1270 N Wickham Rd, Melbourne, FL 32935
- Retail space
- 60,945 SF
- 15.97 lot acres
Current Use by Public Records
- Old Time Pottery / Discount Store
- D Bell General Contracting LLC / Construction Company / General Contractor
- Trevor Baggette Custom Coating, INC. / Painting
- Subway / Take-out & Catering
- Commercial Health & Exercise / Big Box & Wholesale Store
Property Details for 1270 N Wickham Rd
- Year built
- 1988
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 15.97 lot acres
- Zone code
- CP
- Property type
- Retail space
- APN
- 27-36-24-00-00001.0-0000.00
- APU
- 9223372036854775807
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 7, 2022 | $11,975,000 | T Melbourne Village LLC | Melbourne Station LLC | Special Warranty Deed | $9.5M · Frost Bank |
Description
This exceptional 3,500 square foot lot, located at 1270 N Wickham Rd in Melbourne, Florida (zip code 32935), presents a prime retail investment or development opportunity. Situated within the thriving Melbourne Village Plaza, this Class B outparcel boasts a permitted zoning of CP-Commercial Parkway, allowing for a variety of commercial uses. The existing zoning permits the construction of either a 4,000 square foot freestanding building or a 3,500 square foot building incorporating a drive-thru. This versatile space is ideal for a range of businesses seeking high visibility and convenient access. The property's strategic location within Melbourne Village Plaza, anchored by established tenants such as Staples, Old Time Pottery, Dollar Tree, and Anytime Fitness, ensures significant foot traffic and brand recognition. The total square footage available is 15,881 square feet, offering ample space for development. Built in 1988, this property presents a chance to capitalize on a well-established location with significant growth potential. The lease type is NNN, offering a streamlined and efficient ownership structure. This is a rare opportunity to acquire a highly desirable retail property in a bustling Brevard County location. Don't miss this chance to secure a prime piece of Melbourne real estate.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $10,470,000
- ML approach
- $10,080,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $11,710,000
- 6.5%
- $10,810,000
- 7%
- $10,040,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $10,472,000
- AI Estimate
- $10,545,000
Market price range: $4.71M - $10.5MMarket price range: $2.81M - $10.5M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $8,900,000 Current use
- OFFICE BUILDING
- $16,905,000 Change: +90% Conversion: Easy
- AUTO REPAIR, GARAGE
- $13,620,000 Change: +53% Conversion: Difficult
- MEDICAL BUILDING
- $9,750,000 Change: +10% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $8,345,000 Change: -6% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Melbourne
- County
- Brevard
- State
- Florida
- Longitude
- -80.6737
- Latitude
- 28.1269
- CBSA code
- 37340
- CBSA name
- PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
