1291 Lake Washington Rd, Melbourne, FL 32935
For Sale
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This exceptional mixed-use property, located at 1291 Lake Washington Road in Melbourne, Florida (zip code 32935), presents a unique investment opportunity. The 1-story, 2005-built building sits on a substantial 81,892.8 square foot (.95 acre) corner lot, offering excellent visibility and accessibility. Currently configured as a non-operating car wash, the property features two drive-thru bays, four self-service bays, and four vacuum stations, providing a solid foundation for a revitalized car wash business. Alternatively, the versatile lot and high-traffic location, with two points of access and proximity to US Highway 1, lend themselves to a variety of other commercial ventures. The property's location within the bustling Lake Washington community in Brevard County guarantees a steady stream of potential customers. This is a rare chance to acquire a well-situated property with significant potential for growth and return on investment. The asking price is $1,000,000. The property consists of one unit.
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
M1 · Melbourne, FLMelbourne. 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.