5120 N Highway 1
Melbourne, FL 32940
MLS #: 1066459
Property Type: Commercial
Full Baths: 4.00
List Date: 01-14-2026
Year Built: 2014
0 Sq. Ft.
5,400 Total Sq. Ft.
Property Description
Unique Opportunity to Own Prime Commercial Real Estate in Melbourne! 4.64 Acres of Direct US 1 and 300 ft. of Indian River Front Frontage; 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. Build on the other two parcels as you collect income from this beautiful building! Phase 1 Environmental Completed with approval for 33, 000 square foot building. Height variance approved by the town of Palm Shores for this project. Will provide documentation; New 5 year leases in place on current building at ROI at approx 7%.
Street
County
Brevard
Listing Status
Active
Tax Year
2025
Waterfront
Yes
Water Type
5120 N Highway 1Melbourne, FL 32940
This listing is courtesy of CENTURY 21 Baytree Realty.
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