1600 Wickham Rd Melbourne, FL 32904
- Grocery and convenience stores
- 1,500 SF
- 0.92 lot acres
Current Use by Public Records
- Mimmo's Pizza Ristorante / Pizza Restaurant / Restaurant
- Petro Star Investments Llc / Investment Service
- bp / Car Wash / Gas Station
- LibertyX Bitcoin ATM / Atm
- ATM / Atm
Property Details for 1600 Wickham Rd
- Year built
- 1984
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.92 lot acres
- Property size
- 1,500 SF
- Zone code
- BU-1
- Property type
- Grocery and convenience stores
- APN
- 27-36-13-00-00750.0-0000.00
- APU
- 9223372036854775807
Description
This exceptional West Melbourne retail property, located at 1600 S Wickham Road, 32904, presents a unique investment opportunity. The single-story, 1,699 sq ft building sits on a 0.44-acre lot (17,859.6 sq ft), built in 1985. Currently operating as a charming Italian restaurant, the property features a recently remodeled interior with elegant marble countertop tables, new AC units, and a new walk-in cooler. An additional 0.33-acre parcel is available for expansion, offering potential for increased parking or other business enhancements. The inviting space also includes a 164 sq ft open porch, ideal for outdoor dining. A robust security system is in place. The current tenant pays a base rent of $3,000 plus NNN. This property is situated in a high-traffic area of West Melbourne, Florida, making it an attractive investment for both established and aspiring business owners. The asking price is $1,000,000.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,185,000
- ML approach
- $1,180,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $859,000
Market price range: $397k - $860k
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Location Insight
- Map
- Local Demand
- City
- Melbourne
- County
- Brevard
- State
- Florida
- Longitude
- -80.6722
- Latitude
- 28.1332
- CBSA code
- 37340
- CBSA name
- PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA