1 Bath
1,340 SqFt
1 Bath
1,340 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 1,340 sqft
Price per Sqft $1,115
Subdivision Powells And Henleys Resubd
MLS Listing ID 1043769
Total Fin. Sqft 1340
Originating Board Space Coast MLS (Space Coast Association of REALTORS®)
Year Built 1926
Annual Tax Amount $3,437
Tax Year 2024
Lot Size 0.360 Acres
Acres 0.36
Property Sub-Type Mixed Use
Property Description
Zoned C-3, the property supports a broad range of high-demand uses including multi-family residential, office, retail, restaurant, or hospitality. With no setback requirements and a generous height allowance of up to 96 feet, the site offers exceptional vertical development potential—making it an ideal canvas for a dynamic, high-density project. Whether envisioned as ground-floor boutique retail with luxury residences above, or a vibrant commercial destination tailored to serve the growing downtown population, this property provides a unique opportunity to shape the future of one of Florida's most promising urban markets.
Further enhancing long-term value is the site's proximity just three miles from Melbourne Orlando International Airport, which is currently undergoing a multi-million terminal and runway expansion. Combined with significant nearby investments, including the newly funded Margaritaville development and multiple luxury residential projects within a two-mile radius, the area is poised for continued economic growth and demand.
An additional feature that enhances both functionality and flexibility is the presence of a 15-foot-wide service alley that runs continuously from Vernon Place to Waverly Place. This through-access configuration offers ideal ingress and egress for service vehicles, loading, and back-of-house operations adding further appeal for future commercial or mixed-use development.
This is more than a development site it is a strategic gateway to opportunity in the heart of the Space Coast's most exciting downtown corridor.
Location
State FL
County Brevard
Area 330 - Melbourne - Central
Direction From Melbourne Ave, head north on Vernon Place, the site will be on the left
Interior
Cooling Central Air
Inclusions Building & Land
Exterior
Exterior Feature ExteriorFeatures
Parking Features Additional Parking, Off Street
Fence Fenced
Roof Type Shingle
Present Use Residential
Road Frontage Alley, City Street
Garage No
Building
Lot Description Zero Lot Line
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 28-37-03-82-00046.0-0012.00
Virtual Tour https://www.propertypanorama.com/instaview/spc/1043769
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