Property profile

559 La Veta Dr Melbourne, FL 32904

OFF-MARKET
Land
Property ID
US18-6823019
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Property summary

AI-generated overview

This exceptional 14,375 square foot lot, located at 559 La Veta Drive in West Melbourne, Florida, presents a unique opportunity for development. Zoned for both commercial and residential use, this property offers incredible versatility. The asking price is $49,900. Situated in Brevard County, with a zip code of 32904, the lot's coordinates are 28.068886 latitude and -80.675641 longitude. This land is currently part of a construction package and is not sold separately. Prospective buyers are required to contract with Armstrong Custom Homes for the construction of their home on this property. The property is ideal for those seeking to build a custom home in a desirable West Melbourne location, while also benefiting from the commercial zoning potential. The expansive lot size provides ample space for a substantial residence and potentially associated commercial ventures, subject to local zoning regulations and approvals. This presents a rare chance to acquire a prime piece of land in a growing area of Florida. Serious inquiries are encouraged to explore this exciting opportunity further. Please note that the property is only available as part of a construction package with Armstrong Custom Homes.

Property profile

Verified
Property type Land
UPID US18-6823019

Cap rate & NOI

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

Location

559 La Veta Dr Melbourne, FL 32904
Melbourne metro
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Value estimations

Realmo proprietary · 4 methods
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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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