1478 Aurora Rd Melbourne, FL 32935-5382
- Strip malls
- 4,140 SF
- 0.34 lot acres
Current Use by Public Records
- Novello's barbershop / Barber Shop
Property Details for 1478 Aurora Rd
- Year built
- 1982
- Construction
- STEEL FRAME
- Lot size
- 0.34 lot acres
- Property size
- 4,140 SF
- Zone code
- C1
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 27-37-17-00-00769.0-0000.00
- APU
- 9223372036854775807
Description
This exceptional retail property, located at 1478 Aurora Rd in Melbourne, Florida, presents a fantastic opportunity for businesses seeking high visibility and convenient access to a thriving commercial hub. The single-story building, constructed in 1982, offers a total of 4,140 square feet, with 750 square feet currently available for lease. The spacious, open layout of the vacant unit is ideal for a variety of retail uses, such as a salon or smaller retail establishment. The property sits on a substantial 34 acres of land and is zoned C1, providing flexibility for potential future development. Its strategic location on Aurora Road ensures excellent visibility to high traffic volume, maximizing exposure for any tenant. The property benefits from its proximity to Melbourne International Airport and major employers like Northrop Grumman and L3 Harris, guaranteeing a strong customer base. Furthermore, its location near Wickham Road, a prominent retail corridor in Brevard County, provides easy access to a diverse range of retail and dining options, enhancing the overall appeal and convenience for both businesses and customers. The property's Brevard County location (APN: 27-37-17-00-769) offers a dynamic and growing market for businesses seeking a strategic location in a vibrant commercial district. This is a rare opportunity to secure a prime retail space in a high-traffic area with excellent access to major transportation routes and a strong local economy.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $260,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $235,000
- 6.5%
- $230,000
- 7%
- $245,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $260,000
- Geo Method
- $280,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $220,000
- Retail
- $205,000
- Mixed-Use
- $265,000
- Hospitality
- $270,000
- Educational
- $265,000
- Residential Income
- $220,000
- Energy
- $215,000
- Income-Based Land
- $255,000
- Food Service
- $235,000
Location Insight
- Map
- Local Demand
- City
- Melbourne
- County
- Brevard
- State
- Florida
- Longitude
- -80.6441
- Latitude
- 28.1352
- CBSA code
- 37340
- CBSA name
- PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA