Property summary
This exceptional Class A, 40,000-square-foot industrial/office property, situated on 3.34 acres in Brevard County's Space Coast submarket, offers a unique opportunity. Currently, 31,000 square feet of flexible space is available for lease, divisible into units as small as 11,000 square feet and expandable up to a contiguous 31,000 square feet. The single-story, 1986-built building boasts a 15' 8" ceiling height (floor to bottom of truss), six drive-in doors, and five 12' x 12' grade-level doors, plus one 10' wide x 9' tall door. The property features 87 paved, striped, and lighted parking spaces. Utilities include 3-phase FPL power, city water, and sewer. The building is 100% HVAC and fire sprinklered. Zoned M-1, the property offers excellent visibility with 468 feet of frontage on Penn Street, easily accessible from Gateway Drive. Potential tenants will find a variety of configurations possible, including office, manufacturing, and warehouse space. One unit offers approximately 20,000 square feet, combining office, manufacturing, and warehouse areas. Another unit provides approximately 11,000 square feet of warehouse space with a concrete floor. Landlord may offer tenant improvement allowances, subject to lease terms and tenant credit. This property is ideal for businesses seeking versatile and well-equipped space in a prime location.
Property profile
VerifiedCap rate & NOI
Current use
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Auto Repair Shop (Bike/Boat/Book/etc) Store
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Medical Clinic
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Construction Company General Contractor
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Foster Care Service Social Service Agency
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Physician
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The provisions of this district are intended to apply to an area located in close proximity to rail, air or major roadway facilities and which can serve intensive commercial uses and light manufacturing, warehousing, dis…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
M1 · Melbourne, FLThe provisions of this district are intended to apply to an area located in close proximity to rail, air or major roadway facilities and which can serve intensive commercial uses and light manufacturing, warehousing, dis…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The provisions of this district are intended to apply to an area located in close proximity to rail, air or major roadway facilities and which can serve intensive commercial uses and light manufacturing, warehousing, dis…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for M1 in Melbourne, FL.
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