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Property profile & analytics
OFF-MARKET
Mixed-use properties

0 Wickham Rd Melbourne, FL 32935

Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Mixed-use properties
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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