Prime Commercial Real Estate
5120 N Highway 1, Melbourne, FL 32940
COMMERCIAL - Melbourne, FL
Type:Office
Property size:
5,400 SFLot size:
4.64 AcresPrice / SF:
$537/SF- Added:
- Jan 14, 2026
- Days on Market:
- 120
- Last Refresh:
- May 14 at 7:06 pm
Property Features for 5120 N Highway 1
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 1
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 26-37-30-Dt-00000.0-0005.00
- Size
- 5,400 SF
- Lot size
- 4.64 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- HONEYBROOK PLANTATION LOTS 5,6,7 EXC ORB 7354 PG 1031 & HWY R/W
- Tax Annual Amount
- 15772
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Ceiling Fan(s), Central Air
- Water source
- Public
- Water front features
- Navigable Water
- Water front
- 1
Building Details
- Year built
- 2014
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile, Carpet
- Building materials
- Block, Stucco
- Roof type
- Tile
Listing agent Jason J Bucci License #3045210 (321) 591-5922
Listing office CENTURY 21 Baytree Realty 5120 N US Hwy 1 #102, Rockledge, FL (321) 255-2600
Listing date Jan 14, 2026
MLS# 1066459
Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime commercial real estate on 4.64 acres with direct US 1 and 300 ft. of Indian River frontage.
- Existing 5400 sq ft concrete block building with tile roof, fully occupied with long‑term leases and a 7% CAP rate.
- Potential to break the property into three parcels, allowing for phased development.
- Phase 1 Environmental completed with approval for a 33,000 sq ft building and a special height variance.
- Income‑generating property with existing tenants and owner occupancy, providing immediate cash flow.
- Waterfront property with navigable water access.
Overview
This commercial real estate offering in Melbourne, Florida, presents a unique opportunity with 4.64 acres of land directly on US 1, including 300 feet of frontage on the Indian River. The property can be divided into three parcels. One of these potential parcels features a 5,400 square foot concrete block building with a tile roof, which is currently fully occupied with long-term leases. The building is valued at $1.7 million, while the additional 3.39 acres are valued at $1.2 million. The building has a CAP rate of 7%. The existing building is fully occupied, with 3,600 square feet occupied by the owner, who has long-term plans to remain. Both tenants have 5-year leases in place. The property offers the potential to build on the other two parcels while collecting income from the existing building. A Phase 1 Environmental assessment was completed in December 2025, with approval for a 33,000 square foot building. A special height variance has been approved by the town of Palm Shores for this project.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Melbourne
- County
- Brevard
- State
- Florida
- Longitude
- -80.689889
- Latitude
- 28.264099
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - 4.64 acres with US 1 frontage and income-producing building.
Where is this commercial land located?
The property is located at 5120 N Highway 1 Melbourne, FL.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Prime commercial real estate on 4.64 acres with direct US 1 and **300 ft. of Indian River frontage.**; Existing 5400 sq ft concrete block building with tile roof, fully occupied with long‑term leases and a **7% CAP rate.**; Potential to break the property into three parcels, allowing for phased development.
