1550 Old Colonial Way Melbourne, FL 32935-5718
This exceptional 2,000-square-foot industrial warehouse, located at 1550 Old Colonial Way in Melbourne, Florida (32935), presents a compelling investment opportunity. Built in 1973, this metal building boasts an 18-foot ceiling height, providing ample vertical space for various uses. The property sits on a 0.45-acre lot and features three bay doors, enhancing accessibility and functionality. Its strategic location offers convenient access, situated centrally between the Pineda Causeway and the 192 Causeway, with frontage on US 1. Currently utilized as an automotive shop, the building is in good condition and equipped with city utilities. The property is being sold as-is, with the building only available for purchase. Note that the property is currently rented on a month-to-month basis. The annual property taxes are approximately $2,604. The parcel ID is 27-37-05-03-F-11. Construction details include an enamel steel exterior wall, a metal frame, and an enamel metal roof supported by a bar joist rigid roof structure. This property offers significant potential for a variety of businesses seeking a well-located, functional warehouse space.
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Autobahn Service & Restoration Auto Repair Shop
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
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Property description
Physical attributes from public recordsZoning & alternative use
CC1 · Melbourne, FLCosts & 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.