514 Loveridge Drive Melbourne, FL $ 599,000
514 Loveridge Drive
$ 599,000
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514 Loveridge Drive

Melbourne, FL, 32935
$ 599,000
Bedrooms-- Baths2.0 Sq 2,038

Monthly Estimate*

$ 4,137

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Commercial Property for sale in Melbourne, FL

for $599,000 with 2 full baths. This 2,038 square foot building was built in 1952 on a lot size of 0.32.

UPDATED STAND-ALONE COMMERCIAL BUILDING | EAU GALLIE | PROFESSIONAL OFFICE OR INVESTMENT OPPORTUNITY Exceptional opportunity to acquire an updated, stand-alone commercial building in the desirable Eau Gallie area of Melbourne, Florida. Ideally suited for an owner-user, professional practice, or commercial investor, this versatile property offers a functional layout, valuable on-site parking, and convenient access to major transportation corridors. The seller has recently completed numerous property improvements and capital upgrades, enhancing the building's overall functionality, exterior appeal, and long-term utility. The property features eight spacious private offices, a welcoming reception and waiting area, a kitchen, and two restrooms, including an ADA-compliant facility. Additional features include three on-site signage opportunities, nine dedicated parking spaces, & supplemental on-street parking. Recent improvements include an updated HVAC system, a new well pump, metal roof, fencing, irrigation, landscaping, and fresh exterior paint. These enhancements provide an attractive foundation for a variety of professional and commercial uses, subject to applicable zoning and approvals. Ideally positioned approximately 200 feet from US-1, the property offers convenient access to Melbourne Orlando International Airport, Downtown Melbourne, and surrounding business districts. Its accessible location, established professional-office configuration, and recent improvements make it an attractive opportunity for businesses seeking an independent commercial location or investors pursuing a versatile office asset. A compelling opportunity to acquire an improved commercial property in an established Melbourne business corridor, with the flexibility to accommodate a range of professional office & service-oriented uses. The property has undergone extensive updates and renovations, including new electrical wiring throughout with updated switches and outlets, new Cat 6 wiring, and new A/C piping and vents. The interior has been completely remodeled with fresh paint, new flooring, updated bathrooms, and a renovated kitchen. Additional improvements include brand-new high-impact, hurricane-rated windows. An interior and exterior security camera system is also included in the sale.

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Commercial Active

Price

$ 599,000

Full Bath

2

Property Type

Commercial

Taxes

$ 4,489

Style

Office

Lot Size

0.32

Year Built

1952

Town/City

Melbourne

County/Region

Brevard

MLS | Web ID

1090762

Features
General
Living Area 2038
Sewer Public Sewer
Heating Central Electric
Cooling Ceiling Fan(s) Central Air Electric
Utilities Cable Connected Electricity Connected Sewer Connected Water Connected
Possession Close Of Escrow
Roof Metal
Security Features 24 Hour Security
Construction Materials Block Frame
Year Built 1952
Electric 200+ Amp Service
Property Subtype Office
Tax Year 2026
Current Use Commercial Office
County Brevard
Property Type Commercial Sale
HOA false
Attached Garage false
Subdivision Name Loveridge Heights Addn 2 Amended Plat of
Building Features Storage Fenced Interior Corridors Kitchen Facilities Lobby Lounge Office Private Restroom Public Restroom Rear Access Reception Area Separate Office Area Showroom
Status Active
Directions From Babcock Street turn left and proceed approximately half a block to Loveridge Drive. Turn left onto Loveridge Drive; the building will be the first property on the right.
City Melbourne
Senior Community Y/N false
Zoning Description Commercial/Residential/Office
Number Of Units Total 0
MLS Area 323 - Eau Gallie
Lot Size Units Acres
Lot Size Square Feet 13939
Tax Annual Amount 4489.68
MLS Area Minor 323 - Eau Gallie
Additional Parcels Y/N false
Virtual Tour https://www.virtualtourcafe.com/mls/10012780
Standard Status Active
Legal Description LOVERIDGE HEIGHTS ADDN 2 AMENDED PLAT OF PART OF LOT 18 BLK 4 AS DESC IN ORB 2925 PG 777
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Interior
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Total Baths 2
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Exterior
Parking Features Parking Lot
Lot Features Cleared
Water Source Public
Inclusions Building & Land
Lot Size Area 0.32
Building Area Total 2038
Lot Size Acres 0.32
Road Frontage Type City Street
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* Excluded Features
List By
One Sotheby's International

Broker

james@jameskedmunds.com

Email

Affordability Calculator

$4,511
Per Month
92%
8%
0%
Monthly Principal & Interest
$4,137
Monthly Property Taxes
$374
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/23/2026$599,000 Listed Price

Map


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514 Loveridge Drive, Melbourne, FL, 32935 is a Commercial Property for sale at $599,000 with 2,038 sqft and a lot size of 0.32. 514 Loveridge Drive has 2.0 baths and was built in 1952. The property's zip code is 32935 which is in Melbourne, FL