Ad #7128289
MLS #1066459
Unique Opportunity to Own Prime Commercial Real Estate in
5120 N Hwy 1, Melbourne, FL 32940
$2,900,000
--Beds
4Baths
5,400Sqft
4.64Acres
About this property
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.
Property Features
0 Beds
4 Baths
5,400 Sqft
Built in 2014
4.64 Acres
1 Story
On Beachfront
Parking Lot
Siding: Block, Stucco
Tile Roof
Central
$15,772 / yr property tax
Brevard County
Honeybrook Plantation Community
Additional Photos
Contact Information
Jason J Bucci
Century 21 Baytree Realty
321-591-5922
Location
Listing Agent: Jason J Bucci 321-591-5922
Broker: Century 21 Baytree Realty 321-591-5922 Listing Site
Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Century 21 Baytree Realty 321-591-5922 Listing Site
Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Aug 11, 2026
Photo Gallery
$2,900,000
--
Beds
4
Baths
5,400
Sqft
5120 N Hwy 1, Melbourne, FL 32940
By contacting this agent you agree to these Terms and Conditions.
MLS# 1066459
Unique Opportunity to Own Prime Commercial Real Estate in
$2,900,000
5120 N Hwy 1, Melbourne, FL 32940
--
Beds
4
Baths
5,400
Sqft
4.64
Acres
$2,900,000
5120 N Hwy 1, Melbourne, FL 32940
-- Beds
4 Baths
5,400 Sqft
4.64 Acres
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.
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Property Details
HOME DETAILS
0 Beds
4 Baths
5,400 Sqft
Built in 2014
4.64 Acres
1 Story
BEACH & VIEW
On Beachfront
EXTERIOR
Parking Lot
Siding: Block, Stucco
Tile Roof
INTERIOR
Central
FINANCIAL & COMMUNITY
$15,772 / yr property tax
Brevard County
Honeybrook Plantation Community
See More Details
Location
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Ad Statistics
Ad Number
7128289
Viewed
0 time
Listing Status
Active
Added
Jan 14, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
Space Coast Association of Realtors
Source Property ID
1066459
Listing Agent: Jason J Bucci 321-591-5922
Broker: Century 21 Baytree Realty 321-591-5922 Listing Site
Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Century 21 Baytree Realty 321-591-5922 Listing Site
Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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