508 Ocean Avenue # C Melbourne Beach, FL $ 1,275,000
508 Ocean Avenue # C
$ 1,275,000
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508 Ocean Avenue # C

Melbourne Beach, FL, 32951
$ 1,275,000
Baths4.0 Sq 3,131

Monthly Estimate*

$ 8,906

508 Ocean Avenue # C, Melbourne Beach, FL 32951 - Image 1
508 Ocean Avenue # C, Melbourne Beach, FL 32951 - Image 2
508 Ocean Avenue # C, Melbourne Beach, FL 32951 - Image 3
508 Ocean Avenue # C, Melbourne Beach, FL 32951 - Image 4
508 Ocean Avenue # C, Melbourne Beach, FL 32951 - Image 5
508 Ocean Avenue # C, Melbourne Beach, FL 32951 - Image 6
508 Ocean Avenue # C, Melbourne Beach, FL 32951 - Image 7
508 Ocean Avenue # C, Melbourne Beach, FL 32951 - Image 8
508 Ocean Avenue # C, Melbourne Beach, FL 32951 - Image 9
508 Ocean Avenue # C, Melbourne Beach, FL 32951 - Image 10
508 Ocean Avenue # C, Melbourne Beach, FL 32951 - Image 11
508 Ocean Avenue # C, Melbourne Beach, FL 32951 - Image 12
508 Ocean Avenue # C, Melbourne Beach, FL 32951 - Image 13
508 Ocean Avenue # C, Melbourne Beach, FL 32951 - Image 14
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Studio

Commercial Property for sale in Melbourne Beach, FL

for $1,275,000 with 4 full baths. This 3,131 square foot building was built in 1900 on a lot size of 0.31.

A RARE opportunity for this versatile lot on Ocean Avenue offers the savvy investor myriad ventures such as retail spaces, offices, rentals, or a seamless blend of these. Featuring three free-standing buildings, the four individual units are currently occupied, offering a steady income stream. Positioned between the Atlantic Ocean and the Indian River, this coastal charm is just a short distance from 3 international airports offering easy access to both residents and visitors. Witness awe-inspiring rocket launches to the north and Florida's finest fishing and surf spots to the south. This expansive lot stands as a blank canvas, awaiting your vision for improvement, redevelopment, or renovation! Please note: respecting the privacy of the tenants is paramount. It is important to not intrude or trespass on the property; please make an appointment. This property is listed in MLS as: residential property, residential income, land or commercial. Please call for more information. Thank you

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Commercial Active

Price

$ 1,275,000

Bedrooms

Studio

Full Bath

4

Property Type

Commercial

Taxes

$ 6,783

Style

Mixed Use

Lot Size

0.31

Year Built

1900

Town/City

Melbourne Beach

County/Region

Brevard

MLS | Web ID

1012732

Features
General
Sewer Public Sewer
Heating None Other
Cooling Window Unit(s) Other
Utilities Cable Connected Electricity Connected Water Connected Propane Other Separate Electric Meters
Possession Subject To Tenant Rights
Roof Metal Other
Construction Materials Frame Vinyl Siding
Year Built 1900
Unit Number C
Property SubType Mixed Use
Tax Year 2023
Current Use Investment Multi-Family Residential Other
County Brevard
Property Type Commercial Sale
HOA / Comm Assn N
Attached Garage N
Subdivision Name Henry Whitings Melbourne Bch
Status Active
Directions From I-95 & 192 (West New Haven Blvd) go East 8 miles then go right/south on Riverside 1.7 mi on Ocean Ave it's on the left/north side .01 miles from Riverside. From Sebastian Inlet go north on A1A
City Melbourne Beach
View Y/N N
Senior Community Y/N N
Total Units 4
MLS Area 384-Indialantic/Melbourne Beach
Lot Size Square Feet 13503.6
Waterfront Y/N N
Street Name Ocean
Land Lease Y/N N
Tax Annual Amount 6783.18
Home Warranty Y/N N
Lease Renewal Y/N N
MLS Area Minor 384-Indialantic/Melbourne Beach
Additional Parcels Y/N N
Lease Considered Y/N N
Virtual Tour https://idx.paradym.com/idx/508-Ocean-Avenue-C-Melbourne-Beach-FL-32951/4863268
Standard Status Active
Legal Description HENRY WHITINGS MELBOURNE BCH E 30 FT (A/K/A E 1/2) OF LOT 24 & ALL LOT 25 BLK 3
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Interior
Flooring Tile Vinyl Wood
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N N
Street Suffix Avenue
Electric On Property Y/N N
Total Baths 4
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Exterior
Parking Features Additional Parking Parking Lot Unassigned
Lot Features Historic Area
Water Source Public
Inclusions {u'Building & Land': True}
Lot Size Area 0.31
Spa N
Lot Size Acres 0.31
Lot Size Units Acres
Crops Included Y/N N
Open Parking Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 508
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* Excluded Features
List By
Bhhs Florida Realty

Broker

kellybuyandsell@gmail.com

Email

Affordability Calculator

$9,472
Per Month
94%
6%
0%
Monthly Principal & Interest
$8,906
Monthly Property Taxes
$565
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1363035 Elementary School
1362897 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/2/2024$1,275,000 Listed Price

Map


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508 Ocean Avenue # C, Melbourne Beach, FL, 32951 is a Commercial Property for sale at $1,275,000 with 3,131 sqft and a lot size of 0.31. 508 Ocean Avenue # C is a studio with 4.0 baths and was built in 1900. The property's zip code is 32951 which is in Melbourne Beach, FL