EAU Gallie

4429 West Eau Gallie Boulevard, Melbourne, FL, 32934, US

Description

JLL is pleased to present the opportunity to acquire Eau Gallie Towns (the “Property”), a ±18.91-acre site located in Melbourne, Florida (Space Coast) – ranked a Top 10 Best City for STEM Jobs (Forbes). The Seller has prepared a conceptual site plan for the development of 204, 20’ wide townhome units with 1-car garages.

The Space Coast, known as the Rocket Scientist Capital of The World and the fastest growing MSA in the USA (Builder Magazine – 2023 U-Haul Index), is experiencing transformational economic growth driven by a boom in aerospace, aeronautical and defense sector job growth. Notable major employers and schools include NASA, SpaceX, Blue Origin, Virgin Galactic, L3Harris Technologies, Embraer, Raytheon Technologies, Northrop Grumman, Collins Aerospace, Lockheed Martin, Florida Institute of Technology (ranked #2 private school in Florida), and Eastern Florida State College.

The Property is located just a quick 1-minute drive from I-95 and 5-minute drive from US-1 offering convenient access to major demand drivers: Publix (10-min), Cape Canaveral (35-min), Melbourne-Orlando International Airport (5-min), Downtown Melbourne (10-min), and Orlando (45-min). Moreover, the Property is near multiple communities with prices exceeding

$385,000.

...

Attributes

Land area gross

19 sf

Number of units

204

Planning permission

Consented

Parcel

27-36-23-00-500

Media

Investment Highlights

Prime Location on High-Traffic Thoroughfare: Positioned less than half a mile down from the major throughfare of I-95 (108,500 VPD) and W Eau Gallie Blvd (19,900 VPD), the Property offers incredible visibility and accessibility to Melbourne-Orlando International Airport and the major aerospace employment hub surrounding it, including the headquarters of L3 Harris.
Aerospace & Defense Employment Hub Generating High Paying Jobs: The area surrounding the Property boasts an impressive concentration of aerospace and defense leaders—NASA, SpaceX, Blue Origin, Boeing, L3Harris, Raytheon, Lockheed Martin, Embraer, and U.S. Space Force—all accessible in under a 5-minute drive and whose employees are earning an average household income of +$110,000.
Superior Connectivity to Second Largest Port in the World: Situated just a short drive from the Property, Port Canaveral stands as the second-busiest cruise port in the world, welcoming over 4.6 million passengers annually and handling more than 6 million tons of goods yearly.
High-Speed Brightline Train Station Recently Announced: Located just 20 minutes from the recently announced Brightline station in Cocoa, the Site offers rapid connectivity to Central and Southern Florida.
Proximity to Top Amenities: The Property is located just a quick 10-minute drive from the vibrant Downtown Melbourne and only 12-minutes from the pristine Melbourne beaches.