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For SaleSingle Family Home
$15K
1801 Penn Street 103 (10,080 Sf), Melbourne, FL 32901
University Park neighborhood
Subdivision: Airport Corporate Center
0
Bathrooms
36,188
Sq Ft
1989
Year Built
$0 /sqft

About This Property

Description from listing agent

Unit 103 is est. 5,580 SF Office/Storage/Training Rooms + 4,500 SF Warehouse = 10,080 SF total. Interior is 100% HVAC & Fire Sprinklered. Compressed air lines to remain. Warehouse has concrete flooring and est. 14' drop ceiling throughout. There is one 12 x 12' +/- grade level door. Total of 108 common parking spaces with potential for additional parking to be constructed (call for details). Property is located in the heart of Melbourne approximately halfway between Nasa Boulevard and Hibiscus Boulevard. Easily accessible via nearby Interstate 95, US1 and US 192. Close proximity to the Melbourne International Airport, L3Harris, Northrop Grumman, and the other high tech, engineering and R&D employers in the area. Make this the future home for your business today!

Space Coast Context

🚀 Launch Viewing — Good Views

33.1 mi from SLC-40

33.1 miles from SLC-40 — visible on clear days, especially at night.

Aerospace Commute Guide
L3Harris1.3 mi~3 min
Northrop3.1 mi~7 min
Blue Origin27.4 mi~1h 1m
SpaceX28.3 mi~1h 3m
Lockheed28.4 mi~1h 3m
Boeing/KSC29.8 mi~1h 6m
KSC30.2 mi~1h 7m

Estimates only — verify with Google Maps.

Flood Risk

Zone X — Minimal Risk

Outside the Special Flood Hazard Area. Flood insurance is optional but recommended.

Estimated flood insurance: $500 – $1,200 / yr — varies by coverage, elevation & insurer

Source: FEMA National Flood Hazard Layer. Insurance estimates are ranges only — get a quote for accurate pricing.

Offer Intelligence

Price history and market context for this listing.

Price Reductions
No reductions
Listed price has not changed since hitting the market
How we match comps

Comps are pulled directly from the Space Coast MLS — sold sales only, closed within the last 180 days. We apply hyper-local matching criteria in this order:

  • Same property type, always (single family, condo, townhouse, etc.)
  • Single-story homes compared only to single-story (and multi to multi)
  • Exact bedroom count
  • Bathrooms within ±0.5
  • Garage spaces within ±1
  • Pool status must match
  • Waterfront status must match
  • HOA must match (HOA community vs. no HOA)
  • Price within ±5–20% of list price (tightest in early tiers)
  • Square footage within ±10–25% (tighter in early tiers)
  • Year built always within ±5–20 years (never dropped)

We search in tiers, expanding the radius only as needed — starting in the same subdivision within 1 mile, then 2 miles, then the same neighborhood within 3 miles, and the same zip code within 5 miles as a last resort. For luxury homes ($5M+), where nearby comps are scarce, we widen the search to 5–20 miles. Year built is always required so comps are from the same era of construction. The median is weighted toward nearer sales, and sales within the last 90 days count 2× to reflect current market conditions.

Median estimate is based on similar active listings and homes that have sold within the last 180 days in this area, as reported through Brevard MLS. This is not an appraisal or a Comparative Market Analysis (CMA). Before making an offer, work with a licensed real estate agent to obtain a CMA, or hire a certified real estate appraiser for an independent valuation.

Additional Details

Lot Size
3.92 acres (170,755 sqft)
Days on Market
397
MLS Area
330 - Melbourne - Central

Financial & Listing Details

Listed
Jun 9, 2025
Parcel #
27-37-32-50-00000.0-0004.00
$15K

Listing Agent (for property info)

Z
Zachary Michael Ullian
The Ullian Realty Corporation
321-750-3439
Call Listing Agent

Estimated Monthly Payment

$245/mo
Principal & interest
$80
Property taxes
$15
Insurance
$150

Based on a 6.90% rate, 30-year loan, and $15K price — down payment shown: $3,041.

This is a quick estimate only — it does not include items like mortgage insurance, closing costs, or rate-lock terms. For an accurate payment based on your credit and finances, get pre-qualified with a certified bank or licensed mortgage brokerage.

MLS# 1048504

Interested in this property?

Equal Housing Opportunity

MLS# 1048504 · Listing Broker: The Ullian Realty Corporation · IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Listing information provided by Space Coast Association of REALTORS® and the Space Coast MLS. © 2026 Space Coast Association of REALTORS®. All rights reserved. · MaxxCity Realty LLC · Licensed in Florida.