1765 New Hvn Ave West Melbourne, FL 32904-3909
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.
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
C2 · West Melbourne, FLWest Melbourne. 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.