7965 Spyglass Hill Road

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7965 Spyglass Hill Road

Melbourne, FL 32940
Asking Price
$2.50M
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Commercial land site located at 7965 Spyglass Hill Road in Melbourne
  • Total asking price for the parcel is set at 2,500,000 dollars
  • Site features a fully completed parking lot for immediate facility access
  • Water electricity and sewer connections are stubbed out for development
  • Ready to build pad simplifies the early phases of construction

What's Special

Melbourne serves as a prominent hub within Florida’s Space Coast, benefiting from the robust aerospace and technology industries that drive regional economic growth. This commercial land site at 7965 Spyglass Hill Road provides an efficient starting point for developers looking to establish a presence in this expanding market. The property consists of a ready-to-build pad, significantly reducing initial site preparation timelines and costs. Utilities including water, electricity, and sewer are already stubbed out to the location. Furthermore, the parking lot is fully completed, allowing for a more immediate transition to vertical construction and occupancy. Given its strategic placement and infrastructure readiness, the site supports a variety of commercial use cases, including professional offices, retail operations, or service-oriented businesses aiming to capture the area's steady population demand. Its developed state serves as a practical foundation for commercial investment in a well-positioned submarket.

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NOI
$80,000
Cap Rate
3.20%
DSCR
0.54
Underwater
Cash-on-Cash
-9.12%
Monthly Payment
$12,368.636
Annual Cash Flow
$-68,423.631

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