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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

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 Facts

Price $21,000,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Office
  • Hotel
  • Medical
  • Office Park
  • Storefront, Retail or Office
Total Lot Size 23.24 AC
Opportunity Zone Yes

1 Lot Available

Lot

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

PROPERTY TAXES

Parcel Number
27-37-32-00-00505.0-0000.00
Land Assessment
$1,307,610
Improvements Assessment
$0
Total Assessment
$1,307,610

zoning

Zoning Code M-1 (LIGHT INDUSTRIAL DISTRICT)
M-1 (LIGHT INDUSTRIAL DISTRICT)
  • Listing ID: 28471371

  • Date on Market: 5/12/2023

  • Last Updated:

  • Address: 1150 Gateway Dr, Melbourne, FL 32901

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