820 Lincoln Ave Melbourne, FL 32901-4649
- Warehouses
- 2,320 SF
- 1.07 lot acres
Current Use by Public Records
- Baron Self Storage - Melbourne / Storage Facility / Self-Storage Facility
Property Details for 820 Lincoln Ave
- Year built
- 1979
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.07 lot acres
- Property size
- 2,320 SF
- Zone code
- C2
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 28-37-03-FC-00029.0-0002.00
- APU
- 283703FC000290000200
Description
This exceptional Melbourne, Florida warehouse property offers a fantastic investment opportunity. Comprising seven buildings totaling 21,940 square feet on a spacious 107-acre lot, this property boasts 94 individual warehouse suites available for lease. Unit sizes range from a minimum of 200 square feet to a maximum of 600 contiguous square feet, catering to diverse storage needs. Built in 1979 and extensively renovated in 2023, the property features concrete block construction and convenient roll-up doors for easy access. The property benefits from excellent street frontage along Fee Avenue (133 feet), Lincoln Avenue (193 feet), and Tangerine Street (70 feet), ensuring high visibility and accessibility. Located at 820 E Lincoln Ave, Melbourne, FL 32901, this C-1 zoned property enjoys a prime location, just blocks from downtown Melbourne and within easy reach of US1 and New Haven Avenue. The property's recent exterior painting enhances its curb appeal. The property's APN is 28-37-03-FC-29-2. This is an ideal location for businesses seeking flexible and conveniently located warehouse space in a thriving area. The property is zoned for Neighborhood Commercial District use.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,150,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,530,000
- 6.5%
- $1,445,000
- 7%
- $1,655,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,350,000
- Geo Method
- $1,630,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,260,000
- Retail
- $1,600,000
- Mixed-Use
- $1,410,000
- Hospitality
- $1,420,000
- Educational
- $1,330,000
- Residential Income
- $1,695,000
- Energy
- $1,610,000
- Income-Based Land
- $1,715,000
- Food Service
- $1,570,000
Location Insight
- Map
- Local Demand
- City
- Melbourne
- County
- Brevard
- State
- Florida
- Longitude
- -80.6065
- Latitude
- 28.0813
- CBSA code
- 37340
- CBSA name
- PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
