Us-192 & St Johns Heritage Pkwy Melbourne, FL 32904
- Mixed-use properties
- 350,000 SF
- 225.00 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for Us-192 & St Johns Heritage Pkwy
- Lot size
- 225.00 lot acres
- Property size
- 350,000 SF
- Property type
- Mixed-use properties
Description
This exceptional mixed-use development, situated at the high-traffic intersection of US-192 (Space Coast Pkwy) and St. Johns Heritage Pkwy in Melbourne, Brevard County, Florida (zip code 32904), offers a unique investment opportunity. Phase 1 is now open, featuring new retail spaces, and additional multifamily parcels are currently under construction, slated for completion in 2024. The project encompasses a substantial 225-acre site, boasting a total of 350,000 square feet of retail space, including 50,000 square feet dedicated to a grocery store. A significant component of the development is the planned multifamily housing, with 900 units currently under development and a potential for up to 2,184 units in the future. Further expansion plans include over 500,000 square feet of proposed office space and up to 300 hotel rooms. Strategically located with excellent visibility from the Interstate, Space Coast Town Center is designed to serve the daily needs of the local workforce, nearby residents, and the broader Space Coast market, capitalizing on the area's thriving high-tech and STEM job sectors. This development presents a compelling opportunity to participate in a rapidly growing area with strong potential for long-term appreciation.
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
- -80.7155
- Latitude
- 28.0788
