Entity Owned Property summary
The property consists of retail development outlots with multiple sites sized at approximately 1.78 acres (Lot 5) and 1.213 acres (Lot 5A). A third outlot (Lot 6), positioned adjacent to Orlando Health, is suited for development of up to a 3,100-square-foot medical office building, while Lot 4 is suitable for retail or restaurant development of approximately 5,000 square feet and may be configured for ground lease or build-to-suit use. The site is located adjacent to Holy Trinity Episcopal Academy and benefits from road frontage with an estimated combined traffic count of 81,000 vehicles per day. The location is about 3.4 miles east of Viera’s Village 2, near a master-planned community with more than 37,000 residents and approximately 15,000 homes, and is approximately 2.4 miles from Eastern Florida State College (serving more than 19,000 students), with proximity to beach areas and the Patrick Space Force Base residential community.
Property profile
VerifiedCap rate & NOI
Current use
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College Business School
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The provisions of this district are intended to apply to an area intended to be developed and preserved as a major commercial center serving the commercial needs of the community and region as well as the motoring public…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C2 · Melbourne, FLThe provisions of this district are intended to apply to an area intended to be developed and preserved as a major commercial center serving the commercial needs of the community and region as well as the motoring public…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The provisions of this district are intended to apply to an area intended to be developed and preserved as a major commercial center serving the commercial needs of the community and region as well as the motoring public…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C2 in Melbourne, FL.
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