1811 Riverview Dr Melbourne, FL 32901-4711

This exceptional 22,216 square foot commercial and residential land parcel is situated at 1811 Riverview Drive in historic downtown Melbourne, Florida (zip code 32901). Currently zoned C-1, allowing for mixed residential and commercial development, this property presents a unique investment opportunity. The site boasts approximately 165 feet of stunning waterfront access, offering breathtaking views of the Indian River, causeway, and barrier island. Existing approvals are in place for the construction of four townhouses, but the zoning allows for the potential development of up to six. A previously existing structure features a recently installed metal roof and other upgrades, strengthening its foundation for potential multi-level development, such as a restaurant or bar, capitalizing on the spectacular river views. The flexible zoning also opens possibilities for a variety of uses, including a multi-unit condominium (up to 50 units), office spaces, retail establishments, or a combination thereof. This prime location in the heart of historic downtown Melbourne offers unparalleled access to local amenities and attractions. Don't miss this rare chance to acquire a versatile waterfront property with significant development potential. The asking price is $1,949,900.