5925 S Hwy A1A, Melbourne Beach, FL 32951

Price: $4,750,000

MLS # 1010359

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Type: Multifamily

Bedrooms: N/A

Full Baths: N/A

Half Baths: N/A

List Date: 04-09-2024

Year Built: 1958

Homestead: N/A

6,857 Sq. Ft.

Zoning: Commercial/Resi

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Property Description:

$500, 000 Price Improvement - Exceptional Oceanfront Development OpportunityIncredible opportunity to acquire 1.53 acres of direct oceanfront commercial property at a significantly reduced price. This is one of the most valuable and versatile parcels available on the coast.Zoned commercial with daily rental allowed, the property is ideal for a wide range of high-impact uses. Build a boutique resort, a luxury short-term rental compound, an oceanfront wedding and event venue, or a signature restaurant with unmatched views. The zoning supports retail, hospitality, and mixed-use concepts, making it a truly flexible asset.The land offers direct beach access and sweeping ocean views. Its size, zoning, and location make it nearly impossible to replicate in today's market.With a $500, 000 price improvement, this is a serious value-add opportunity for developers, hospitality groups, or investors looking for a 1031 exchange or long-term hold.

Exterior Features

N/A


Interior Features

N/A


Equipment / Appliances

N/A


Utilities

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Property Details

Street Name

County

Brevard

Listing Status

Active

Tax Year

2023

Pool

No

Private Pool

No

ZipCode

Subdivision

Melbourne Shores 1st Addn

Tax Amount

$17,499

HOA Dues

$0.00

5925 S Hwy A1A Melbourne Beach, FL 32951

This listing is courtesy of Salt Water Realty of Brevard.

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