580 Wickham RdMelbourne, FL 32904
- Office properties
- 6,189 SF
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 properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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