Subject Property is comprised of two adjacent rectangular-shaped parcels totaling 23.24±Acres with frontage to Nasa BLVD and exposed to a combined traffic count of 53,200± vehicles per day. The Subject is located in the heart of Melbourne's Executive District and adjacent to the Orlando-Melbourne International Airport. The subject faces Northrop Grumman's regional corporate campus to its north and Health First's 198,654±SF Urgent Care facility to it's east.The parcel's are zoned M-1 commercial, which possible uses include but are not limited to office / hotel/ retail/ restaurant/convention center & banking. The subject is also located within an opportunity zone, which can provide investors with significant tax incentives for development. The Property is situated on the southeast corner of Nasa Boulevard (18,200±AADT) to the north, and bordered by Evans Road to the west (29,500±AADT) and Gateway Drive (5,500±) to its' east.Alongside Northrop Grumman, the Property is also located with one-mile of four of the largest employers in Brevard County: Harris Corporation, Embraer, Health First & Rockwell Collins. Also in close proximity to the Subject is the new $300M Aerion Park, which will incorporate a new global HQ and integrated campus for research, design, production and support of the company's supersonic aircraft. The new project represents a multi-year investment that is expected to generate at least 675 jobs in Florida by 2026.
Highlights
Only Adjacent Property to Orlando-Melbourne International Airport (MLB)
$61M Terminal Expansion Before TUI Brings UK Tourists, Allegiant: Direct Flights Announced to Nashville, Pittsburgh
Strategically Located in Melbourne Executive District & Surrounded by Corporations such as Northrop Grumman, Embraer, Harris Corporation & Health First
M-1 Commercial Zoning allows for possible uses such as Office / Hotel/ Retail/ Restaurant/ Convention Center & Banking
Hard Signalized Corner & Above AHHI | $66,150± Within One-Mile
Located Adjacent to Aerion Park - $300M Campus, 675 New Jobs by 2026
Melbourne Ranked #2 in US by Milken Institute | Best-Performing Cities 2021
Located Within a Designated Federal Opportunity Zone
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.
