Subject is comprised of two rectangular-shaped parcels totaling 23.24±Acres with frontage to Nasa BLVD & exposed to a combined traffic count of 53,200±VPD. Subject is located in the heart of Melbourne's Executive District and adjacent to 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 parcels are zoned M-1 commercial, which possible uses include but are not limited to office / hotel/ retail/ restaurant/convention center & banking. Furthermore, Subject is located within an opportunity zone, which can provide investors with significant tax incentives for development.
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
Located within a Federally Designated Opportunity Zone
Melbourne Ranked #2 in US by Milken Institute | Best-Performing Cities 2021
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.
