5950 Highway A1A Melbourne Beach, FL 32951
This exceptional 10,890 square foot commercial lot in Melbourne Beach, Florida, presents a rare opportunity for development. Located at 5950 Highway A1A, this corner lot boasts tranquil ocean views, capturing both stunning sunrises and picturesque sunsets over the river. Its prime location offers unparalleled access to the idyllic beach park across the street and a charming river park just a short distance away. The property is situated in the desirable 32951 zip code of Brevard County. For added convenience, Melbourne Shores residents enjoy exclusive access to a private community river park complete with a dock, boat ramp, playground, and kayak storage. Due diligence has already been completed, with environmental studies and a survey already finished, streamlining the development process. A pre-existing house plan is available, thoughtfully designed to incorporate a separate guest house and a swimming pool, adding to the property's potential. This is an exceptional chance to build your dream project in a highly sought-after coastal location, offering endless possibilities for commercial development. The asking price for this remarkable property is $397,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.