605 Wickham RdWest Melbourne, FL 32904

Property Details for 605 Wickham Rd

Year built

1999

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.38 AC

Property size (Sq ft)

3,097 SF

Zone code

C2

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

27-36-36-00-00007.0-0000.00

APU

9223372036854775807

Description

This exceptional 2,989-square-foot commercial property, formerly a 7-Eleven, presents a unique investment opportunity in West Melbourne, Florida. Located on Wickham Road, a major arterial with an impressive 25,500 average annual daily traffic (AADT), this single-tenant building boasts high visibility and accessibility. The property sits on a 1.38-acre lot, offering ample space for potential expansion or future development. The existing structure is a durable concrete block and steel construction. Ideal for a variety of uses, including retail, office, or restaurant, the building features a substantial 750-gallon grease trap, a large walk-in cooler and freezer, perfect for food service businesses. Previous fuel tanks and canopy have been removed, simplifying redevelopment plans. The property benefits from its location in a densely populated residential area and its proximity to major employers like L3 Harris and Northrup Grumman, ensuring a strong potential customer base. This versatile property offers significant upside potential for a savvy investor seeking a prime location in a thriving market. The property is zoned for office use and is ready for immediate occupancy or redevelopment. The ample land provides room for expansion or the construction of additional buildings. This is a rare opportunity to acquire a well-located commercial property in a high-growth area of Brevard County. The address is 605 S Wickham Rd, West Melbourne, FL 32904.

• CAP approach

  CAP return

  Valuation

  6%

  $1,251,235

  6.5%

  $1,154,986

  7%

  $1,072,487

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,225,531

  Geo Method

  $1,225,531

• Alternative Use

  Use

  Valuation

  Residential

  $974,274

  Hospitality

  $892,430

  Educational

  $742,491

  Medical

  $768,026

  Retail

  $1,154,986

Location Insight

City

Melbourne

County

Brevard

State

Florida

Latitude

28.0974

Longitude

-80.672

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].