New Direct Intl Flights | 23.24±AC Adjacent to Orlando-Melb. Intl Airport (MLB) | Favorable Zoning for Hotel/Office/Retail

1150 Gateway Drive Melbourne, FL 32901

1150 Gateway Drive, Melbourne, FL, 32901
Retail Competition + Subject
1150 Gateway Drive, Melbourne, FL, 32901 1150 Gateway Drive, Melbourne, FL, 32901 1150 Gateway Drive, Melbourne, FL, 32901
FOR SALE
Property Type:
Commercial Land Development
Amount:
$19,900,000
Last Verified:
Aug 04, 2021

Description

Subject Property is comprised of two adjacent rectangular-shaped parcels totaling 23.24±Acres with frontage to Nasa Boulevard 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
  • Immediate Area Experiencing Significant Development
  • Hard Signalized Corner & Above Average Household Income | $66,150± Within One-Mile
  • Located Within a Federally Designated Opportunity Zone
  • Located Adjacent to Aerion Park - $300M Campus, 675 New Jobs by 2026
  • 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.

  • Additional URLs

    Map of 1150 Gateway Drive, 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.