For SaleOfficeActive
5120 N Us Highway 1
Melbourne, FL 32940
$2,900,000
83 Days On Site
- 5Baths
- 5,400Sq Ft
- $537Per Sq Ft
- 4.64Acres
- 2014Built
- Subdivision
- Honeybrook Plantation
- County
- Brevard
- MLS®
- 1085710
Overview
Unique Opportunity to Own Prime Commercial Real Estate in Melbourne! 4.64 Acres of Direct US 1 with 300 ft. of Indian River Front Frontage (can be used for residential); can be broken up into three parcels total. One of the three potential parcels has a beautiful concrete block 5400 square foot tile roof building and is currently fully occupied with long term leases in place. The 5400 Sq ft. building is being valued at 1.7 million with the additional 3.39 acres being valued at 1.2 million. The CAP RATE for the 5400 Sqft building is 7%. The building is currently fully occupied (3600 sq ft occupied by the owner with long term plans to stay) with 5 year leases in place for both tenants. Build on the other two parcels as you collect income from this beautiful building! Phase 1 Environmental Completed Dec. 2025 with approval for 33,000 square foot building. A special height variance is approved by the town of Palm Shores for this project. Will provide documentation upon request.
Listing Snapshot
- Price
- $2,900,000
- Days On Site
- 83 Days
- Bedrooms
- N/A
- Inside Area (SqFt)
- 5,400 sqft
- Total Baths
- 5
- Full Baths
- N/A
- Partial Baths
- 0
- Lot Size
- 4.64 Acres
- Year Built
- 2014
- MLS® Number
- 1085710
- Status
- Active
- Property Tax
- $15,141 (2025)
- HOA/Condo/Coop Fees
- N/A
- Sq Ft Source
- Public Records
Property Details
General Features
12 items
- Acres
- 4.64
- Additional Property Use
- Office
- Land Lease
- No
- Number Of Stories
- 1
- Parking
- Parking Lot
- Property Sub Type
- Office
- Security
- Closed Circuit Camera(s)
- Sewer
- Public Sewer
- Special Circumstances
- Standard
- SqFt Total
- 5,400
- Water Source
- Public
- Zoning
- Commercial/Residential/Office
Interior Features
2 items
- Cooling
- Central Air
- Flooring
- Carpet, Tile
Exterior Features
7 items
- Construction Details
- Block
- Fencing
- Vinyl
- Lot Features
- Cleared, Waterfront
- Road Frontage
- State Road
- Roof
- Tile
- Waterfront
- Yes
- Waterfront Features
- River Access, River Front
Community Features
1 item
- MLS Area
- 322 - NE Melbourne/Palm Shores
Location
5120 N Us Highway 1, Melbourne, FL 32940 · 322 - NE Melbourne/Palm Shores
Neighborhood & Commute
ZIP Code 32940
- Median household income
- $103,658
- Income per person
- $53,761
- Households
- 19,868
- Average household size
- 2.30
- Median age
- 48.2
Source: Walk Score.
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
Price & Status History
- Listing updated with changes from the MLS®
- Listing first seen on site
- Status changed to Active
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