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Property profile & analytics
OFF-MARKET
Commercial land

1765 New Hvn Ave West Melbourne, FL 32904-3909

1,170 SF 0.28 ac lot Built 1959
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US18-0134923
Property summary
AI-generated overview

This exceptional 17.43-acre commercial property in Brevard County, Florida, presents a remarkable development opportunity. Located at 1765 W New Haven Ave, Melbourne, FL 32904 (APN 28-37-05-00-503), this C-1 zoned land boasts a highly desirable location directly across from the Melbourne Mall, only 0.35 miles from the Melbourne Airport, and a short 5-minute drive to the beaches. The property's strategic position within the New Haven Corridor capitalizes on the significant population growth and housing shortage impacting the region. While currently zoned for commercial use, preliminary discussions with city planners suggest potential flexibility for mixed-use or multi-family developments, aligning with Melbourne's strong demand for diverse development projects. The Space Coast's robust economy, characterized by low operating costs, attractive incentives, and a skilled workforce, further enhances the investment potential. This area is recognized for its high concentration of high-tech industries and strong wage growth, making it an ideal location for various commercial ventures. This is a rare opportunity to acquire a substantial parcel of land in a thriving Florida market. Don't miss this chance to secure a prime piece of the Space Coast's future.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1959
Total area 1,170 SF
Lot 0.28 ac (12,197 SF)
Zoning code C2
APN 28-37-05-00-00503.0-0000.00
UPID US18-0134923
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
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Owner & transaction history
1765 W New Haven LLC · 7 yrs held
1765 W New Haven LLC
since 2018
5 recorded transactions
2018
$500,000
2010
Price N/A
2010
Price N/A
2009
Price N/A
2005
$416,700
Zoning & alternative use
C2 · West Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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