2255 Avocado AveMelbourne, FL 32935

Property Details for 2255 Avocado Ave

Year built

1963

Construction

FRAME

Lot size

1.98 AC

Property size (Sq ft)

990 SF

Zone code

M2

Property type

Office properties

Property subtype

Office buildings

APN

27-37-09-00-00526.0-0000.00

APU

9223372036854775807

Description

This exceptional 2.3-acre industrial property, located at 2255 Avocado Avenue in Melbourne, Florida, presents a unique investment opportunity. Zoned M2, this fully improved site boasts paved surfaces and secure fencing, ideal for various outdoor storage applications. Built in 1963, the property offers significant advantages due to its strategic location. Situated just west of US-1 and less than six miles from Interstate 95, it provides unparalleled access to major transportation arteries, making it perfect for businesses requiring convenient access to regional and national distribution networks. The property's ample space is suitable for heavy equipment storage, last-mile van parking, or other outdoor storage needs. The parcel number is 27-37-09-00-526. Currently, one space is available for lease within this multiple-tenancy property. This offering represents a rare chance to acquire a well-maintained, strategically located industrial site in a thriving area of Melbourne. The property's existing infrastructure minimizes upfront capital expenditures, allowing for immediate occupancy and operational efficiency. Its versatility makes it an attractive option for a wide range of businesses seeking secure and accessible outdoor storage solutions.

• CAP approach

  CAP return

  Valuation

  6%

  $272,092

  6.5%

  $251,162

  7%

  $233,222

• Comparable approach

  Method

  Valuation

  Relative Method

  $155,460

  Geo Method

  $155,460

• Alternative Use

  Use

  Valuation

  Residential

  $311,440

  Hospitality

  $285,278

  Educational

  $237,348

  Medical

  $245,511

  Retail

  $369,208

Location Insight

City

Melbourne

County

Brevard

State

Florida

Latitude

28.144

Longitude

-80.6363

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].