1800 Penn StMelbourne, FL 32901

Property Details for 1800 Penn St

Year built

1986

Construction

CONCRETE

Lot size

3.34 AC

Property size (Sq ft)

41,079 SF

Zone code

M1

Property type

Warehouses

APN

27-37-32-50-00000.0-0003.00

APU

9223372036854775807

Description

This exceptional Class A, 40,000-square-foot industrial/office property, situated on 3.34 acres in Brevard County's Space Coast submarket, offers a unique opportunity. Currently, 31,000 square feet of flexible space is available for lease, divisible into units as small as 11,000 square feet and expandable up to a contiguous 31,000 square feet. The single-story, 1986-built building boasts a 15' 8" ceiling height (floor to bottom of truss), six drive-in doors, and five 12' x 12' grade-level doors, plus one 10' wide x 9' tall door. The property features 87 paved, striped, and lighted parking spaces. Utilities include 3-phase FPL power, city water, and sewer. The building is 100% HVAC and fire sprinklered. Zoned M-1, the property offers excellent visibility with 468 feet of frontage on Penn Street, easily accessible from Gateway Drive. Potential tenants will find a variety of configurations possible, including office, manufacturing, and warehouse space. One unit offers approximately 20,000 square feet, combining office, manufacturing, and warehouse areas. Another unit provides approximately 11,000 square feet of warehouse space with a concrete floor. Landlord may offer tenant improvement allowances, subject to lease terms and tenant credit. This property is ideal for businesses seeking versatile and well-equipped space in a prime location.

• Alternative Use

  Use

  Valuation

  Residential

  $12,922,891

  Hospitality

  $11,837,299

  Educational

  $9,848,494

  Medical

  $10,187,199

  Retail

  $15,319,879

Location Insight

City

Melbourne

County

Brevard

State

Florida

Latitude

28.0888

Longitude

-80.6519

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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