Supplements: The zoning designation allows for significant vertical development potential, with no setback requirements and a maximum building height of up to 96 feet. Conceptual capacity includes the ability to construct up to 36 residential units integrated with ground-floor commercial mix use. The property is located within a highly walkable, amenity-rich e ... (Read more) The zoning designation allows for significant vertical development potential, with no setback requirements and a maximum building height of up to 96 feet. Conceptual capacity includes the ability to construct up to 36 residential units integrated with ground-floor commercial mix use. The property is located within a highly walkable, amenity-rich environment surrounded by upscale retail, popular dining establishments, and recently completed mixed-use developments all contributing to sustained pedestrian traffic and urban vitality. Strategically located just three miles from the Melbourne Orlando International Airport currently undergoing a multi-million-dollar terminal and runway expansion the site benefits from its proximity to major infrastructure investments. Additionally, surrounding developments such as the new Margaritaville resort and multiple luxury residential projects within a two-mile radius further underscore the area's momentum and long-term growth prospects. The site also includes a 15-foot-wide service alley that provides continuous access between Vernon Place and Waverly Place. This through-access enhances logistical efficiency for future loading, service vehicles, and other back-of-house functions, increasing the development's operational flexibility. This offering represents more than just a redevelopment opportunityit is a pivotal investment in the future of Downtown Melbourne, serving as a potential cornerstone within the broader transformation of the Space Coast's most vibrant commercial and residential corridor.