are available. The Acopian Commerce Center enjoys a strategic location within the Melbourne Airport community, surrounded by major employers such as Northrop Grumman, GE, L3Harris, Satcom Direct, and Extant Aerospace. Its proximity to Melbourne Square Mall, downtown Melbourne, and various amenities including dining, daycare, and schools adds to its appeal. Excellent accessibility is provided by nearby Interstate 95, US1, and NASA Boulevard. The asking price for this exceptional lot is $420,000. This is an ideal location to establish your business and benefit from the thriving Melbourne economy.

Property profile
Verified
Property type Land
Lot 0.7 ac (30,492 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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