1240 S Wickham Rd Melbourne, FL 32904
For Sale
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This exceptional 2.57-acre commercial land parcel presents a lucrative investment opportunity in West Melbourne, Florida. Located on the highly visible northwest corner of Wickham Road and South Drive, this C-2 zoned property boasts significant frontage on both major thoroughfares: approximately 380 feet on Wickham Road and 270 feet on South Drive. The property's strategic location offers unparalleled access to high traffic counts (31,100 ADT on Wickham Road), placing your business within easy reach of a substantial customer base. Its proximity to key infrastructure, including Wuesthoff Hospital (1.5 miles south), US Highway 192 (0.5 miles north), and Interstate 95, ensures exceptional visibility and convenient access for employees and customers alike. US Highway 192 provides convenient access to the Atlantic Ocean to the east and the I-95 interchange to the west, offering easy commutes to Orlando, Kissimmee, and Disney. City of West Melbourne water and sewer services are readily available. The property's tax parcel ID is 2736 36 77 0000B.0 0006.00, with current real estate taxes totaling $9,027. Permitted commercial uses include wholesale, retail, office, automotive, hotel, restaurant, and dry cleaning, offering a wide range of development possibilities. This prime location and versatile zoning make this a truly exceptional investment opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C2 · West Melbourne, FLWest Melbourne. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.