308 Orange St Melbourne Beach, FL 32951-2628
This exceptional commercial property, located at 308 Orange Street in Melbourne Beach, Florida (zip code 32951), presents a unique investment opportunity. Situated on a substantial 20,473.2 square foot lot – approximately half an acre – this property enjoys a prime corner location just one block from both the Atlantic Ocean and the Indian River. The single-story building, constructed in 1973, features a newly installed roof (2017), minimizing immediate maintenance concerns. Currently zoned for retail use, this versatile property offers significant potential for redevelopment or repurposing. The expansive lot size allows for various development options, catering to a wide range of commercial ventures. Its proximity to the ocean and the Indian River provides unparalleled access to recreational activities and stunning natural beauty, making it an attractive location for businesses and customers alike. The asking price for this exceptional property is $750,000. This is a rare chance to acquire a highly desirable commercial property in a sought-after coastal location. The property's location, combined with its size and recent roof replacement, makes it an ideal investment for those seeking a high-return opportunity in a thriving Florida market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
2RS · Melbourne Beach, FLMelbourne Beach. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.