1865 Wickham RdMelbourne, FL 32935

Property Details for 1865 Wickham Rd

Year built

1962

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.42 AC

Property size (Sq ft)

9,984 SF

Zone code

C2

Property type

Retail properties

Property subtype

Strip malls

APN

27-37-18-26-0000A.0-0006.00

APU

273718260000A0000600

Description

This exceptional commercial property, located at 1865 N Wickham Rd, Melbourne, FL 32935, presents a lucrative investment opportunity. The 9,800 square foot building, constructed in 1963, sits on a 0.42-acre lot and features three separate buildings. The property boasts a diverse income stream, combining three street-facing retail/office units totaling 2,281 square feet with 41 climate-controlled mini-storage units encompassing 7,319 square feet. The mini-storage units offer 24-hour customer access via pedestrian doors. The building's 9.6-foot ceiling height adds to its functionality. This established business, held under a Family Trust ownership, offers long-term tenants and multiple income streams, making it an ideal investment for those seeking a stable and profitable venture in a desirable Brevard County location. The property's prime location on Wickham Road ensures high visibility and accessibility. This is a rare opportunity to acquire a well-established, multi-faceted commercial property with significant potential for growth and return on investment. The asking price is $999,000.

• CAP approach

  CAP return

  Valuation

  6%

  $4,033,687

  6.5%

  $3,723,403

  7%

  $3,457,446

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,950,824

  Geo Method

  $3,950,824

• Alternative Use

  Use

  Valuation

  Residential

  $3,140,830

  Hospitality

  $2,876,983

  Educational

  $2,393,616

  Medical

  $2,475,936

  Retail

  $3,723,403

Location Insight

City

Melbourne

County

Brevard

State

Florida

Latitude

28.1375

Longitude

-80.6713

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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