4104 Highway 1Melbourne, FL 32935

Property Details for 4104 Highway 1

Year built

1952

Property type

Other commercial real estate

Property subtype

Other retail properties

Description

This exceptional commercial property, located at 4104 N Highway 1 in Melbourne, Florida (zip code 32935), presents a unique investment opportunity. The 3.44-acre lot boasts 150,282 square feet of land and features five units within a single-story building constructed in 1952. The front buildings (4104 & 4106) have undergone recent updates, making them suitable for a variety of uses, including office, retail, or residential purposes. The property benefits from excellent visibility and high traffic volume, with approximately 35,000 cars passing daily on US Highway 1. Currently zoned BU-1 & RU-1-7, the property offers multiple development possibilities. A significant advantage is the proximity to a sewer line (adjacent VFW), enabling potential expansion into a multi-unit residential project (estimated 30 units). The elevated location provides a 100% usable lot with unobstructed views of the Indian River Coastal Waterway and stunning sunrises. The asking price is $2,700,000. This property is ideally suited for a buyer seeking to maximize its potential through a combined acquisition and redevelopment strategy.

Location Insight

City

Melbourne

County

Brevard

State

Florida

Latitude

28.1738

Longitude

-80.6486

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