8 Beds
8 Baths
6,857 SqFt
8 Beds
8 Baths
6,857 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,857 sqft
Price per Sqft $692
Subdivision Melbourne Shores 1St Addn
MLS Listing ID 1010359
Bedrooms 8
Full Baths 8
HOA Y/N No
Total Fin. Sqft 6857
Year Built 1958
Annual Tax Amount $17,499
Tax Year 2023
Lot Size 1.530 Acres
Acres 1.53
Property Sub-Type Multi Family
Source Space Coast MLS (Space Coast Association of REALTORS®)
Property Description
Incredible opportunity to acquire 1.53 acres of direct oceanfront commercial property at a significantly reduced price. This is one of the most valuable and versatile parcels available on the coast.
Zoned commercial with daily rental allowed, the property is ideal for a wide range of high-impact uses. Build a boutique resort, a luxury short-term rental compound, an oceanfront wedding and event venue, or a signature restaurant with unmatched views. The zoning supports retail, hospitality, and mixed-use concepts, making it a truly flexible asset.
The land offers direct beach access and sweeping ocean views. Its size, zoning, and location make it nearly impossible to replicate in today's market.
With a $500,000 price improvement, this is a serious value-add opportunity for developers, hospitality groups, or investors looking for a 1031 exchange or long-term hold.
Location
State FL
County Brevard
Area 385 - South Beaches
Direction From Rt. 192 turn right on A1A to the Town of Melbourne Beach ( Ocean Avenue ) turn left and head south of A1A for 7 miles to 5925 A. Highway A1A. Melbourne Shores.
Interior
Heating Electric, Varies by Unit, Other
Cooling Central Air, Electric, Wall/Window Unit(s)
Flooring Tile
Furnishings Partially
Appliance Dryer, Electric Oven, Microwave, Refrigerator, Washer, Washer/Dryer Stacked, Water Softener Owned
Laundry Common Area
Exterior
Exterior Feature ExteriorFeatures
Parking Features Additional Parking, Garage, RV Access/Parking, Shared Driveway
Garage Spaces 2.0
Utilities Available Cable Available
Amenities Available Management - Off Site, Management - On Site
View Beach, Water
Roof Type Metal,Other
Present Use Commercial,Hotel/Motel,Office
Street Surface Asphalt,Paved
Road Frontage Highway
Garage Yes
Private Pool No
Building
Faces East
Sewer Septic Tank
Water Shared Well, Well
New Construction No
Schools
Elementary Schools Gemini
High Schools Melbourne
Others
Senior Community No
Tax ID 29-38-14-Gz-00004.0-0015.00
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Owner Licensed RE
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