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
Overview
Description
Listing Details MLS# 1066459
General Property Information
- Number Of Units Total
- 2
- Stories Total
- Yes
- Bathrooms Total
- 4
- Building Area Total
- 5400
- Year Built
- 2014
- Lot Size Acres
- 4.64
- Waterfront YN
- Yes
- Water Body Name
- Indian River
- Water Frontage Feet
- 300
- List Price/SqFt
- 537.04
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
Contract Information
- Original List Price
- 2750000
- Listing Contract Date
- 2026-01-14
- Property Sub Type
- Office
- Comp Sale YN
- No
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
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
- 2026-01-15T18:08:11Z
- Major Change Type
- Price Change
- Price Change Timestamp
- 2026-01-15T18:08:11Z
- Status Change Timestamp
- 2026-01-14
More Information
Unit 1 Details
- Unit ID
- 104
- Annual Rent
- 111600
- Unit SqFt
- 3600
- # Units (This Type)
- 3
- Furnished
- Unfurnished
- Unit Remarks
- Prestige Title of Brevard
Unit 2 Details
- Unit ID
- 102
- Annual Rent
- 32400
- Unit SqFt
- 1800
- # Units (This Type)
- Yes
- Furnished
- Unfurnished
- Unit Remarks
- Century 21 Baytree Realty
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.
Construction Materials
- Block
- Yes
- Stucco
- Yes
Cooling
- Ceiling Fan(s)
- Yes
- Central Air
- Yes
Current Use
- Commercial
- Yes
- Office
- Yes
Fencing
- Vinyl
- Yes
Flooring
- Carpet
- Yes
- Tile
- Yes
Heating
- Central
- Yes
Lot Features
- Cleared
- Yes
Parking Features
- Parking Lot
- Yes
Possession
- Close Of Escrow
- Yes
Roof
- Tile
- Yes
Sewer
- Public Sewer
- Yes
Special Listing Conditions
- Standard
- Yes
Utilities
- Electricity Available
- Yes
- Electricity Connected
- Yes
- Sewer Available
- Yes
- Water Available
- Yes
Water Source
- Public
- Yes
Waterfront Features
- Intracoastal
- Yes
- Navigable Water
- Yes
Showing Requirements
- Appointment Only
- Yes
- Call Listing Agent
- Yes
Building Features
- Fenced
- Yes
- Kitchen Facilities
- Yes
- Office
- Yes
- Public Restroom
- Yes
Showing Considerations
- Occupied
- Yes
Sale Includes
- Building & Land
- Yes
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.