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Key Facts

Type Multi Family
Levels Commercial Sale
Size 3544 sqft
Garage No
HOA Fees 
Taxes $5,983
Days Active 34
Approx. Age 1900
Avg. Price Per Sqft $451
MLS® Number 1051542

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Rare Downtown Melbourne Development Opportunity Prime C-3 Zoned Signature Property on E New Haven Avenue. High-Density Site. This is a rare opportunity to own a high-profile property in the heart of Downtown Melbourne's dynamic commercial core. Positioned directly on East New Haven Avenue—Downtown's most active and visible thoroughfare—this historic 3, 500 SF quadplex, originally built in 1900, sits on a generous 64 ft x 129 ft lot, offering an exceptional development canvas. Zoned C-3 (Central Business District), the site supports a wide array of high-density commercial and mixed-use possibilities, with no setback requirements, a 96-foot height allowance, and approved architectural plans to convert the building into a high-income, short-term vacation rental quadplex. At 0.19 acres with zoning allowing 100 units per acre, this high-density site supports up to 19 residential units. Whether you preserve and reposition the existing structure or completely reimagine the site, this lo all in one of the most walkable, high-traffic areas on Florida's rapidly growing Space Coast. Traffic count: 12, 000+ vehicles per day (AADT) on East New Haven Avenue. Surrounded by some of Downtown Melbourne's most iconic bars, restaurants, and retail destinations many with over four decades of history this property is deeply embedded in the city's cultural and economic fabric. The area is undergoing a remarkable transformation, with several large-scale developments already in motion, including luxury townhomes, waterfront apartment complexes, high-end hotels, and a major expansion of Melbourne International Airport. Coupled with an influx of relocating companies and the city's multi-phase streetscape beautification initiative, Downtown Melbourne's skyline is evolving rapidly, and this property puts you right at the center of it all. This is a rare opportunity to get in early as Melbourne enters a new era of growth. For developers, investors, or future owners, it's a chance to secure a footprint in one of Florida's fastest-growing and most walkable markets. Opportunities of this caliber don't come around often. The property features a NEW metal roof and comes with HARB-approved architectural and structural plans for a 4-unit Airbnb or apartment concept. These plans are permit-ready, providing a streamlined path to development. At the buyer's request, the seller is also willing to clear the site at no additional cost if demolition of the existing structure is desired. Shown by appointment only.Show Description
MLS® Number1051542
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1900
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/CCentral Building
Heating Fuel

Extras

Building & Land

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