Improved Commercial Land for Sale in Melbourne, Florida
5120 N Highway 1, Melbourne, FL 32940
Unique Opportunity to Own Prime Commercial Real Estate in Melbourne! 4.64 Acres of Direct US 1 and 300 ft. of Indian River Front Frontage; 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. Build on the other two parcels as you collect income from this beautiful building! Phase 1 Environmental Completed with approval for 33,000 square foot building. Height variance approved by the town of Palm Shores for this project. Will provide documentation; New 5 year leases in place on current building at ROI at approx 7%.
Location
- Street address
- 5120 N Highway 1
- County
- Brevard County
- Community
- Honeybrook Plantation
- Elevation
- 17 feet
Directions
From Pineda Causeway Head South on US 1 and Building is approx 3/4 mile on your right hand side.
Property details
- Acreage
- 4.64 acres
- MLS #
- SCAOR 1066459
- Posted
Property taxes
- 2025
- $15,772 - HONEYBROOK PLANTATION LOTS 5,6,7 EXC ORB 7354 PG 1031 & HWY R/W
Parcels
- 26-37-30-Dt-00000.0-0005.00
Legal description
HONEYBROOK PLANTATION LOTS 5,6,7 EXC ORB 7354 PG 1031 & HWY R/W
Details and features
Listing
- Type
- Commercial Sale
- Subtype
- Office
- Zoning
- Commercial
- Unit Count
- 2
- Franchise
- Century 21 Real Estate
Lot
- Waterfront
- Navigable Water
- Features
- Cleared
Exterior
- Parking
- Parking Lot
Structure
- Stories
- 1
- Water
- Public
- Sewer
- Public Sewer
- Heating
- Central
- Cooling
- Ceiling Fan(s), Central Air
- Materials
- Block, Stucco
- Roof
- Tile
Interior
- Rooms
- Bathroom x 4
- Flooring
- Carpet
Property utilities
| Category | Type | Status | Description |
|---|---|---|---|
| Water | Public | Available | — |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Jan 14, 2026 | New listing | $2,750,000 | — | SCAOR |