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Property profile & analytics
FOR SALE
Commercial land

1240 S Wickham Rd Melbourne, FL 32904

1,008 SF 2.57 ac lot Built 1951
Entity Owned 19-yr Hold Absentee Owner Free & Clear
Property ID
US18-0101888
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1951
Total area 1,008 SF
Lot 2.57 ac (111,949 SF)
Zoning code C2
APN 27-36-36-77-0000B.0-0006.00
UPID US18-0101888
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Brevard County · 19 yrs held
Brevard County
since 2006
3 recorded transactions
2007
Price N/A
2006
$4,900
2004
$580,000
Zoning & alternative use
C2 · West Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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