This exceptional 17.43-acre commercial property in Brevard County, Florida, presents a remarkable development opportunity. Located at 1765 W New Haven Ave, Melbourne, FL 32904 (APN 28-37-05-00-503), this C-1 zoned land boasts a highly desirable location directly across from the Melbourne Mall, only 0.35 miles from the Melbourne Airport, and a short 5-minute drive to the beaches. The property's strategic position within the New Haven Corridor capitalizes on the significant population growth and housing shortage impacting the region. While currently zoned for commercial use, preliminary discussions with city planners suggest potential flexibility for mixed-use or multi-family developments, aligning with Melbourne's strong demand for diverse development projects. The Space Coast's robust economy, characterized by low operating costs, attractive incentives, and a skilled workforce, further enhances the investment potential. This area is recognized for its high concentration of high-tech industries and strong wage growth, making it an ideal location for various commercial ventures. This is a rare opportunity to acquire a substantial parcel of land in a thriving Florida market. Don't miss this chance to secure a prime piece of the Space Coast's future.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$368,066
Hospitality
$337,146
Educational
$280,502
Medical
$290,149
Retail
$436,336
Location Insight
City
West Melbourne
County
Brevard
State
Florida
Latitude
28.0773
Longitude
-80.6498
CBSA code
37340
CBSA name
PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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