2447 N Wickham Rd, Melbourne, FL 32935
- Strip malls
- 67,157 SF
- 15.15 lot acres
Current Use by Public Records
- Thai Thai Restaurant / Restaurant
- Kumar Sadah Pa / Dental Office
- Clubhouse Cuts / Barber Shop
- Raul Rivera Barber-2RB @ClubHouse Cuts / Barber Shop
- Harbor City Salon / Hair Salon
Property Details for 2447 N Wickham Rd
- Year built
- 1982
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 15.15 lot acres
- Zone code
- CC1
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 27-37-07-00-00508.0-0000.00
- APU
- 9223372036854775807
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 10, 2018 | $1,150,000 | Space Coast Cu | Lake Washington Square LLC | Grant Deed | — |
| Sep 14, 2006 | $310,800 | Abs Fla Lease Investor LLC | Albertsons LLC | Deed Of Trust · related | $1,689.3M · Greenwich Capital Fin'l INC |
| Jan 3, 2003 | $6,150,000 | Weingarten Nostat INC | Lake Washington Square Ltd | Grant Deed | — |
| Sep 11, 2001 | — | Brevard County (fl) | Lewis,roger V & Michele E | Grant Deed · related | — |
| Jun 8, 1998 | $5,800,000 | Lake Washington Square Ltd | Lake Washington Square LP | Grant Deed · related | $6M · Wells Fargo Bank |
| — | — | Abs Fla Lease Investor LLC | — | Deed Of Trust · related | $6.1M · Greenwich Capital Fin'l INC |
Description
Lake Washington Square, a single-story, 112,057 square foot retail strip center located at 2447 N Wickham Rd, Melbourne, FL 32935, presents a compelling investment opportunity. Built in 1982 and renovated in 2014, this property sits on a sizable 15.15-acre lot and boasts a convenient 4.18 parking spaces per 1,000 square feet. Currently featuring two suites, one of which is a 6,270 square foot space available for lease, the center benefits from its high-traffic location in the Melbourne submarket of Brevard County. The property is zoned CC1, providing flexibility for a variety of retail uses. Its prime location on Wickham Road ensures excellent visibility and accessibility for customers. The existing tenant base contributes to a thriving retail environment, making this a strong investment prospect for those seeking a well-established, high-traffic retail center in a desirable Florida location. The property's size and configuration offer potential for expansion or redevelopment, subject to local zoning regulations. This is a second-generation restaurant space with excellent frontage on Wickham Road. The property's history of successful tenancy and its strategic location make it an attractive option for both investors and potential tenants.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $6,575,000
Market price range: $2.71M - $6.58M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $9,195,000 Current use
- AUTO REPAIR, GARAGE
- $15,005,000 Change: +63% Conversion: Difficult
- MEDICAL BUILDING
- $10,745,000 Change: +17% Conversion: Difficult
- RETAIL STORES
- $9,810,000 Change: +7% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Melbourne
- County
- Brevard
- State
- Florida
- Longitude
- -80.6696
- Latitude
- 28.1457
- CBSA code
- 37340
- CBSA name
- PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
