About This Property
Description from listing agentThis is one of Melbournes strongest and most visible commercial development opportunities, positioned directly along the high traffic Aurora Road corridor with substantial frontage and powerful exposure in one of the fastest growing and most desirable commercial zones on the entire Space Coast. The property is level, clean, and fully development ready, offering a long and deep configuration ideal for a wide range of commercial uses, including medical offices, professional buildings, retail businesses, flex industrial space, and modern indoor storage facilities. Located at the center of Melbournes major employment axis surrounded by L3Harris, Northrop Grumman, Collins Aerospace, Raytheon, Leonardo DRS, GE Aviation, Embraer, and Thales, this site benefits from more than 23000 aerospace and defense employees and over 65000 people traveling through the area daily, ensuring exceptional long term commercial demand, stability, and significant future growth potential.
Space Coast Context
🚀 Launch Viewing — Good Views
29.8 mi from SLC-40
29.8 miles from SLC-40 — visible on clear days, especially at night.
Estimates only — verify with Google Maps.
Flood Risk
Outside the Special Flood Hazard Area. Flood insurance is optional but recommended.
Estimated flood insurance: $500 – $1,200 / yr — varies by coverage, elevation & insurer
Source: FEMA National Flood Hazard Layer. Insurance estimates are ranges only — get a quote for accurate pricing.
Offer Intelligence
Price history and market context for this listing.
How we match comps
Comps are pulled directly from the Space Coast MLS — sold sales only, closed within the last 180 days. We apply hyper-local matching criteria in this order:
- ✓Same property type, always (single family, condo, townhouse, etc.)
- ✓Single-story homes compared only to single-story (and multi to multi)
- ✓Exact bedroom count
- ✓Bathrooms within ±0.5
- ✓Garage spaces within ±1
- ✓Pool status must match
- ✓Waterfront status must match
- ✓HOA must match (HOA community vs. no HOA)
- ✓Price within ±5–20% of list price (tightest in early tiers)
- ✓Square footage within ±10–25% (tighter in early tiers)
- ✓Year built always within ±5–20 years (never dropped)
We search in tiers, expanding the radius only as needed — starting in the same subdivision within 1 mile, then 2 miles, then the same neighborhood within 3 miles, and the same zip code within 5 miles as a last resort. For luxury homes ($5M+), where nearby comps are scarce, we widen the search to 5–20 miles. Year built is always required so comps are from the same era of construction. The median is weighted toward nearer sales, and sales within the last 90 days count 2× to reflect current market conditions.
Median estimate is based on similar active listings and homes that have sold within the last 180 days in this area, as reported through Brevard MLS. This is not an appraisal or a Comparative Market Analysis (CMA). Before making an offer, work with a licensed real estate agent to obtain a CMA, or hire a certified real estate appraiser for an independent valuation.
Location
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Schools
Elementary
Creel
Middle School
Johnson
High School
Eau Gallie
Financial & Listing Details
Estimated Monthly Payment
- Principal & interest
- $7,376
- Property taxes
- $1,400
- Insurance
- $150
Based on a 6.90% rate, 30-year loan, and $1.4M price — down payment shown: $280,000.
This is a quick estimate only — it does not include items like mortgage insurance, closing costs, or rate-lock terms. For an accurate payment based on your credit and finances, get pre-qualified with a certified bank or licensed mortgage brokerage.
