Property profile

2395 Minton Rd West Melbourne, FL 32904

FOR SALE
Commercial land
Property ID
US18-0013645
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2395 Minton Rd, West Melbourne, FL 32904 For Sale
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2395 Minton Rd, West Melbourne, FL 32904
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Property summary

AI-generated overview

Property Description: This prime commercial corner is ready for commercial development, with a total of 6.21 +/- vacant land acres • The parcel is on a with 325' +/- of Minton Rd frontage and 740' +/- Heritage Oaks Blvd frontage. • The traffic count on this bustling stretch of Minton Road reflects 33,100 cars passing daily. • PID#: 2837 07 00 00253.0 0000.00 • Tax ID: 2858404 / RE Tax: $8,379.15 • There is an approved Memory Care facility in the process of being constructed directly adjacent to the parcel at the Minton Road and Henry Avenue signalized intersection. • Prime corner for commercial development 6.21 +/- acres with 350'' +/- Minton Road frontage and 740'' +/- Heritage Oaks Blvd frontage. • Mitigation for wetlands is paid for. • City of West Melbourne Water and Sewer Available - water line is installed at the east border of the property. • West Melbourne Zoning: C-P Commercial Parkway • Land Use: Commercial / Retail / Office / Automotive / Hotel /Restaurant / Nightclubs / Multi-family /Concept plan in file for 53,000 sf of offices/retail plus five outparcels / Minton Rd traffic count 34,160 ADT • Sawgrass Lakes received its preliminary plat approval in 2013 for a 933-lot residential subdivision. It is slightly over 500 acres in size. DR Horton is the builder who constructed the extension of Norfolk Parkway west of Minton Road and Norfolk Parkway The subject property is located in West Melbourne, Brevard County, Florida on the NE corner of Minton Road and Heritage Oaks Boulevard, next to the West Melbourne Post Office. Minton Road is a major North/South artery that runs from US Highway 192 South to Southeast Palm Bay and North of US 192 flows into Wickham Road, a high traffic corridor that travels to the high growth golf communities of Suntree/Viera to intersect with Interstate 95. The site is a half mile south of US Highway 192 (New Haven Avenue), a major East/West artery and prime commercial corridor and Causeway access to the Ocean to the East and Interstate 95 Interchange to the West as well as an alternate route to Orlando/Kissimmee/ Disney.

Property profile

Verified
Property type Commercial land
UPID US18-0013645

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2395 Minton Rd West Melbourne, FL 32904
West Melbourne metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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