The Space Center

1735 W Hibiscus Blvd Melbourne, FL 32901

1735 W Hibiscus Blvd, Melbourne, FL, 32901
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FOR SALE
Property Type:
Multi Tenant Office
Amount:
$3,100,000
Last Verified:
Feb 11, 2024


Description

Premier Office Space at 1735 W Hibiscus Blvd: A Hub of Innovation, Connectivity, and Economic Advantage

In the heart of Melbourne's business district, 1735 W Hibiscus Blvd stands as a beacon of modern efficiency and elegance. This Class B office building, erected in 2000, offers a generous 17,961 square feet of versatile space across three stories. Each floor, approximately 5,987 square feet, is adaptable to various business setups, from open-plan collaborative environments to traditional office layouts.

The property's serene setting, adorned with mature trees, provides a peaceful work atmosphere, while its location just a block north of New Haven Avenue/192 places it in the energetic pulse of Melbourne's business life. This discreet yet accessible location is an intersection of opportunity and connectivity.

Strategically situated near the Orlando Melbourne International Airport, this property stands at the nexus of local commerce and international access. The proximity to global aerospace leaders such as Rockwell Collins, Thales Avionics, Harris Corporation, Northrup Grumman, Embraer, and Extant Aerospace underlines the area's status as a forefront of aerospace engineering innovation. This sector's presence drives economic growth and technological advancement, offering your business unrivaled networking opportunities and a potential client base at your doorstep.

A unique advantage of this location is its designation as part of an Opportunity Zone. Recognizing the importance of connecting private capital with low-income communities, the Economic Development Commission of Florida’s Space Coast highlights the significant tax advantages available in this area.

The building itself caters to practical needs with 61 surface parking spots, a generous parking ratio (10 spaces per 1,000 SF leased), adding convenience for both employees and visitors. Zoned C-C2, the property offers versatility for various business ventures, from corporate headquarters to tech startups or professional services firms.

1735 W Hibiscus Blvd is not just an office space; it's a gateway to a thriving business ecosystem. Located in an Opportunity Zone and surrounded by a culture of innovation and progress, it offers the perfect foundation for your business to grow and succeed.

The Space Center Building

1735 W Hibiscus Blvd, a 17,961 sq. ft. premier office Building in the heart of Melbourne's business district. This property not only offers a stable income stream from its current tenancy but also presents a unique opportunity with the seller's temporary lease-back option. With its prime location in an Opportunity Zone, proximity to major aerospace players, and convenient access to local and international hubs, this office building represents a rare chance to secure a high-value asset in Florida’s Space Coast’s thriving economic landscape. The building's ample parking, modern amenities, and flexible space options further enhance its appeal, making it an ideal choice for investors seeking growth, stability, and strategic positioning in a vibrant business community.


Year Built: 2000
Building Size: 17961sq ft
Building Class: B
Lot Size: 1.5 acres


Documents

Brochure (L)
Space Center Numbers .pdf
Floor PlanSite Plan 1735 Hibiscus.pdf
Offering Memorandum (L)

Map of 1735 W Hibiscus Blvd, Melbourne, FL, 32901

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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.