Pad 6 St Johns Heritage Pkwy & Heritage Lk Blvd West Melbourne, FL 32904
This exceptional 1.74-acre commercial land parcel, located in West Melbourne, Florida (Brevard County, zip code 32904), presents a unique investment opportunity. Situated at the highly visible intersection of St. Johns Heritage Parkway and Heritage Lakes Boulevard (Pad 6), this Class A property boasts 75,794 square feet and benefits from a prime location within the thriving Heritage Lakes mixed-use development. The development includes a 150-unit single-family residential subdivision (currently 100% occupied) and a 374-unit multi-family apartment complex (currently leasing). This ensures a substantial and growing customer base for your retail venture. The property is zoned for Gateway Interchange West Melbourne and is offered fee simple. Existing tenants include nationally recognized brands such as Dollar General, Starbucks, Taco Bell, and Wawa, demonstrating the area's strong retail demand. The parcel's strategic placement at a soon-to-be signalized intersection provides excellent visibility and accessibility, ensuring ample ingress and egress for customers. This is a rare opportunity to acquire a well-located, high-demand retail property in a rapidly expanding area. The APN is 3027549. This property is for sale by owner.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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