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Mixed-Use Building with Apartments
For Sale
$3,200,000

2012 Vernon Place, Melbourne, FL 32901

Four separately metered units combine ground-floor professional space with remodeled upstairs apartments.

Property Size5,178 SF
Price / SF$617
Days on Market77

Property Features for 2012 Vernon Place

General Information

Standard status Active
Size 5,178 SF
Property subtype Commercial
Zoning C-3
Lease Term []

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2
Office Units 2

Additional Details

Utilities to Site Yes

Amenities

security fencing
separate storage area
exterior lighting

Building Details

Year Built 2003
Buildings 1
Stories 2
Construction CBS block
Tenancy Multi
Listing Agency: One Sotheby's International
Listed By: James Edmunds
Source: Onesothebysrealty
Added: Jun 22 Changed: Sep 5 Last Checked: Aug 26 at 1:06PM

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 One Sotheby's International

Investment Insights

Based on property information with market context.

Built in 2003, this 4,800-square-foot C-3 mixed-use CBS block building contains two permitted commercial or medical office suites on the ground floor and two remodeled two-bedroom, one-bath apartments above. The office suites have separate front entries and an interior connecting door, supporting either independent occupancy or a combined layout. Tile flooring serves the commercial level, while the apartments feature real wood floors, newer appliances, and a dedicated washer and dryer room.

The property is located in the Downtown Melbourne area and includes an owned parking lot, secured fencing, exterior lighting, and a separate storage area. The residential portion also has a private fenced area. Each of the four units has its own electric meter, with one shared water meter, and a metal roof covers the building.

Key Highlights

  • 4,800‑square‑foot C‑3 mixed‑use CBS block building
  • Two permitted commercial/medical office suites with separate entrances and an interior connecting door
  • Two remodeled 2‑bedroom, 1‑bath apartments

Property Analytics

Current Use

Advanced Medical - Center ... Medical Clinic Advanced Medical: CPRx, ... Physician Michael Halprin, MN Physician 2012 Vernon Pl ... Parking Lot & Garage

Suggested Use

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

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

2
Office units
2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,835
Businesses Nearby

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

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?
Mixed-use property - Four separately metered units combine ground-floor professional space with remodeled upstairs apartments.
Where is this mixed-use property located?
The property is located at 2012 Vernon Place Melbourne, FL.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 4,800‑square‑foot C‑3 mixed‑use CBS block building; Two permitted commercial/medical office suites with separate entrances and an interior connecting door; Two remodeled 2‑bedroom, 1‑bath apartments
More about this property
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