855 S Wickham Rd, West Melbourne, FL, 32904

855 S Wickham Rd West Melbourne, FL 32904

855 S Wickham Rd, West Melbourne, FL, 32904
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FOR SALE
Property Type:
Industrial
Amount:
$1,425,000
Last Verified:
Mar 21, 2024


Description

This 5,500 SF standalone property on Wickham Rd provides a rare opportunity for people in the car sales and servicing industry. The property, which was renovated in 2013, features a large sales floor/showroom, plenty of warehouse/storage space, and surplus parking. It is specifically zoned C-2, which caters perfectly to automobile ventures. The floor plan offers a welcome lobby, a pleasant seating area, a private owner's office, extra interior storage, several bathrooms, and grade level and loading dock access.

With 40 surface parking spaces, a ratio of 8.77 per 1,000 SF, and 112 feet of frontage on high-traffic Wickham Rd, visibility and accessibility are uncommon on the market. The property has a security system, killer signage options, HVAC, roll-up doors, and ceiling heights exceeding 20 feet.

This property is great for auto sales, repair shops, parts stores, and service contractors, among other businesses who need high viability. The previously partitioned unit is a 1,800 SF unit, offering flexibility for prospective leasing income or can be used as additional operational space by the new owner.

This complete 5,500 SF building is now for sale, with the option to keep the current division or restructure the area to match specific business needs. This property, situated on 0.77 acres of great land in the heart of West Melbourne's automotive industry, is a rare find.

This location is fewer than three miles from Melbourne Orlando International Airport.

Access to Interstates: The Interstate 95 exit is about two miles away.

Big Companies Nearby: The presence of large corporations such as L3 Harris and Northrop Grumman demonstrates the area's importance to the defense and aerospace industries. These companies hire competent personnel who are leaders in their industries, which benefits the region's economy.

Traffic volume: 25,500 AADT (Annual Average Daily Traffic).

Dense Residential Area: The location is described as being in a dense residential area, implying that there are many people living there. Customers who live in the region, or businesses who provide services to residents, may benefit from this.

Overall Appeal of the Area: Melbourne, FL, is known for its high quality of life, with beaches, numerous restaurants and shops, and a thriving tech economy. The area's schools, cultural events, and outdoor activities add to its attractiveness, making it a desirable destination to live and work.


Year Built: 1989
Building Size: 5500sq ft
Lot Size: 0.77 acres


Documents

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Map of 855 S Wickham Rd, West Melbourne, FL, 32904

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.