Description
Situated in the dynamic urban core of downtown melbourne, this exceptional 0.36-acre property offers a rare and highly strategic opportunity for redevelopment within one of florida's most rapidly evolving markets. zoned c-3 for mixed-use commercial applications, the site is ideally positioned to accommodate a broad range of high-demand uses including multi-family residential, office, retail, restaurant, and hospitality.
currently improved with a single-family residence constructed in 1926, the existing structure comprises approximately 1,400 square feet with 2 bedrooms and 1 bathroom. while the home remains intact, the highest and best use of the property is as a premier development site.
the zoning designation allows for significant vertical development potential, with no setback requirements and a maximum building height of up to 96 feet. conceptual capacity includes the ability to construct up to 36 residential units integrated with ground-floor commercial amenities the property is located within a highly walkable, amenity-rich environment surrounded by upscale retail, popular dining establishments, and recently completed mixed-use developmentsall contributing to sustained pedestrian traffic and urban vitality.
strategically located just three miles from the melbourne orlando international airportcurrently undergoing a multi-million-dollar terminal and runway expansionthe site benefits from its proximity to major infrastructure investments. additionally, surrounding developments such as the new margaritaville resort and multiple luxury residential projects within a two-mile radius further underscore the area's momentum and long-term growth prospects.
the site also includes a 15-foot-wide service alley that provides continuous access between vernon place and waverly place. this through-access enhances logistical efficiency for future loading, service vehicles, and other back-of-house functions, increasing the development's operational flexibility.
this offering represents more than just a redevelopment opportunityit is a pivotal investment in the future of downtown melbourne, serving as a potential cornerstone within the broader transformation of the space coast's most vibrant commercial and residential corridor.
Property Type
ResidentialCounty
BrevardStyle
ResidentialAD ID
49473811
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BuyOwner last updated this listing 04/27/2025 @ 12:51
- MLS: 1043978
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: Space Coast MLS (Space Coast Association of REALTORS®)
is a Home, with 2 bedrooms which is for sale, it has 1,340 sqft, 0 sized lot, and 0 parking. are nearby neighborhoods.