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$2,900,000
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

$985,000
6 Beds ⋅ 3 Baths ⋅ 1087727 MLS
Intracoastal Waterway multi-unit property with no HOA located on a large tropical private lot surrounded by water and trees with a creek running alongside the southern edge of the property. Ideally located on the mainland directly across Pineda Causeway from Patrick Space Force Base and beautiful beaches. Minutes from Suntree/Viera and convenient shopping and restaurants. Near USSSA Space Coast Complex which is great for short term bookings. Completely renovated and professionally decorated perfectly finished for short term stays. This tropical oasis comes with 3 independent residential units and a full RV hook up site with its own fireplace and seating area. On site community laundry facility, storage rooms, locked supply room, covered parking and plenty of open space to allow for boat/RV parking or future expansion for more RV sites or Tiny Homes. Endless possibilities with this one of a kind property that is available for the very first time!

5010 N Us Highway 1, Palm Shores

$404,900
3 Beds ⋅ 2 Baths ⋅ 1087083 MLS
Welcome Home! This beautiful 3-bedroom, 2-bath home offers soaring ceilings, spacious living areas, and exceptional indoor-outdoor living. Enjoy a formal living room and dining room, plus a comfortable family room. The kitchen features newer appliances, abundant cabinets, generous storage, and a wall of glass overlooking the huge screened-in porch, creating a bright, inviting space perfect for entertaining or relaxing. The primary suite includes a bath with a double vanity, while closets throughout provide plenty of storage. Outside, enjoy a fully fenced backyard with lovely landscaping. Added features include a water softener, under-sink water filtration system, storm shutters, and portable generator with whole-house interlock interface for added peace of mind. A wonderful combination of comfort, style, space, and functionality! Conveniently located 15 minutes from Patrick Space force base, beaches and public boat launch on Indian River.

2220 Plantation Drive, Melbourne