1831 Penn St Melbourne, FL 32901-2617
This exceptional 2.67-acre industrial land parcel presents a unique build-to-suit opportunity in Melbourne, Florida. Located at 1831 Penn St, this single-tenant site boasts an estimated 299 feet of frontage on Penn Street and a maximum depth of approximately 406 feet. The property is zoned M-1 (City of Melbourne Light Industrial), allowing for a variety of uses including light manufacturing, assembly, office space, and warehousing. Conveniently situated between NASA Boulevard and Hibiscus Boulevard, this location offers easy access to major transportation arteries such as Interstate 95, US Highway 1, and US 192. Its proximity to Melbourne International Airport, L3Harris, Northrop Grumman, and other significant employers in the Space Coast submarket makes it an ideal location for businesses seeking a strategic advantage. Nearby utilities include city water and sewer, FPL electric, and fiber optic access. Lease rates will be determined based on lease terms and tenant creditworthiness. This is an exceptional opportunity to establish your business in a thriving, high-demand area. The APN is 27-37-32-50-*-5, Brevard County.
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.
No recorded transactions found for this property.
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.