360 Stan Dr Melbourne, FL 32904-1096

This exceptional 14,400-square-foot multi-tenant warehouse in Melbourne, Florida, presents a compelling investment opportunity. Built in 1987 and situated on a one-acre lot (14,400 sq ft), this property boasts a newly replaced roof (2023) and features six 2,400-square-foot bays, each with a 10x10 ground-level bay door, an office space (approximately 250-500 sq ft, except Unit F), and a bathroom. The building offers 12-foot ceiling heights, 480V 3-phase power, and 24 parking spaces distributed among the units (currently four spaces per unit). Conveniently located on Stan Drive, this property benefits from its proximity to major roadways, including the new Ellis Road/I-95 interchange, and is zoned M-1 Industrial by the City of Melbourne. Four units (A, C, D, F totaling 9,600 sq ft) are currently occupied, with vacancies anticipated by October 1, 2024. The remaining two units (B and E, 2,400 sq ft each) are on a month-to-month lease. The property is offered for sale at $2,100,000 ($145.83/sq ft land value) or lease at $12 per square foot. The owner currently covers water, landscaping, property taxes, and building insurance. A property video is available. Updated interior photos will be provided upon tenant vacancy.