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1720 Columbia Ln - I-95 at US 192
14.4 Acres of Commercial Land Offered at $2,200,000 in West Melbourne, FL 32904
Executive Summary
The Space Coast Town Center project on 160 acres on the SW quadrant of I-95 and US 192 is being developed including a 300 unit apartment complex now completed. More apartments and single family subdivisions occupy the St. John's Heritage Parkway north and south of US 192.
Adjacent to the property is a site a franchised John Deere Sales and Service facility. Their development required the paving of Columbia Lane along their road frontage, therefore the subject property benefits from a paved, and curbed road in front of the site.
Please look at the survey which shows the Florida Power and Light easements where they need to maintain their aerial lines. Driveways and parking are both allowed in the easement but no structures can be there.
Property Facts
| Price | $2,200,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Hold For Investment |
| No. Lots | 1 | Total Lot Size | 14.40 AC |
| Property Type | Land |
| Price | $2,200,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Hold For Investment |
| Total Lot Size | 14.40 AC |
1 Lot Available
Lot
| Price | $2,200,000 | Lot Size | 14.40 AC |
| Price Per AC | $152,778 |
| Price | $2,200,000 |
| Price Per AC | $152,778 |
| Lot Size | 14.40 AC |
Description
Located on the NW quadrant of Interstate 95 and U.S. 192 with access via Columbia Lane. The parcel has 1,550' fronting I-95 and 370' along Columbia Lane. The St. John's Heritage Parkway runs parallel to Columbia Lane and is open to the south of US 192 all the way south beyond Malabar Road. The parkway is under construction presently in Palm Bay southward and has already been extended north of US 192 to meet up with the Ellis Road I-95 interchange. US 192 is a major east-west artery for the South Brevard County Area and also extends west to the resorts in the Orlando Area. Traffic count on I-95 is 69,500 cars. US 192 west of I-95 is 6,200 and east of I-95 is 24,880. The Space Coast Town Center project on 160 acres on the SW quadrant of I-95 and US 192 recently started development including a 300 unit apartment complex nearly completed. Adjacent to the property is a site purchased for a franchised John Deere Sales and Service facility. The new owner is preparing his site plan for approval. Please look at the survey which shows the Florida Power and Light easements where they need to maintain their aerial lines. Driveways and parking are both allowed in the easement but no structures can be there nor are they allowed atop the Natural Gas lines either.
PROPERTY TAXES
| Parcel Number | 28-36-03-00-00005.0-0000.00 | Improvements Assessment | $0 |
| Land Assessment | $353,560 | Total Assessment | $353,560 |
PROPERTY TAXES
zoning
| Zoning Code | BU-1, County (Business District) |
| BU-1, County (Business District) |
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1720 Columbia Ln - I-95 at US 192
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