0 Wickham Rd Melbourne, FL 32935
This exceptional 6.2-acre commercial land parcel, located at the southeast corner of Wickham Road and Parkway Drive in Melbourne, Florida (zip code 32935), presents a unique investment opportunity. Boasting approximately 1,000 feet of frontage on Wickham Road and a depth of approximately 1,300 feet, this property offers unparalleled visibility and accessibility. The site is zoned C1 (Neighborhood Commercial) by the City of Melbourne, permitting a variety of mixed-use developments. With an impressive daily traffic count of 32,250 vehicles, this location is ideal for retail, restaurant, office, or medical uses. The property is conveniently situated near established businesses including a CVS, 7-Eleven, and the new 96-unit Parkway Place Apartments. Surrounding residential communities such as Wickham Club Apartments, Sun N' Green Condos, Park Village Apartments, Weston Park Subdivision, and Lake Pointe Apartments provide a substantial customer base. Wickham Road is a major thoroughfare connecting US Highway 192 to the rapidly growing Suntree/Viera communities. The asking price is $3,500,000. On-site retention is already in place. The total lot size is 270,072 square feet.
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
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.