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    4399 Us-1 Melbourne, FL 32935

    For Sale
    $4,990,000

    Prime waterfront marina & home, high NOI.

    Property size:
    2,307 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 4.18-acre property in Melbourne, Florida, presents a unique investment opportunity. The site boasts a permitted 96-slip marina (50 wet, 46 dry slips) complete with docks, piers, and a private boat ramp, all situated within a 1.92-acre man-made basin protected by a 146-foot concrete breakwater. The property also includes a 2,307 square-foot, four-bedroom, three-bathroom home overlooking the Indian River Lagoon, offering potential rental income or personal use. A 2,263 square-foot retail office and service shop with a fenced yard is also included. The property features 490 feet of US Highway 1 frontage, providing exceptional visibility and accessibility. Built in 1966 and renovated in 1990, the property is zoned BU-1, allowing for multiple permitted uses. The marina basin has undergone complete restoration, including new docks, electric, water, and dredging to -5 feet. The property enjoys a strong net operating income (NOI) of $225,600 and is offered at $4,990,000. Its location offers proximity to popular beaches and is less than an hour from Orlando's theme parks. The property's waterfront location and access to the Indian River Lagoon provide significant added value. The current tenant is One Water Marine. This is a rare opportunity to acquire a fully operational marina with significant upside potential. The property's location in Brevard County, one of Florida's fastest-growing counties, ensures long-term growth prospects.

    Property Features for 4399 Us-1

    General Information

    Property type
    Marinas
    Square Feet
    2,307 SF
    Lot Size
    182,081 SF

    Building Details

    Year Built/Renovated
    1966/1990

    HighLights

    • Secure income from a NNN lease with One Water Marine (NASDAQ: ONEW).
    • 4.18‑acre site with US Hwy 1 and Indian River Lagoon frontage.
    • 96‑slip marina (50 wet, 46 dry slips) with permits.
    • Private boat ramp.
    • Fully restored 1.9‑acre marina basin with new docks, utilities, and dredging; protected by a 146‑foot concrete breakwater.
    • Includes a 2,307 SF, 4‑bedroom, 3‑bathroom waterfront home.
    Property Profile Location Intelligence

    Current Use by Public Records

    Marinas

    Map

    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.650163196628
    Latitude
    28.178389314048

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    FAQs

    What type of property is this?
    Marina - Prime waterfront marina & home, high NOI.
    Where is this marina located?
    The property is located at 4399 Us-1 Melbourne, FL.
    What is the asking price?
    The asking price for this property is $4,990,000.
    What are key features of this property?
    This property features: Secure income from a NNN lease with One Water Marine (NASDAQ: ONEW).; 4.18-acre site with US Hwy 1 and Indian River Lagoon frontage.; 96-slip marina (50 wet, 46 dry slips) with permits.
    Request Owner's contact information
    4399 Us-1 Melbourne, FL 32935
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    Melbourne, FL 32935
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4399 Us-1 Melbourne, FL 32935
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