For Sale
$1,275,000

508 Ocean AveMelbourne Beach, FL 32951

Melbourne Beach, FL income property.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional .31-acre property at 508 Ocean Avenue in Melbourne Beach, Florida, presents a unique investment opportunity. Situated on a 13,504 sq ft lot in the heart of downtown, this property currently features three free-standing buildings comprising four occupied rental units. The versatile zoning allows for a multitude of uses, including single-family homes, retail spaces, offices, or short-term/long-term rentals. Its prime location offers easy access to parks, the Atlantic Ocean, the Indian River, restaurants, shops, schools, and a library. Brevard County's extensive 72 miles of waterways add to the area's appeal. The property is listed in MLS under multiple categories, reflecting its diverse potential. Serious inquiries only; appointments are required to respect tenant privacy and avoid trespassing. This is a rare chance to acquire a substantial property in a thriving coastal community. The asking price is $1,275,000.

Highlights

  • $1,275,000 asking price.
  • .31-acre lot (13,504 sq ft) in Melbourne Beach, FL.
  • Multifamily property with four occupied units.
  • Prime downtown location on Ocean Avenue.
  • Zoned for various uses including residential, retail, or office.

Property Details for 508 Ocean Ave

Property type
Land, Apartment buildings

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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