Current Use by Public Records
- Retail properties & Spaces
Property Details for 4104 Highway 1
- Year built
- 1952
- Property type
- Retail properties & Spaces
- Property subtype
- Land
Description
This exceptional commercial property, located at 4104 N Highway 1 in Melbourne, Florida (zip code 32935), presents a unique investment opportunity. The 3.44-acre lot boasts 150,282 square feet of land and features five units within a single-story building constructed in 1952. The front buildings (4104 & 4106) have undergone recent updates, making them suitable for a variety of uses, including office, retail, or residential purposes. The property benefits from excellent visibility and high traffic volume, with approximately 35,000 cars passing daily on US Highway 1. Currently zoned BU-1 & RU-1-7, the property offers multiple development possibilities. A significant advantage is the proximity to a sewer line (adjacent VFW), enabling potential expansion into a multi-unit residential project (estimated 30 units). The elevated location provides a 100% usable lot with unobstructed views of the Indian River Coastal Waterway and stunning sunrises. The asking price is $2,700,000. This property is ideally suited for a buyer seeking to maximize its potential through a combined acquisition and redevelopment strategy.
Value Estimations
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AI approach
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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
- -80.6486
- Latitude
- 28.1738
