1801 Penn St, Melbourne, FL 32901
- Warehouses
- 37,462 SF
- 3.92 lot acres
Current Use by Public Records
- Solis Emergency Furnace Repair / Big Box & Wholesale Store / Building Supply
- CTG / (Bike/Boat/Book/etc) Store / Corporate Office
- Gauzy / Industrial Manufacturer / Production Facility
- Subaru training center / Association / Organization
- Adma Wilson-Romans / Physician
Property Details for 1801 Penn St
- Year built
- 1989
- Construction
- CONCRETE
- Lot size
- 3.92 lot acres
- Zone code
- M1
- Property type
- Warehouses
- APN
- 27-37-32-50-00000.0-0004.00
- APU
- 9223372036854775807
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jun 22, 2016 | — | Henderson Penn Cort Associates II L | — | Deed · related | $2.2M · Voya Retirement Insurance And Annuity Co |
| May 1, 2014 | $866,208 | Penn Court Assocs Henderson II | Henderson Holding Co INC | Warranty Deed | — |
| — | — | Penn Court Assocs Henderson II | — | Loan Modification · related | $2M · Standard Insurance Co |
| — | — | Henderson Penn Court Associate | — | Deed Of Trust · related | $1.4M · Henderson Krauss Joint Venture |
Description
This exceptional commercial property, located at 1801 Penn Street in Melbourne, Florida, offers 3,292 square feet of vacant space within a larger 36,250 square foot building. Situated on a 3.92-acre lot with 265 feet of frontage on Penn Street and convenient access to Gateway Drive, this Class A property boasts a prime location. Built in 1989, the building features one suite, currently available for lease. The space includes concrete flooring, exposed ceilings reaching 15 feet high (measured from floor to the bottom of the steel truss), and estimated dimensions of approximately 50 feet wide by 65 feet deep. Its strategic location offers easy access to Melbourne International Airport, major employers like Northrop Grumman, L3Harris, and GE, making it highly attractive for businesses seeking a prominent presence in the Space Coast submarket. The property's M-1 zoning allows for a variety of uses, including high-tech, office, engineering, and R&D. A tenant improvement allowance may be available, contingent upon lease terms and tenant creditworthiness. The property's APN is 27-37-32-50-00000.0-0004.00, and it's located in Brevard County, Florida, zip code 32901.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,300,000
- 6.5%
- $3,970,000
- 7%
- $3,685,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $3,020,000
Market price range: $982k - $3.14M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $4,840,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Melbourne
- County
- Brevard
- State
- Florida
- Longitude
- -80.651
- Latitude
- 28.0876
- CBSA code
- 37340
- CBSA name
- PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
