Storefront Retail with Owner Financing

  SOLD June 2019 for $327,000

1609 N. Wickham Road, Melbourne, Florida 32934

Building Size3,561 Square Feet
Land Size0.39 Acres
Year Built1959
Traffic Count37,000 VPD

Owner Financing available!

Excellent retail location with over 100' of frontage on the heavily traveled corridor of N Wickham Road in Melbourne, with over 37,000 vehicles per day. This .39 acre parcel is accessible directly from Wickham Road, or from the local cross street.

The submarket boasts high job growth and extremely low vacancy rates for retail tenants. The building is currently 100% leased, but the current rates are far below the area average of $14/ft./yr. 2 tenants are month-to-month, and another tenant is leased through March 2021. The owner currently occupies the rest of the space.

The subject property also benefits from being well-positioned in a dense urban infill consisting of national and local tenants, and shopping centers. Major tenants in the area include: Aldi's, CVS, Walgreens, Public Storage, Applebees, Staples, Krispy Kreme, Dunkin Donuts, Taco Bell, Chili's, ABC Liquor, and Papa John's pizza.

Nearly 25,000 individuals reside within 5 minutes of the subject property, and over 135,000 are within 15 minutes. Just 5 minutes to I95, 10 minutes to the booming Melbourne Orlando International airport, and 15 minutes to the beaches, this property is uniquely positioned for massive appreciation.

Centrally-located on Florida’s Atlantic Coast, the Melbourne metro and its Space Coast are perhaps most well-known for hosting Kennedy Space Center and Cape Canaveral Air Force Station. Melbourne proper is the primary economic driver of Brevard County, largely due to its outsized proportion of high tech, high-wage jobs. Melbourne continues to outperform the nation in terms of job growth, and the retail sector has outpreformed the rest of the state, as well as the nation.

The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.

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