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Class A Riverfront Office Building
For Lease
$26 SF/Yr

5700 N Hwy 1, Melbourne, FL 32940

Class A office building with Indian River frontage, floor-to-ceiling windows, and high ceilings, offering ample parking.

Space Size6,659 SF - 8,835 SF
Property Size71,565 SF
Days on Market213

Property Features for 5700 N Hwy 1

General Information

Standard status Active
Size 6,659 SF - 8,835 SF
Class A
Property subtype Office
Lease Term NNN

Building Details

Building Size 71,565 SF
Year Built 2009

Spaces For Lease

at 5700 N Hwy 1 Contact us

1st Floor $26/SF/Yr

Size
8,835 SF
Term
Negotiable
Contact us

2nd Floor $26/SF/Yr

Size
6,659 SF
Term
Negotiable
Contact us
Listing Agency: Lightle Beckner Robison, Inc.
Listed By: Rob Beckner, SIOR · License #FL #SL707053
Source: Teamlbr
Added: Feb 18 Changed: Sep 12 Last Checked: Sep 18 at 5:03AM

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.

The Meridian Center is a Class A office building with Indian River frontage and high-end interior environment designed for modern business use. The building features a bright, open lobby and select suites with sweeping views of the Indian River. Office spaces include floor-to-ceiling windows and high ceilings.

The property is located at the corner of US-1 and Pineda Causeway, providing prominent visibility. It also offers ample parking and on-site professional management.

The building is LEED-certified and engineered for hurricane safety, with wind resistance exceeding 175 mph, along with energy-efficient systems throughout.

Key Highlights

  • 2009‑built Class A office building with Indian River frontage
  • LEED‑certified for sustainability and energy efficiency
  • Designed for hurricane safety with wind resistance exceeding 175 mph

Property Analytics

Current Use

Glover Orndorf and Flanagan ... Financial Advisor

Suggested Use

Top Pick Auto Parts Store Building Supply Furniture & Home Goods Grocery & Convenience Store Auto Repair Shop Kitchen & Bath Showroom

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
$3.90 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

98
Businesses Nearby

Demographics for 32940, FL

44,869
Population
21,433
Households
2.1
Avg Household Size
51
Median Age
52%
College-Educated
97%
High-School Grad
57.3 sq mi
ZIP Area
783
Density / Sq Mi
$106,511
Median Household Income
$56,072
Median Earnings
$1,904
Median Rent
$444,100
Median Home Value

Market

Lease Benchmarks for Melbourne, FL

$25.69 /SF/Yr
Avg Asking Price
$12–$61.36 /SF/Yr
Price Range
15,057 SF
Avg Space Size

This space is priced 1% above the average of $25.69 /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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Class A office building with Indian River frontage, floor-to-ceiling windows, and high ceilings, offering ample parking.
Where is this office building located?
The property is located at 5700 N Hwy 1 Melbourne, FL.
What is the lease rate?
The lease rate is $26 SF/Yr.
What are key features of this property?
This property features: 2009‑built Class A office building with Indian River frontage; LEED‑certified for sustainability and energy efficiency; Designed for hurricane safety with wind resistance exceeding 175 mph
More about this property
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