This 6,500-square-foot industrial building sits on a 1.04-acre lot and includes a warehouse layout with office space [see attached drawings]. The property is zoned ind, permitting various industrial uses, and has direct access to major roadways, including i-95, 2 miles away. Clear height is 20 ft and 16+ parking spaces. The property is currently occupied by the seller, offering potential for a sale-leaseback to generate immediate cash flow or an owner-user purchase. Local industrial vacancy rates are at 3%, indicating steady demand in the west melbourne industrial corridor.
The location benefits from a population growth rate of 2% annually, a median household income of $55,000, and proximity to aerospace and tech firms. The ellis road expansion, widening 1.7 miles from two to four lanes with completion expected by mid-2028, and melbourne international airport’s $72 million terminal expansion in march 2022, adding 86,000 square feet and contributing $3.1 billion annually to the space coast economy per a 2023 florida department of transportation study, support regional industrial growth. Uses include a warehouse, light manufacturing facility, or distribution center.