USAFLMelbourneHoneybrook Plantation5120 N Us Highway 1

5120 N Us Highway 1, Melbourne, FL

Name: 5120 N Us Highway 1, For Sale in Melbourne - Zoocasa
Brand: CENTURY 21 Baytree Realty
SKU: 1085710
Price: 2900000 USD

House

For Sale

Listed price in listed location currency (USD).

$2,900,000

050

MLS® 1085710

Overview

Key Facts

Type Office

Levels Commercial Sale

Size 5400 sqft

Garage

Taxes $15,141

Days Active 47

Lot Size 4.64 Acres

Approx. Age 2014

Avg. Price Per Sqft $537

MLS® Number 1085710

Property Address: 5120 N Us Highway 1, Melbourne, FL, 32940

Average square foot calculated using Size range provided by listing agent.

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.

MLS® Number1085710

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age2014

Basement

DrivewayParking Lot

Garage Spaces

Heat

A/CCentral Building

Extras

Building Only

Map

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