Homes for sale - 1322 Oak ST, Melbourne, FL 32901

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Tyler Fox

tfox@sorensenrealestate.com +1(772) 538-3733

$ 899,000

Est. payment | -/mo

2 Baths

5,298 SqFt

Save Virtual Tour

$ 899,000

Est. payment | -/mo

Save Virtual Tour

2 Baths

5,298 SqFt

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 5,298 sqft

Price per Sqft $169

Subdivision Woodlawn Park Replat

MLS Listing ID 1060409

Total Fin. Sqft 5298

Year Built 1957

Annual Tax Amount $12,263

Tax Year 2023

Lot Size 0.570 Acres

Acres 0.57

Property Sub-Type Office

Source Space Coast MLS (Space Coast Association of REALTORS®)

Property Description

Excellent investment opportunity combining immediate income with significant redevelopment potential. This 0.57-acre property features two durable, concrete block office buildings in a strategic Melbourne location. The larger building, approximately 3,900 sq. ft., is perfect for an owner-user or can be leased for additional income. The second building, approximately 1,300 sq. ft., is currently tenant-occupied, providing a steady income stream from day one. Adding to its value, the smaller building features a new roof installed in 2024, minimizing near-term capital expenditures for the new owner. Beyond the stability of the current setup, the property's immense upside is its highly sought-after R-P zoning. This flexible designation offers a clear path for future development. This is a unique chance for an investor to acquire a cash-flowing asset while planning a long-term strategy, or for an owner-user to occupy the larger space while benefiting from rental income.

Location

State FL

County Brevard

Area 330 - Melbourne - Central

Direction Directions from US-1 (Harbor City Blvd): From US-1, turn west onto Fee Avenue. Continue on Fee Avenue for about 0.6 miles. Turn left onto Oak Street. Continue south on Oak Street to the 1300 block. 1322 Oak Street will be on your right.

Interior

Inclusions Building & Land

Exterior

Exterior Feature ExteriorFeatures

Parking Features Other

Garage No

Building

Lot Description Other

Sewer Public Sewer

Water Public

Others

Senior Community No

Tax ID 27-37-34-51-00000.0-0354.00

Virtual Tour https://www.propertypanorama.com/instaview/spc/1060409

Space Coast Association of Realtors (Brevard MLS)

Listed by Waterman Real Estate Inc.

GET MORE INFORMATION

Tyler Fox

REALTOR®

tfox@sorensenrealestate.com

+1(772) 538-3733

1961 14th Ave, Vero Beach, FL, 32960, USA

1322 Oak ST Melbourne, FL 32901

Tyler Fox

Key Details

Location

Interior

Exterior

Building

Others

1322 Oak ST