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1120-1128 S Wickham Rd
Melbourne, FL 32904
Wickham Retail Plaza · Retail Property For Sale
Investment Highlights
- Recent Capital Improvements: Roof Replaced in 2022 With a 20-Year Transferable Warranty; all HVAC Units are Less Than 5 Years Old.
- Below-Market Rents: Current Net Rents at $10.20 PSF, While Market Rents per CoStar Average $19.50 PSF, Providing Significant Upside Potential.
- Value-Add: Priced Well Below Replacement Cost at $166 PSF, Enhancing Long-Term Value Appreciation Potential.
- Triple-Net (NNN) Leases: Tenants Reimburse for all NNN Expenses, Including Reserves for Capital Expenditures and Management Fees.
- High Traffic & Visibility: Located Along S Wickham Rd with Nearly 27,000 Vehicles per day, Offering Strong Exposure.
- Average Household Income Within a 1-Mile Radius Exceeds $85K, With a Population of Over 132K Within 5 Miles and Continued Growth Expected.
Property Facts
Property Type
Retail
Property Subtype
Building Size
8,994 SF
Building Class
C
Year Built/Renovated
1986/2022
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
0.97 AC
Zoning
CW, Commercial Wickham - CW with Commercial FLU
Parking
31 Spaces (3.45 Spaces per 1,000 SF Leased)
Amenities
- Monument Signage
Property Taxes
| Parcel Number | 27-36-36-77-0000B.0-0002.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $932,050 |
Property Taxes
Parcel Number
27-36-36-77-0000B.0-0002.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$932,050
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