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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.

5 Baths ⋅ 1085710 MLS

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.

5120 N Us Highway 1, Melbourne

Wonderful family home with newer roof 2020, water heater 2024,AC 2017 and a clear termite report. Located in popular Palm Shores, this home is just 13 minutes to Patrick Space Force Base, 15 minutes to beautiful beaches, and 12 minutes to I-95 and Costco. Convenient access to restaurants, shopping, and everyday essentials makes this an ideal location. This home offers an ideal floor plan with 3 bedrooms, 2 baths, two living areas, and a split bedroom layout placing the primary suite on the opposite side of the home for added privacy. Tile flooring runs through the main living areas, and both bathrooms feature updated showers. Additional highlights include a flex room or dining room, breakfast bar, and an eat-in kitchen area. Enjoy year-round outdoor living on the expansive screened porch with tile flooring, newer wood ceiling & patio furniture stays w/home. Natural gas for heating, dryer, range, and water heater.

3 Beds ⋅ 2 Baths ⋅ 1080089 MLS

Wonderful family home with newer roof 2020, water heater 2024,AC 2017 and a clear termite report. Located in popular Palm Shores, this home is just 13 minutes to Patrick Space Force Base, 15 minutes to beautiful beaches, and 12 minutes to I-95 and Costco. Convenient access to restaurants, shopping, and everyday essentials makes this an ideal location. This home offers an ideal floor plan with 3 bedrooms, 2 baths, two living areas, and a split bedroom layout placing the primary suite on the opposite side of the home for added privacy. Tile flooring runs through the main living areas, and both bathrooms feature updated showers. Additional highlights include a flex room or dining room, breakfast bar, and an eat-in kitchen area. Enjoy year-round outdoor living on the expansive screened porch with tile flooring, newer wood ceiling & patio furniture stays w/home. Natural gas for heating, dryer, range, and water heater.

2390 Honeybrook Creek Drive, Melbourne