Pad 3 St Johns Heritage Pkwy & Heritage Lk Blvd West Melbourne, FL 32904
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.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.