4399 Us-1 Melbourne, FL 32935
- Specialty properties
- 2,307 SF
- 4.18 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 4399 Us-1
- Year built
- 1966
- Lot size
- 4.18 lot acres
- Property size
- 2,307 SF
- Property type
- Specialty properties
- Property subtype
- Marinas
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Melbourne
- County
- Brevard
- State
- Florida
- Longitude
- -80.6502
- Latitude
- 28.1784
