0 Calloway Ln Melbourne, FL 32901
This exceptional 14,375 square foot lot presents a prime investment opportunity in Melbourne, Florida. Located at 0 Calloway Lane, zip code 32901, this vacant land offers a rare chance to own property in a highly desirable area. The lot is already cleared, eliminating significant upfront development costs, and is conveniently situated just minutes from a variety of dining, shopping, and recreational options, including the beach. Adding to its appeal, this property is not located within a flood zone and boasts the added benefit of having no homeowner's association (HOA) fees. The asking price is $59,000. The property is zoned for both commercial and residential use, providing flexibility for a wide range of development possibilities. Its location in Brevard County, Florida, offers easy access to major transportation routes and amenities. This is a unique opportunity to acquire a versatile and well-situated lot in a thriving Florida community. Don't miss out on this chance to secure a piece of Melbourne's real estate market. The property's size and location make it ideal for various projects, from residential construction to small commercial ventures. The absence of HOA restrictions further enhances its appeal to investors seeking maximum flexibility and control.
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.