580 Wickham RdMelbourne, FL 32904

Property Details for 580 Wickham Rd

Year built

1999

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.03 AC

Property size (Sq ft)

6,189 SF

Zone code

CP

Property type

Office buildings

APN

27-36-24-00-00768.0-0000.00

APU

9223372036854775807

Description

This exceptional 8,034-square-foot flex space industrial building, situated on a 0.96-acre lot at 580 S Wickham Road in Melbourne, Florida (32904), presents a compelling investment opportunity. The property, built in 1980 and boasting a 14-foot ceiling height, is currently zoned M2 - General Industrial, offering significant potential. The building features ten bay doors, with six bays equipped with roll-up doors on each side, along with dedicated showroom and office areas. Its current use as a transmission shop highlights its adaptability. Conveniently located near Ellis Road, providing quick access to I-95, and in close proximity to Melbourne International Airport, this property benefits from excellent accessibility. The property is part of a Community Redevelopment Area (CRA) designated within the "Horizon 2030 Comprehensive Plan," presenting opportunities for future infill and redevelopment within the West Melbourne Opportunity Area. The asking price is $2,100,000. While some equipment may be included in the sale, the building is available for purchase only. The APN is 27-36-36-00-14. This is a rare chance to acquire a well-positioned industrial property with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,700,986

  6.5%

  $1,570,141

  7%

  $1,457,988

• Comparable approach

  Method

  Valuation

  Relative Method

  $971,859

  Geo Method

  $971,859

• Alternative Use

  Use

  Valuation

  Residential

  $1,946,975

  Hospitality

  $1,783,418

  Educational

  $1,483,783

  Medical

  $1,534,813

  Retail

  $2,308,107

Location Insight

City

Melbourne

County

Brevard

State

Florida

Latitude

28.1158

Longitude

-80.6732

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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