Eau Gallie Blvd Melbourne, FL 32934
- Retail properties
- 5.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 0 Eau Gallie Blvd
- Lot size
- 5.00 lot acres
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional 5-acre commercial property in Melbourne, Florida, presents a unique investment opportunity. Located at the highly visible intersection of I-95 and Eau Gallie Boulevard (SR-518), this fully entitled site boasts a CP zoning designation, allowing for a wide range of uses including hotel, restaurant, gas station, retail, industrial, automotive, and more. The property offers excellent visibility and accessibility, with high traffic counts of 96,000 ADT on I-95 and 29,000 ADT on Eau Gallie Boulevard. Utilities access, wetland mitigation, and retention are already in place, simplifying the development process. The seller provides flexible parcel sizes, catering to various development needs. This strategic location benefits from proximity to numerous retail establishments, restaurants, and major employers. Further enhancing its appeal, a 200-unit townhome community is planned for the adjacent parcel, creating a synergistic environment. The asking price is $3,750,000. APN: 27-36-22-00-2. This is a rare chance to capitalize on the thriving Melbourne market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Melbourne
- County
- Brevard
- State
- Florida
- Longitude
- -80.7086
- Latitude
- 28.1205
