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Wickham Rd./Preserve Dr. 32934 - Development Opportunity on Wickham Rd 17.65 Acres of Commercial Land Offered at $5,000,000 in Melbourne, FL 32935
INVESTMENT HIGHLIGHTS
- High Traffic Count on Wickham Rd
- Signalized Intersection of Preserve Dr.
EXECUTIVE SUMMARY
Please note that the zoning is currently BU-1 (Business Use) in Brevard County. We are adjacent to the City of Melbourne and it makes sense to annex to the city to obtain water utilities. This property is considered to be an enclave and owner should proceed with the minor comprehensive plan amendment and zoning. This is a lengthy process and probably a prerequisite to a sale to a developer. Fire protection and police services provided by the City of Melbourne have an effect of lowering insurance costs for the end user product.
The parcel depth is 660’ which lines up with the other commercial land uses north and south of the parcel. There are various plans for 15 unit per acre multifamily, a combination of commercial and multi-family, and themed developments such as medical campus with ACLF.
PROPERTY FACTS Under Contract
| Price | $5,000,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 17.65 AC |
| Zoning | BU-1 - Currently BU-1 (Business Use) Brevard County. The City of Melbourne annexation would be to C-1 Neighborhood Commercial (also allows multi-family) | ||
| Price | $5,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 17.65 AC |
| Zoning | BU-1 - Currently BU-1 (Business Use) Brevard County. The City of Melbourne annexation would be to C-1 Neighborhood Commercial (also allows multi-family) |
1 LOT AVAILABLE
Lot
| Price | $5,000,000 | Lot Size | 17.65 AC |
| Price Per AC | $283,286.12 |
| Price | $5,000,000 |
| Price Per AC | $283,286.12 |
| Lot Size | 17.65 AC |
The property is a total of 17.65 acres comprised of a private roadway (Preserve Dr.) and two parcels, one being one being the land north the other being the one south of Preserve Dr.
DESCRIPTION
An environmental report delineates a wetland on the north side of Preserve Drive. The report is available for review. The wetland could be impacted in part or as a whole with a mitigation plan. Depending on the use contemplated, the entire site could be lifted out of the 100 year flood plan and into Flood Zone X. Other than the Southwest portion of the site, the land is in the 100 year floodplain, which has higher insurance rates for residential uses.
PROPERTY TAXES
| Parcel Number | 26-36-36-00-00006.0-0000.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,427,870 |
PROPERTY TAXES
Presented by
Wickham Rd./Preserve Dr. 32934 - Development Opportunity on Wickham Rd
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