1801 Penn St Melbourne, FL 32901
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.
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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
M1 · Melbourne, FLMelbourne. 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.