Property

Melbourne, FL 32940 5120 N Highway 1

5120 N Highway 1 Melbourne, FL - Image 15120 N Highway 1 Melbourne, FL - Image 25120 N Highway 1 Melbourne, FL - Image 3
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5120 N Highway 1 Melbourne, FL - Image 45120 N Highway 1 Melbourne, FL - Image 55120 N Highway 1 Melbourne, FL - Image 65120 N Highway 1 Melbourne, FL - Image 75120 N Highway 1 Melbourne, FL - Image 8
Presented By: CENTURY 21 Baytree Realty
  • Space Coast AOR - 230 - FL
  • MLS# 1066459
  • 01/14/2026
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Disclaimer: The information contained in this listing has not been verified by LoKation® Real Estate and should be verified by the buyer.
  • Baths • 4
  • SQFT • 5,400

Home Details

Unique Opportunity to Own Prime Commercial Real Estate in Melbourne! 4.64 Acres of Direct US 1 with 300 ft. of Indian River Front Frontage (can be used for residential); can be broken up into three parcels total. One of the three potential parcels has a beautiful concrete block 5400 square foot tile roof building and is currently fully occupied with long term leases in place. The 5400 Sq ft. building is being valued at 1.7 million with the additional 3.39 acres being valued at 1.2 million. The CAP RATE for the 5400 Sqft building is 7%. The building is currently fully occupied (3600 sq ft occupied by the owner with long term plans to stay) with 5 year leases in place for both tenants. Build on the other two parcels as you collect income from this beautiful building! Phase 1 Environmental Completed Dec. 2025 with approval for 33,000 square foot building. A special height variance is approved by the town of Palm Shores for this project. Will provide documentation upon request.
Presented By: CENTURY 21 Baytree Realty

Interior Features for 5120 N Highway 1

Bathrooms

Total Baths4

Other Interior Features

Air Conditioning Y/NYes
FlooringCarpet, Tile
Heating Y/NYes
Total Stories1

General for 5120 N Highway 1

Attached Garage No
Body of WaterIndian River
Building FeaturesFenced, Kitchen Facilities, Office, Public Restroom
CityMelbourne
Construction MaterialsBlock, Stucco
CoolingCeiling Fan(s), Central Air
CountyBrevard
Current UseCommercial, Office
DirectionsFrom Pineda Causeway Head South on US 1 and Building is approx 3/4 mile on your right hand side.
HeatingCentral
Legal DescriptionHONEYBROOK PLANTATION LOTS 5, 6, 7 EXC ORB 7354 PG 1031 & HWY R/W
Living Area5400
Lot Size Square Feet202118.4
Lot Size UnitsAcres
MLS Area322 - NE Melbourne/Palm Shores
MLS Area Minor322 - NE Melbourne/Palm Shores
Number Of Units Total2
PossessionClose Of Escrow
Property SubtypeOffice
Property TypeCommercial Sale
RoofTile
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameHoneybrook Plantation
Tax Annual Amount15771.9
Tax Year2025
UtilitiesElectricity Available, Electricity Connected, Sewer Available, Water Available
Waterfront FeaturesNavigable Water, Intracoastal
Year Built2014
Zoning DescriptionCommercial

Exterior for 5120 N Highway 1

FencingVinyl
InclusionsBuilding & Land
Lot FeaturesCleared
Lot Size Acres4.64
Lot Size Area4.64
Parking FeaturesParking Lot
Water SourcePublic
Waterfront Y/NYes

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Home Girls Brevard

Price $2,900,000
MLS#1066459
List Date 01/14/2026
Property Type Commercial
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