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Property profile & analytics
OFF-MARKET
Industrial land

1831 Penn St Melbourne, FL 32901-2617

2.67 ac lot
Entity Owned Absentee Owner Free & Clear
Property ID
US18-3291531
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 2.67 ac (116,305 SF)
Zoning code M1
APN 27-37-32-50-00000.0-0005.00
UPID US18-3291531
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
HENDERSON HOLDING CO INC
HENDERSON HOLDING CO INC
Zoning & alternative use
M1 · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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