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Medical Office Space with Clean Room
For Lease
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1515 Elizabeth St, Melbourne, FL 32901

Gross and NNN lease structure with reception, multiple entrances, and perimeter offices plus interior clean room and lab area.

Space Size4,300 SF
Days on Market478

Property Features for 1515 Elizabeth St

General Information

Standard status Active
Size 4,300 SF
Property subtype OFFICE

Amenities

Interior Clean Room and Lab Area
Front Area for Reception or Storefront Retail
Multiple Large Open Areas
Perimeter Offices
Multiple Entrance Points

Spaces For Lease

at 1515 Elizabeth St Contact us

1515 Elizabeth St $17/SF/Yr

Floor
1
Size
4,300 SF
Type
OFFICE
Availability
AVAILABLE, Now
Sublease
No
- Lease type (Gross; NNN) - Formerly Used as a Compounding Pharmacy, with Interior...
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Listing Agency: Lightle Beckner Robison, Inc.
Listed By: Brian L. Lightle · License #510409
Source: Moodyscre
Added: Apr 23, 2025 Changed: Aug 8 Last Checked: Aug 12 at 9:58AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lightle Beckner Robison, Inc.

Investment Insights

Based on property information with market context.

This medical office space features an interior clean room and lab area, supported by a front area suited for reception or storefront retail. The layout also includes multiple large open areas, perimeter offices, and multiple entrance points to support flexible access and tenant workflows.

The space is offered for rent with a gross and NNN lease structure. At 4,300 square feet, it can accommodate a range of medical office and lab-adjacent uses that benefit from both open working areas and surrounding office space.

Formerly used as a compounding pharmacy, the interior improvements may appeal to tenants looking for a functional patient-facing reception zone paired with controlled lab and clean room space.

Key Highlights

  • 4,300 SF medical office space for rent
  • Interior clean room and lab area
  • Front area for reception or storefront retail

Property Analytics

Current Use

Quinn Aesthetics, LLC Hair Salon Complete Care Centers ... Medical Clinic Florida Safety Council Training Center All Fire and Access Security Service

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Grocery & Convenience Store Veterinary Clinic Electrical Service Storage Facility Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,897
Businesses Nearby
Under-served
Demand for This Use

Demographics for 32901, FL

26,286
Population
13,241
Households
2
Avg Household Size
46
Median Age
31%
College-Educated
90%
High-School Grad
12.1 sq mi
ZIP Area
2,172
Density / Sq Mi
$50,646
Median Household Income
$31,929
Median Earnings
$1,349
Median Rent
$244,500
Median Home Value

Market

Lease Benchmarks for Melbourne, FL

$21.18 /SF/Yr
Avg Asking Price
$6.19–$32 /SF/Yr
Price Range
4,054 SF
Avg Space Size

This space is priced 20% below the average of $21.18 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Gross and NNN lease structure with reception, multiple entrances, and perimeter offices plus interior clean room and lab area.
Where is this medical office space located?
The property is located at 1515 Elizabeth St Melbourne, FL.
What is the lease rate?
The lease rate is $17 SF/Yr.
What are key features of this property?
This property features: 4,300 SF medical office space for rent; Interior clean room and lab area; Front area for reception or storefront retail
(321) 863-3228 Call to check price and availability
More about this property
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