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1720 Columbia Ln - I-95 at US 192
14.4 Acres of Commercial Land Offered at $3,173,808 CAD in West Melbourne, FL 32904
EXECUTIVE SUMMARY
U.S. 192 serves as a major east-west route for South Brevard County, extending west to the Orlando area resorts. Traffic counts on I-95 near the property are substantial, with an AADT of 98,500 north of U.S. 192 and 70,500 to the south. On U.S. 192, the 2023 AADT is 9,900 to the west of I-95 and 38,500 to the east.
The Space Coast Town Center, a 160-acre development located in the southwest quadrant of I-95 and U.S. 192, is currently underway. This project includes a newly completed 300-unit apartment complex, with additional apartments and single-family subdivisions planned along the St. John’s Heritage Parkway both north and south of U.S. 192.
Adjacent to the property is a franchised John Deere Sales and Service facility, which has paved and curbed Columbia Lane along their road frontage. As a result, this property benefits from a fully paved and maintained road in front of the site.
Please refer to the survey, which outlines the Florida Power and Light easements along the property. While driveways and parking are permitted in these easement areas, no structures can be built within them.
PROPERTY FACTS
| Price | $3,173,808 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Hold For Investment |
| No. Lots | 1 | Total Lot Size | 14.40 AC |
| Property Type | Land |
| Price | $3,173,808 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Hold For Investment |
| Total Lot Size | 14.40 AC |
1 LOT AVAILABLE
Lot
| Price | $3,173,808 CAD | Lot Size | 14.40 AC |
| Price Per AC | $220,403.33 CAD |
| Price | $3,173,808 CAD |
| Price Per AC | $220,403.33 CAD |
| Lot Size | 14.40 AC |
DESCRIPTION
Located on the NW quadrant of Interstate 95 and U.S. 192 with access via Columbia Lane. The parcel has 1,550' fronting I-95 and 370' along Columbia Lane. The St. John's Heritage Parkway runs parallel to Columbia Lane and is open to the south of US 192 all the way south beyond Malabar Road. The parkway is under construction presently in Palm Bay southward and has already been extended north of US 192 to meet up with the Ellis Road I-95 interchange. US 192 is a major east-west artery for the South Brevard County Area and also extends west to the resorts in the Orlando Area. Traffic count on I-95 is 69,500 cars. US 192 west of I-95 is 6,200 and east of I-95 is 24,880. The Space Coast Town Center project on 160 acres on the SW quadrant of I-95 and US 192 recently started development including a 300 unit apartment complex nearly completed. Adjacent to the property is a site purchased for a franchised John Deere Sales and Service facility. The new owner is preparing his site plan for approval. Please look at the survey which shows the Florida Power and Light easements where they need to maintain their aerial lines. Driveways and parking are both allowed in the easement but no structures can be there nor are they allowed atop the Natural Gas lines either.
PROPERTY TAXES
| Parcel Number | 28-36-03-00-00005.0-0000.00 | Improvements Assessment | $0 CAD |
| Land Assessment | $511,425 CAD | Total Assessment | $511,425 CAD |
PROPERTY TAXES
ZONING
| Zoning Code | BU-1, County (Business District) |
| BU-1, County (Business District) |
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1720 Columbia Ln - I-95 at US 192
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