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1150 Gateway Dr - Gateway Drive Land for Development
23.24 Acres of Commercial Land Offered at $21,000,000 in Melbourne, FL 32901
Investment Highlights
- This is one of the busiest intersections in Brevard County. Ellis Road will be a four-lane thoroughfare in the next few years and connect to I-95.
Executive Summary
Property Facts
Price | $21,000,000 | Property Subtype | Commercial |
Sale Type | Investment | Proposed Use | |
No. Lots | 1 | Total Lot Size | 23.24 AC |
Property Type | Land | Opportunity Zone |
Yes
|
Price | $21,000,000 |
Sale Type | Investment |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Commercial |
Proposed Use | |
Total Lot Size | 23.24 AC |
Opportunity Zone |
Yes |
1 Lot Available
Lot
Price | $21,000,000 | Lot Size | 23.24 AC |
Price Per AC | $903,614.46 |
Price | $21,000,000 |
Price Per AC | $903,614.46 |
Lot Size | 23.24 AC |
This 23.24-acre, vacant, rectangle-shaped parcel is nestled in the heart of the Melbourne Executive District. Zoned M-1 Commercial. Parcel IDs: 27-37-32-00-536 & 27-37-32-00-505 Tax ID#s: 2747958 & 2729402
Description
This 23.24-acre, vacant, rectangle-shaped parcel is nestled in the heart of the Melbourne Executive District. Zoned M-1 Commercial, possible uses include (but are not limited to): Office/Hotel/Motel/Restaurant/Retail/Convention Center/Bank possible multi-family. Flanked by large engineering and corporate firms, traffic counts in this area are as follows: Nasa Boulevard - 25,420 (high) - 15,010 (low) Evans Road - 16,510 Gateway Drive - 3,550 The Northrup Grumman campus is directly across Nasa Blvd and is expanding to add 1900 new jobs which will bring their total employee population to 4000 individuals. Harris, Embraer, Health First, and Rockwell Collins are four of the largest employers in Brevard County and each is a mile or less from this site in addition to the previously mentioned GE Corporation and Northrup Grumman. NASA Boulevard located north of the site runs west and ties directly into Ellis Road with a signalized intersection at Wickham Road. This is one of the busiest intersections in Brevard County. Ellis Road will be a four-lane thoroughfare in the next few years and have a full new interchange at I-95. The interchange is fully funded. Virtually all Airport traffic would then likely run pasts the subject property en route.
PROPERTY TAXES
Parcel Number | 27-37-32-00-00505.0-0000.00 | Improvements Assessment | $0 |
Land Assessment | $1,307,610 | Total Assessment | $1,307,610 |
PROPERTY TAXES
zoning
Zoning Code | M-1 (LIGHT INDUSTRIAL DISTRICT) |
M-1 (LIGHT INDUSTRIAL DISTRICT) |
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1150 Gateway Dr - Gateway Drive Land for Development
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