5120 N Highway 1, Melbourne, FL 32940
$2,900,000
Property Type:
Commercial Sale
Baths:
4
Square Footage:
5,400
Lot Size (sq. ft.):
202,118
Status:
Active
Current Price:
$2,900,000
List Date:
1/14/2026
Last Modified:
1/20/2026
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.
More Information MLS# 1066459
Contract Information
Comp Sale YN: No
Current Price: $2,900,000
Original List Price: 2750000
List Price: $2,900,000
Status: Active
Listing Contract Date: 2026-01-14
Property Sub Type: Office
Location, Tax, and Legal
Tax Account: 2609649
Parcel Number: 26-37-30-Dt-00000.0-0005.00
General County Location: South
Tax Annual Amount: 15771.9
Tax Year: 2025
Tax Legal Description: HONEYBROOK PLANTATION LOTS 5,6,7 EXC ORB 7354 PG 1031 & HWY R/W
Zoning Description: Commercial
Directions: From Pineda Causeway Head South on US 1 and Building is approx 3/4 mile on your right hand side.
General Property Information
Number Of Units Total: 2
Stories Total: 1
Building Area Total: 5400
Lot Size Acres: 4.64
Waterfront YN: Yes
Water Body Name: Indian River
Water Frontage Feet: 300
List Price/SqFt: 537.04
Bathrooms Total: 4
Year Built: 2014
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.
Construction Materials
Block: 1
Stucco: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Current Use
Commercial: 1
Office: 1
Fencing
Vinyl: 1
Flooring
Carpet: 1
Tile: 1
Heating
Central: 1
Lot Features
Cleared: 1
Parking Features
Parking Lot: 1
Possession
Close Of Escrow: 1
Roof
Tile: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Unit 1 Details
Unit ID: 104
Annual Rent: 111600
Unit SqFt: 3600
# Units (This Type): 3
Baths Total: 3
Furnished: Unfurnished
Unit Remarks: Prestige Title of Brevard
Unit 2 Details
Unit ID: 102
Annual Rent: 32400
Unit SqFt: 1800
# Units (This Type): 1
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Century 21 Baytree Realty
Utilities
Electricity Available: 1
Electricity Connected: 1
Sewer Available: 1
Water Available: 1
Water Source
Public: 1
Waterfront Features
Intracoastal: 1
Navigable Water: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Building Features
Fenced: 1
Kitchen Facilities: 1
Office: 1
Public Restroom: 1
Showing Considerations
Occupied: 1
Sale Includes
Building & Land: 1
Location Tax and Legal
Street Number: 5120
Street Direction Prefix: N
Street Name: Highway 1
County: Brevard
State: FL
Postal Code: 32940
MLS Area Major: 322 - NE Melbourne/Palm Shores
Subdivision Name: Honeybrook Plantation
Status Change Information
Major Change Timestamp: 2026-01-15T18:08:11Z
Major Change Type: Price Change
Price Change Timestamp: 2026-01-15T18:08:11Z
Status Change Timestamp: 2026-01-14
Property Features
Building Features: Fenced; Kitchen Facilities; Office; Public Restroom
Construction Materials: Block; Stucco
Cooling: Ceiling Fan(s); Central Air
Current Use: Commercial; Office
Fencing: Vinyl
Flooring: Carpet; Tile
Heating: Central
Lot Features: Cleared
Parking Features: Parking Lot
Possession: Close Of Escrow
Roof: Tile
Sale Includes: Building & Land
Sewer: Public Sewer
Showing Considerations: Occupied
Showing Requirements: Appointment Only; Call Listing Agent
Special Listing Conditions: Standard
Utilities: Electricity Available; Electricity Connected; Sewer Available; Water Available
Water Source: Public
Waterfront Features: Intracoastal; Navigable Water
Documents
Proposed Site Plan ›
Listing Office:
CENTURY 21 Baytree Realty
Last Updated: January - 20 - 2026
Information is deemed to be reliable, but is not guaranteed.