508 Ocean Ave Melbourne Beach, FL 32951
- Land
Current Use by Public Records
- Land
Property Details for 508 Ocean Ave
- Property type
- Land
- Property subtype
- Apartment buildings
Description
This exceptional .31-acre property at 508 Ocean Avenue in Melbourne Beach, Florida, presents a unique investment opportunity. Situated on a 13,504 sq ft lot in the heart of downtown, this property currently features three free-standing buildings comprising four occupied rental units. The versatile zoning allows for a multitude of uses, including single-family homes, retail spaces, offices, or short-term/long-term rentals. Its prime location offers easy access to parks, the Atlantic Ocean, the Indian River, restaurants, shops, schools, and a library. Brevard County's extensive 72 miles of waterways add to the area's appeal. The property is listed in MLS under multiple categories, reflecting its diverse potential. Serious inquiries only; appointments are required to respect tenant privacy and avoid trespassing. This is a rare chance to acquire a substantial property in a thriving coastal community. The asking price is $1,275,000.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Melbourne Beach
- County
- Brevard
- State
- Florida
- Longitude
- -80.5641
- Latitude
- 28.0687
