Melbourne, Florida, offers a unique opportunity for investors to capitalize on the city's growing economy and diverse industries. With a population of over 80,000 residents, Melbourne is an attractive location for businesses and individuals alike. Industrial properties in Melbourne are a sound investment, providing a stable source of income and potential for long-term growth. These properties can represent a range of investments, from manufacturing facilities to warehouses and distribution centers. Melbourne's strategic location, with easy access to major highways and the Melbourne Orlando International Airport, makes it an ideal location for businesses that require efficient transportation and logistics. The city's strong educational institutions, including the Florida Institute of Technology and Eastern Florida State College, provide a skilled workforce, while its amenities, such as the Brevard Zoo and Wickham Park, offer a high quality of life. Additionally, Melbourne's proximity to major attractions like the Kennedy Space Center and the Indian River Lagoon make it an attractive location for businesses and tourists alike.
Melbourne's industrial properties are just one aspect of the city's diverse real estate market. With 23 industrial properties available for sale, investors have a range of options to choose from. In addition to industrial properties, Melbourne also offers a range of other property types, including warehouses, which can provide a stable source of income through rental agreements. Land is also available for purchase, offering investors the opportunity to develop their own projects. Apartment buildings and commercial real estate are also available, providing a range of investment opportunities. The average price per square foot for industrial properties in Melbourne is $333 USD, with an average size of 17,640 square feet. The largest industrial property available is 113,993 square feet, offering ample space for businesses to operate. With an average cap rate of 6.66%, industrial properties in Melbourne offer a stable source of income for investors.
What is the average price per square foot for industrial properties in Melbourne?
The average price per square foot for industrial properties in Melbourne is $333 USD per square foot, with an average size of 17,640 square feet and a largest size of 113,993 square feet, among the 23 available listings.
How do location and transportation access affect industrial property values?
Location and transportation access play a significant role in determining industrial property values in Melbourne, Florida, as they directly impact the ease of doing business, logistics, and overall operational efficiency.
- Proximity to major transportation facilities, such as the Melbourne Orlando International Airport (MLB) and the Florida East Coast Railway (FEC), can increase industrial property values due to the convenience and cost-effectiveness of transporting goods and materials.
- Access to major highways and roads, like U.S. 1, also enhances industrial property values by providing easy connectivity to surrounding cities, ports, and other key economic hubs.
- In Melbourne, industrial properties with close proximity to amenities like the Brevard Zoo, Wickham Park, and Lake Washington may also command higher values due to the potential for attracting a skilled workforce and supporting employee quality of life.
