7790 Industrial Rd, West Melbourne, Fl

The property is situated in an industrial corridor in West Melbourne. The area has a population growth rate of 2% annually. The median household income in Melbourne is $55,000. Aerospace and tech firms operate nearby, contributing to economic activity. The Ellis Road expansion project involves widening 1.7 miles from John Rodes Boulevard to west of Wickham Road from two to four lanes, with construction expected to begin in 2025 and complete by mid-2028, facing a $40 million funding shortfall as of May 2024. Melbourne International Airport completed a $72 million terminal expansion in March 2022, adding 86,000 square feet to support increased traffic, contributing over $3.1 billion annually to the Space Coast economy per a 2023 Florida Department of Transportation study.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. For more details or to discuss purchase terms, contact the listing rep 321.514.0876