For Sale
$138,500

2321 Stone St Melbourne, FL 32901

Prime location, high development potential.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 7,405 square foot property, located at 2321 Stone Street in Melbourne, Florida (zip code 32901), presents a unique investment opportunity. The land is zoned C-3 Mixed Use, offering remarkable flexibility for a variety of development projects. Currently encompassing two vacant lots totaling 0.34 acres, this site allows for the construction of up to 34 multifamily units, or a combination of office, retail, residential, or even self-storage facilities. An additional 0.10 acres is available at the rear of the property, contingent upon completion of a simple abandonment and vacate form (details available in provided documents). Situated in a community redevelopment area, this location benefits from various financial incentives designed to encourage development. The property's proximity to Crane Creek (less than 600 feet) and the Melbourne Causeway (less than half a mile) adds to its appeal. Utilities are readily available. This property is ideally suited for investors seeking to capitalize on the significant growth and development currently underway in the immediate neighborhood, offering substantial investment potential. The asking price is $138,500.

Highlights

  • 7,405 SF lot at 2321 Stone Street, Melbourne, FL 32901.
  • C-3 Mixed-Use zoning allows for multifamily (up to 34 units), office, retail, or self-storage development.
  • 0.34-acre site with potential for an additional 0.10 acres.
  • Located in a community redevelopment area with available financial incentives.
  • Excellent location near Crane Creek and the Melbourne Causeway.
  • Asking price: $138,500.

Property Details for 2321 Stone St

Property type
Mixed-use properties, Land

Location Insight

City
Melbourne
County
Brevard
State
Florida
Latitude
28.073449
Longitude
-80.602941

FAQs

What type of property is this?
Mixed-use property - Prime location, high development potential.
Where is the mixed-use property located?
The property is located at 2321 Stone St Melbourne, FL.
What is the asking price?
The asking price for this property is $138,500.
What are key features of this property?
This property features: 7,405 SF lot at 2321 Stone Street, Melbourne, FL 32901.; C-3 Mixed-Use zoning allows for multifamily (up to 34 units), office, retail, or self-storage development.; 0.34-acre site with potential for an additional 0.10 acres.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2321 Stone St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message