5120 Highway 1 Melbourne, FL 32940

This exceptional commercial property, located at 5120 N Highway 1 in Palm Shores, Florida (zip code 32940), presents a unique investment opportunity. The 4.64-acre site boasts 300 feet of Indian River frontage and direct US Highway 1 access, offering unparalleled visibility and accessibility. The property is comprised of three potential parcels, one of which features a 5,400 square foot building constructed in 2014. This building is a concrete block structure with a tile roof, currently 100% occupied by multiple tenants under net leases with a remaining term of 10 years. The existing building provides immediate income generation. The remaining two parcels offer significant development potential, allowing for expansion or the creation of additional income streams. The owner is willing to sell the outparcels separately for $500,000 each. The total asking price for the entire 4.64-acre property, including the existing building, is $2,750,000. This property is zoned for commercial use and offers a rare combination of existing income and future development possibilities in a high-traffic location. The property's size is 202,118.4 square feet. This is a truly exceptional opportunity for investors seeking a strong return on investment in a prime Florida location.