1944 Aurora RdMelbourne, FL 32935

Property Details for 1944 Aurora Rd

Year built

1954

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.46 AC

Property size (Sq ft)

1,612 SF

Zone code

BU-2

Property type

Retail properties

Property subtype

Other automotive properties

APN

27-37-17-30-0000A.0-0018.00

APU

273717300000A0001800

Description

This exceptional 0.46-acre commercial land parcel at 1944 Aurora Road, Melbourne, FL 32935, presents a unique investment opportunity. The property boasts a 1,612 square foot building featuring seven offices, perfect for a variety of businesses. The building includes two suites and a fully equipped kitchen, offering convenience and functionality. Previously used as a car lot, the ample space is well-suited for similar ventures or adaptable to other commercial uses. The property's zoning, BU2, allows for a wide range of licensed businesses. Its prime location on a main road in Melbourne ensures high visibility and accessibility, making it an attractive proposition for entrepreneurs seeking a thriving commercial space. The APN is 27-37-17-30-0000a.0-0018.00. This single-tenant property offers a turnkey solution for businesses looking to establish or expand their operations in a dynamic and desirable area of Melbourne, Florida. The existing building has been remodeled, offering a modern and functional workspace. Don't miss this chance to secure a prominent commercial location with significant potential.

• CAP approach

  CAP return

  Valuation

  6%

  $651,272

  6.5%

  $601,174

  7%

  $558,233

• Comparable approach

  Method

  Valuation

  Relative Method

  $637,894

  Geo Method

  $637,894

• Alternative Use

  Use

  Valuation

  Residential

  $507,113

  Hospitality

  $464,513

  Educational

  $386,469

  Medical

  $399,761

  Retail

  $601,174

Location Insight

City

Melbourne

County

Brevard

State

Florida

Latitude

28.1364

Longitude

-80.653

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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