5690 Highway 1 Grant-Valkaria, FL $ 2,750,000
5690 Highway 1
$ 2,750,000
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5690 Highway 1

Grant-Valkaria, FL, 32949
$ 2,750,000
Bedrooms-- Baths20.0 Sq 5,372

Monthly Estimate*

$ 17,156

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Commercial Property for sale in Grant-Valkaria, FL for $2,750,000 with 20 full baths. This 5,372 square foot building was built in 1953 on a lot size of 0.98.

Pelican Lodge is a stabilized 19-unit weekly and monthly stay lodge located on US 1 in Grant-Valkaria, Florida. Acquired as a distressed asset, the property underwent a full renovation over the past year, repositioning it as an income-producing operation with 100% occupancy. Reservations are secured through May 2025, with a waitlist in place for summer months. The lodge operates efficiently with a lean leasing and cleaning team, resulting in strong cash flow and minimal overhead. While historical financials prior to renovation are limited, current stabilized performance reflects consistent revenue generation. Offered as a turnkey investment, Pelican Lodge is well-suited for a 1031 exchange or investors seeking immediate income with operational upside.

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Commercial Active

Price

$ 2,750,000

Full Bath

20

Property Type

Commercial

Taxes

$ 14,084

Style

Hotel/Motel

Lot Size

0.98

Year Built

1953

Town/City

Grant-Valkaria

County/Region

BREVARD

MLS | Web ID

1040453

Features
General
Living Area 5372.0
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Other
Construction Materials Other
Year Built 1953
Property Subtype Hotel/Motel
Tax Year 2024
Current Use Hotel/Motel
County Brevard
Property Type Commercial Sale
HOA N
Attached Garage Y
Subdivision Name None
Status Active
Directions To reach 5690 S US Highway 1 in Grant Valkaria FL head south on US Highway 1 from Melbourne continue past the Pineda Causeway and the property will be on your left as you approach the town of Grant V
City Grant-Valkaria
Senior Community Y/N N
Number Of Units Total 1
MLS Area 342 - Malabar/Grant-Valkaria
Lot Size Units Acres
Lot Size Square Feet 42688.8
Land Lease Y/N N
Tax Annual Amount 14084.3
Home Warranty Y/N N
Lease Renewal Y/N N
MLS Area Minor 342 - Malabar/Grant-Valkaria
Additional Parcels Y/N N
Lease Considered Y/N N
Virtual Tour https://www.propertypanorama.com/instaview/spc/1040453
Standard Status Active
Legal Description PART OF LOT 1 SEC 27 & PT OF SE 1/4 SEC 28 AS DES IN DB 370 PG 559
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Exterior
Parking Features Attached
Lot Features Cleared Few Trees
Water Source Public
Inclusions Building & Land
Lot Size Area 0.98
Spa N
Lot Size Acres 0.98
Waterfront Y/N N
Road Frontage Type State Road
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 20
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Internal Only
Street Number 1 5690
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* Excluded Features
List By
Reach Commercial Real Estate

Broker

cassandra@reachcommercialre.com

Email

Affordability Calculator

$18,330
Per Month
94%
6%
0%
Monthly Principal & Interest
$17,156
Monthly Property Taxes
$1,174
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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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Nearby
1363035 Elementary School
1362897 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/18/2025$2,750,000 Listed Price

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5690 Highway 1, Grant-Valkaria, FL, 32949 is a Commercial Property for sale at $2,750,000 with 5,372 sqft and a lot size of 0.98. 5690 Highway 1 has 20.0 baths and was built in 1953. The property's zip code is 32949 which is in Grant-Valkaria, FL