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I-95 & Coastal Ln - 25.009 Ac. M-2 Heavy Industrial City
25.01 Acres of Industrial Land Offered at $3,500,000 in West Melbourne, FL 32904
Executive Summary
To the direct north of the property, preparations are being made for the new Interstate 95 interchange at Ellis Road, which will provide
a future direct route to the Orlando Melbourne International Airport passenger terminal.
To the south, the proposed Space Coast Town Center is anticipated to impact and accelerate the demand and pricing for development land opportunities in its proximity, which includes the subject property.
This 170-acre project development will be a nexus of activity, drawing a broad range of consumers and could allow for 61 planned buildings., including 257,000 SF of Retail, Grocer: 30,000 - 60,000 SF, Residential: 1,800 to 2,000 multifamily residences, Office: 360,000 SF, Hotel: Two hotels - 250 to 300 keys.
There exists a 30-foot wide access and utilities easement that extends along the eastern border of the property.
Ingress and egress is possible via three (3) public right-of-ways to John Rodes Blvd and Coastal Lane.
Providing developable access via Coastal Lane from US Highway 192 would require construction of an additional 2,017 linear feet of road.
The closest municipal water service line is located 575 south of the southern property line and is serviced by the City of West Melbourne. The nearest municipal sewer line is located 650 south and 300 feet east of the southeast corner of the subject property. This sewer line would require a lift station.
City of West Melbourne Zoning: M-2 General Industrial / FLU: Industrial. This zoning designation allows for (but is not limited to) the following uses: general manufacturing and assembly, warehousing, general industrial functions.
M-2 Zoning Classification Link: https://library.municode.com/fl/west_melbourne/codes/code_of_ordinances?nodeId=PTIICOOR_CH98ZO_ARTIIIDI_DIV13GEINDI
Brevard County is thriving and has become home to several aerospace-support industry giants, such as NASA's Kennedy Space Center, Blue Origin, OneWeb Satellites, and Firefly. Brevard County is remaining the corporate hub for professional leaders including Lockheed Martin, Harris/L3 Company, Northrup Grumman, Embraer and others.
The property is currently under contract and is progressing through the due diligence phase. Rest assured that we will keep you informed of any developments, and if there are any changes in the status of the property, we will notify you promptly
Property Facts
1 Lot Available
Lot
| Price | $3,500,000 | Lot Size | 25.01 AC |
| Price Per AC | $139,944 |
| Price | $3,500,000 |
| Price Per AC | $139,944 |
| Lot Size | 25.01 AC |
This vacant land parcel is situated along the eastern border of Interstate 95, just south of Ellis Road and on the northern border of Coastal Lane. This location provides easy access to State Road 192/New Haven Avenue to the south via Coastal Lane.
Description
To the direct north of the property, construction has been completed for the new Interstate 95 interchange at Ellis Road, which provides a direct route to the Orlando Melbourne International Airport passenger terminal. To the south, the Space Coast Town Center which is under construction, is anticipated to impact and accelerate the demand and pricing for development land opportunities in its proximity, which includes the subject property. This 170-acre project development will be a nexus of activity, drawing a broad range of consumers and could allow for 61 planned buildings, including 257,000 SF of Retail, Grocer: 30,000 - 60,000 SF, Residential: 1,800 to 2,000 multifamily residences, Office: 360,000 SF, Hotel: Two hotels - 250 to 300 keys. Providing developable access via Coastal Lane from US Highway 192 would require construction of an additional 1700+- linear feet of road. Public Water and Sewer will be available via main extensions by the City of West Melbourne. The closest municipal water service line is located 575' south of the southern property line and is serviced by the City of West Melbourne. The nearest municipal sewer line is located 650' south and 300' feet east of the southeast corner of the subject property. The property is currently under contract and is progressing through the due diligence phase. Rest assured that we will keep you informed of any developments, and if there are any changes in the status of the property, we will notify you promptly
PROPERTY TAXES
| Parcel Number | 27-36-34-00-00001.0-0000.00 | Improvements Assessment | $0 |
| Land Assessment | $456,170 | Total Assessment | $456,170 |
PROPERTY TAXES
zoning
| Zoning Code | M-2 General Industrial (M-2 General Industrial - City of West Melbourne) |
| M-2 General Industrial (M-2 General Industrial - City of West Melbourne) |
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Michael Dreyer CCIM, ALC -
Dreyer & Associates Real Estate Group
Presented by
I-95 & Coastal Ln - 25.009 Ac. M-2 Heavy Industrial City
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