1322 Oak Street
Melbourne, FL 32901
MLS #: 1060409
Property Type: Commercial
Full Baths: 2.00
List Date: 10-24-2025
Year Built: 1957
0 Sq. Ft.
5,298 Total Sq. Ft.
Property Description
Excellent investment opportunity combining immediate income with significant redevelopment potential. This 0.57-acre property features two durable, concrete block office buildings in a strategic Melbourne location. The larger building, approximately 3, 900 sq. ft., is perfect for an owner-user or can be leased for additional income. The second building, approximately 1, 300 sq. ft., is currently tenant-occupied, providing a steady income stream from day one. Adding to its value, the smaller building features a new roof installed in 2024, minimizing near-term capital expenditures for the new owner. Beyond the stability of the current setup, the property's immense upside is its highly sought-after R-P zoning. This flexible designation offers a clear path for future development. This is a unique chance for an investor to acquire a cash-flowing asset while planning a long-term strategy, or for an owner-user to occupy the larger space while benefiting from rental income.
1322 Oak StreetMelbourne, FL 32901
This listing is courtesy of Waterman Real Estate Inc..
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