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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

Pad 3 St Johns Heritage Pkwy & Heritage Lk Blvd West Melbourne, FL 32904

94,089 SF 2.16 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 2.16-acre commercial land parcel, located at the highly visible intersection of St. Johns Heritage Pkwy and Heritage Lakes Blvd in West Melbourne, Florida (zip code 32904), presents a unique investment opportunity. The property, identified by APN 3027549, is offered fee simple and boasts a total of 94,089 square feet. Currently occupied by a diverse mix of established national tenants including Dollar General, Starbucks, Taco Bell, and Wawa, this Class A property benefits from its strategic location within the 280+-acre Heritage Lakes mixed-use development. This development includes a 150-unit single-family residential subdivision (The Dunes at Heritage Lakes, currently 100% occupied) and a 374-unit multi-family apartment complex (Eden Apartments, currently leasing phase 1). The property's zoning, Gateway Interchange West Melbourne, allows for a variety of uses. The site is situated at a soon-to-be signalized intersection, ensuring excellent visibility and accessibility for businesses. Abundant ingress and egress points further enhance its appeal. This prime retail location offers significant potential for investors seeking a high-return, multi-tenant property in a rapidly growing area of West Melbourne. The property's strong tenant mix and strategic placement within a thriving mixed-use development make it an exceptional investment opportunity.

Property profile
Verified
Property type Retail properties & Spaces
Total area 94,089 SF
Lot 2.16 ac (94,090 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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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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