5120 N Us Highway 1, Melbourne, FL 32940
$2,900,000
Property Type:
Commercial Sale
Baths:
5
Square Footage:
5,400
Lot Size (sq. ft.):
202,118
Status:
Active
Current Price:
$2,900,000
List Date:
8/22/2026
Last Modified:
8/22/2026
Overview
Description
Listing Details MLS# 1085710
General Property Information
- Number Of Units Total
- 2
- Stories Total
- Yes
- Bathrooms Total
- 5
- Building Area Total
- 5400
- Building Area Source
- Public Records
- Year Built
- 2014
- Lot Size Acres
- 4.64
- Land Lease YN
- No
- Association YN
- No
- Waterfront YN
- Yes
- List Price/SqFt
- 537.04
Property Features
Construction Materials:
Block
Cooling:
Central Building
Current Use:
Office
Existing Lease Type:
Gross
Fencing:
Vinyl
Flooring:
Carpet; Tile
Lot Features:
Cleared
Parking Features:
Parking Lot
Possession:
Close Of Escrow
Road Frontage Type:
State Road
Roof:
Tile
Sale Includes:
Building Only
Security Features:
Closed Circuit Camera(s)
Sewer:
Public Sewer
Showing Considerations:
Occupied
Showing Requirements:
Appointment Only; Call Listing Agent; Listing Agent Must Accompany
Special Listing Conditions:
Standard
Water Source:
Public
Waterfront Features:
Intracoastal; River Access; River Front
Contract Information
- Original List Price
- 2900000
- Listing Contract Date
- 2026-08-21
- Property Sub Type
- Office
- Comp Sale YN
- No
Location Tax and Legal
- Street Number
- 5120
- Street Direction Prefix
- N
- Street Name
- Us Highway 1
- County
- Brevard
- State
- FL
- Postal Code
- 32940
- MLS Area Major
- 322 - NE Melbourne/Palm Shores
- Subdivision Name
- Honeybrook Plantation
Remarks and Miscellaneous
- Public Remarks
- 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.
Status Change Information
- Major Change Timestamp
- 2026-08-22T02:47:21Z
- Major Change Type
- New Listing
- Status Change Timestamp
- 2026-08-21
More Information
Building Features
- % Air Conditioned or Heated
- 5400
Unit 1 Details
- Unit ID
- 102
- Annual Rent
- 32400
- Unit SqFt
- 1800
- # Units (This Type)
- 102
- Furnished
- Unfurnished
- Unit Remarks
- Real Estate Office
Unit 2 Details
- Unit ID
- 104
- Annual Rent
- 111600
- Unit SqFt
- 3600
- # Units (This Type)
- 104
- Furnished
- Unfurnished
- Unit Remarks
- Title Company
Listing Office:
CENTURY 21 Baytree Realty
Last Updated: August - 22 - 2026
Information is deemed to be reliable, but is not guaranteed.