For Sale
$1,275,000

508 Ocean AveMelbourne Beach, FL 32951

Prime Beachfront Multifamily Property, 4 Units

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional mixed-use property at 508 Ocean Avenue, Melbourne Beach, FL 32951, presents a rare investment opportunity. Situated on a spacious 13,503.6 square foot lot, this property boasts four individual units currently generating rental income within three free-standing buildings. Built in 1900, the property offers significant potential for various ventures, including retail, office space, or a combination thereof. Its prime location between the Atlantic Ocean and the Indian River provides unparalleled coastal charm and convenient access to three international airports, attracting both residents and visitors. The property's proximity to renowned fishing and surfing spots, as well as the awe-inspiring rocket launches to the north, adds to its unique appeal. This expansive lot allows for future improvement, redevelopment, or renovation, catering to a wide range of investment strategies. The property is zoned for mixed-use, multifamily, and land uses, offering flexibility for diverse development plans. While currently operating as a multifamily rental property, the potential for expansion and diversification is substantial. Serious inquiries only

Highlights

  • Exceptional mixed-use investment opportunity in Melbourne Beach, FL.
  • 13,503.6 sq ft lot with four income-producing units in three buildings.
  • Built in 1900, offering retail, office, or mixed-use potential.
  • Prime coastal location near beaches, airports, and attractions.
  • Mixed-use zoning allows for diverse development options.

Property Details for 508 Ocean Ave

Property type
Mixed-use properties, Land
Year Built
1900
Units
4

Location Insight

City
Melbourne Beach
County
Brevard
State
Florida
Latitude
28.0687015
Longitude
-80.5641129
508 Ocean Ave, Melbourne Beach, Florida

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508 Ocean Ave
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