Melbourne, FL 32940,5120 N Highway 1
Melbourne, FL 32940,5120 N Highway 1
Melbourne, FL 32940,5120 N Highway 1
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Sue Borrelli

Sue Borrelli

+1(321) 265-9901
$2,900,000
Est. payment /mo
4 Baths
5,400 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 5,400 sqft

Price per Sqft $537

Subdivision Honeybrook Plantation

MLS Listing ID 1066459

Total Fin. Sqft 5400

Year Built 2014

Annual Tax Amount $15,771

Tax Year 2025

Lot Size 4.640 Acres

Acres 4.64

Property Sub-Type Office

Source Space Coast MLS (Space Coast Association of REALTORS®)

Property Description

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.

Location

State FL

County Brevard

Area 322 - Ne Melbourne/Palm Shores

Direction From Pineda Causeway Head South on US 1 and Building is approx 3/4 mile on your right hand side.

Body of Water Indian River

Interior

Heating Central

Cooling Ceiling Fan(s), Central Air

Flooring Carpet, Tile

Inclusions Building & Land

Exterior

Exterior Feature ExteriorFeatures

Parking Features Parking Lot

Fence Vinyl

Utilities Available Electricity Available, Electricity Connected, Sewer Available, Water Available

Waterfront Description Navigable Water,Intracoastal

Roof Type Tile

Present Use Commercial,Office

Garage No

Building

Lot Description Cleared

Sewer Public Sewer

Water Public

Others

Senior Community No

Tax ID 26-37-30-Dt-00000.0-0005.00

Special Listing Condition Standard

Read Less Info
Space Coast Association of Realtors (Brevard MLS)
Listed by CENTURY 21 Baytree Realty

Nearby Locations

SCHOOLS PROPERTIES
Elementary Schools 5
  • 10

    Manatee Elementary School

    Public | KG - 6

  • 9

    Quest Elementary School

    Public | KG - 6

  • 8

    Viera High School

    Public | PK - 12

  • 7

    Ralph M. Williams, Jr. Elementary School

    Public | KG - 6

  • 0

    Devereux Hospital

    Public | KG - 12

School and business data provided by Attom Data.

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Sue Borrelli

Sue Borrelli

+1(321) 265-9901

Broker | License ID: BK3308750

Broker License ID: BK3308750

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