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Property profile & analytics
OFF-MARKET
Commercial real estate

3235 Aurora Rd Melbourne, FL 32934

Property ID
US18-6979601
Property summary
AI-generated overview

This exceptional 43,560 square foot commercial lot in Melbourne, Florida (zip code 32934) presents a unique investment opportunity. Located near I-95, this property boasts convenient access to the Eau Gallie Arts District and nearby beaches. Zoned EU-2, the land allows for diverse development options, including a single-family home (minimum 1,500 sq ft) and a guest house (minimum 750 sq ft), or a modular home on a concrete slab. The property features 98.28 feet of road frontage on Aurora Road and enjoys added privacy by backing onto Hopkins Canal. A shared pond with an adjacent church is situated at the southern end of the property. Existing mature fruit trees, including mango, coconut, papaya, passionfruit, banana, and cashew, enhance the natural beauty of the site. Public water and sewer connections are readily available. Beyond residential development, the zoning also permits uses such as a private golf course or foster home, making this a versatile property ideal for a nature-lover's sanctuary or a savvy investor seeking diverse development potential. The asking price is $245,000.

Property profile
Verified
Property type Commercial real estate
UPID US18-6979601
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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