About This Home

This 0-bedroom, 5-bathroom commercial at 5120 N Us Highway 1 in Melbourne, FL is listed for $2,900,000 ($537 per sqft). Built in 2014, the home offers 5,400 sqft of living space on a 4.64 acres lot.

Key Features

  • Built in 2014
  • 4.64 acre lot
  • Waterfront

Property Details

1 story
5 full
2014

Amenities

WaterfrontA/C
Listing Description

Unique Opportunity to Own Prime Commercial Real Estate in Melbourne! 4.64 Acres of Direct US 1 with 300 ft. of Indian River Front Frontage (can be used for residential); can be broken up into three parcels total. One of the three potential parcels has a beautiful concrete block 5400 square foot tile roof building and is currently fully occupied with long term leases in place.

The 5400 Sq ft. building is being valued at 1.7 million with the additional 3.39 acres being valued at 1.2 million. The CAP RATE for the 5400 Sqft building is 7%. The building is currently fully occupied (3600 sq ft occupied by the owner with long term plans to stay) with 5 year leases in place for both tenants.

Build on the other two parcels as you collect income from this beautiful building! Phase 1 Environmental Completed Dec. 2025 with approval for 33,000 square foot building. A special height variance is approved by the town of Palm Shores for this project. Will provide documentation upon request.

Monthly Cost Estimate

$15,510/mo

20% down · 6.5% · 30 years

Principal$2,097
Interest$12,567
Insurance$846

Estimates only. Actual payments may vary.

Location

5120 N Us Highway 1

Melbourne, FL 32940

Honeybrook Plantation

Property Details

Flooring

TileCarpet

Construction

Block

Parking

Parking Lot

Cooling

Central Air

Questions & Answers

This 0-bedroom, 5-bathroom commercial at 5120 N Us Highway 1 is listed at $2,900,000 ($537/sqft). The estimated monthly payment is $15,510 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 2014, 4.64 acre lot, Waterfront.

This property is listed by Jason J Bucci.

JB

Jason J Bucci

Agent at Century 21 Baytree Realty

Listed by Century 21 Baytree Realty · Broker phone: (321) 591-5922 · Broker website

MLS# 1085710· Source: Space Coast Association of Realtors· 69 days on PropertySimple

Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

5120 N Us Highway 1, Melbourne, FL 32940

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