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5120 N Us Highway 1 Melbourne, FL $ 2,900,000
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$ 2,900,000 Get more info
5120 N Us Highway 1
$ 2,900,000
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5120 N Us Highway 1

Melbourne, FL, 32940
$ 2,900,000
Bedrooms-- Baths5.0 Sq 5,400
5120 N Us Highway 1, Melbourne, FL 32940 - Image 1
5120 N Us Highway 1, Melbourne, FL 32940 - Image 2
5120 N Us Highway 1, Melbourne, FL 32940 - Image 3
5120 N Us Highway 1, Melbourne, FL 32940 - Image 4
5120 N Us Highway 1, Melbourne, FL 32940 - Image 5
5120 N Us Highway 1, Melbourne, FL 32940 - Image 6
5120 N Us Highway 1, Melbourne, FL 32940 - Image 7
5120 N Us Highway 1, Melbourne, FL 32940 - Image 8
5120 N Us Highway 1, Melbourne, FL 32940 - Image 9

Property for Rent in Melbourne, FL

for $2,900,000 with 5 full baths. This 5,400 square foot property was built in 2014 on a lot size of 4.64.

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.

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Rental Active

Price

$ 2,900,000

Full Bath

5

Taxes

$ 15,141

Style

Office

Lot Size

4.64

Year Built

2014

Town/City

Melbourne

County/Region

Brevard

MLS | Web ID

1085710
Features
General
Living Area 5400
Sewer Public Sewer
Cooling Central Building
Possession Close Of Escrow
Roof Tile
Security Features Closed Circuit Camera(s)
Construction Materials Block
Year Built 2014
Property Subtype Office
Tax Year 2025
Current Use Office
Waterfront Features River Access River Front Intracoastal
County Brevard
Property Type Commercial Sale
HOA false
Attached Garage false
Subdivision Name Honeybrook Plantation
Status Active
Directions From Pineda Causeway Head South on US 1 and Building is approx 3/4 mile on your right hand side.
City Melbourne
Zoning Description Commercial/Residential/Office
Number Of Units Total 2
MLS Area 322 - NE Melbourne/Palm Shores
Lot Size Units Acres
Lot Size Square Feet 202118.4
Land Lease Y/N false
Tax Annual Amount 15141
MLS Area Minor 322 - NE Melbourne/Palm Shores
Lease Type Gross
Standard Status Active
Legal Description HONEYBROOK PLANTATION LOTS 5 6 7 EXC ORB 7354 PG 1031 & HWY R/W
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Interior
Flooring Carpet Tile
Total Stories 1
Air Conditioning Y/N true
Total Baths 5
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Exterior
Fencing Vinyl
Parking Features Parking Lot
Lot Features Cleared
Water Source Public
Inclusions Building Only
Lot Size Area 4.64
Building Area Total 5400
Lot Size Acres 4.64
Waterfront Y/N true
Road Frontage Type State Road
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* Excluded Features
List By
Century 21 Baytree Realty

Broker

bucci-j@msn.com

Email

Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
8/22/2026$2,900,000 Listed Price

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5120 N Us Highway 1, Melbourne, FL, 32940 is a Property for Rent at $2,900,000 with 5,400 sqft and a lot size of 4.64. 5120 N Us Highway 1 has 5.0 baths and was built in 2014. The property's zip code is 32940 which is in Melbourne, FL

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