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$730,000
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Property Description
Exceptional Development Opportunity in Downtown Melbourne! This is not just another listing - this is a rare, fully-approved, shovel-ready multifamily development in the very heart of booming Downtown Melbourne. Opportunities like this simply do not come to market often, and when they do, they move fast. The property comes with full city approvals already in place and demolition scheduled to begin in the coming days of August 2025. The sale includes a prime lot along with a 1-year valid construction permit for a modern 10-unit apartment building featuring: - 8 spacious units of 2 bedrooms / 2 bathrooms - 2 units of 1 bedroom / 1 bathroom - 14 dedicated parking spaces - An elevator for tenant convenience - Contemporary architectural design and professional landscaping This is a true turnkey project - shovel-ready, with approvals completed, permits secured, and the hard part already taken care of. Avoid the long, uncertain, and costly approval process that can drag on for months (if not years). Here, you can break ground immediately and start building wealth right away. The financials are equally compelling. With projected gross annual rental income exceeding $250,000, and Melbourne's downtown rental demand continuing to surge, the numbers speak for themselves. Strong population growth, a thriving job market, and the increasing desirability of Melbourne as a lifestyle destination ensure consistent demand and above-market occupancy rates. Investors here can expect not just cash flow, but long-term appreciation in one of Florida's most dynamic growth markets. What sets this opportunity apart is that we, as the builder, are already handling the permitting process. That means you are not just buying land and plans - you are buying into a project that is ready to go. And for those investors who want a completely hands-off, hassle-free experience, we proudly provide a true turnkey delivery option. From permits to construction to the final finished product, we manage the entire build for you. At closing, you can choose whether you want to take over the project directly, or simply let us deliver a completed, income-producing asset into your portfolio - a true key-in-hand investment. Whether you are a local builder searching for a permitted site to bring your own team onto, or an out-of-state or international investor looking for a passive, high-return opportunity, this project checks every box. Premium location. Fully approved plans. High rental income potential. Immediate readiness to build. And the option of professional, turnkey delivery by an experienced builder already on the ground. Time is of the essence. Downtown Melbourne is exploding with growth, and prime multifamily development sites are becoming nearly impossible to secure. This property comes with every advantage you could ask for: approved permits, demolition already scheduled, and a design that matches the demand of today's rental market. This is more than a piece of land. It is a ready-to-build, revenue-generating machine, just waiting for the right investor to seize the moment. All approved plans, permits, and documentation will transfer to the buyer at closing - no delays, no waiting, no red tape. Just a smooth transaction leading directly into construction and future profits. Act now. Ready to build. Ready to profit. Ready to deliver a complete project with our turnkey option. Opportunities like this don't wait - and neither should you. Docs on request
Full Property Details
Full Property Details for 1008 WH Jackson St
General
- Sold For: $730,000
- Taxes: $4,158 (2024)
- Status: Closed
- Type: Lots/Land
- Source: MidFloridaRegionalMLS
- MLS ID: S5129436
- Added to Site: 154 day(s) ago
Location
- Area: 32901 - Melbourne
- County: Brevard
- Development Name: 32901 - Melbourne
- Subdivision: METCALFS UNREC SUB
- Driving Directions: From US-1 (Harbor City Blvd) in Downtown Melbourne, turn west onto E New Haven Ave. Continue straight across the Melbourne Causeway into Downtown. Turn left onto S Babcock St, then right onto W Hibiscus Blvd. Continue to W H Jackson St and turn right. Property will be on the left.
School Information
- Elementary School: Cape View Elementary School
- Middle School: JOHN F. KENNEDY MIDDLE SCHOOL
- High School: Cocoa Beach Junior/Senior High School
Community
- Community Name: 32901 - Melbourne
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Public, Sewer Available, Street Lights, Underground Utilities, Water Available
Structural Information
- Current Bldg. Use: Commercial
Lot Features
- Lot Size (Acres): 0.17
- Lot Size (Sq. Ft.): 7,405
- Lot Size: 7405
- Lot Dimensions: 35 x 153
- Street/Road Desc.: Asphalt
Financial Considerations
- Price Per Acre: $4,294,118
- Tax Amount: $4,158.96
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: METCALFS UNRECORDED PLAT OF BALEM ALLEN TRACT LOT 13 AS DES IN DB 59 PG 448
- Flood Zone Info: x
- APN: 2837028000000.00013.00
- Property ID: 2837028000000.00013.00
- Block/Lot/Section: *
Listed by Agent Trust Realty Corporation
Sold by Agent Trust Realty Corporation
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Schools
Schools serving 1008 WH Jackson St
School District:Brevard County School District
| Name | Grades | Distance |
|---|---|---|
Harbor City Elementary School 1377 Sarno Road, Melbourne, FL 32935 | PK-6 | 4.1 mi |
Stone Magnet Middle School 1101 East University Boulevard, Melbourne, FL 32901 | 7-8 | 0.6 mi |
Melbourne Senior High School 74 Bulldog Boulevard, Melbourne, FL 32901 | 9-12 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1008 WH Jackson St
Date
Details
Price
Change
Source
11/14/2025
Sold
$730,000
-5.19%
MLS
8/15/2025
Listed
$770,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1008 W H Jackson Street, Melbourne, FL 32901 (MLS# S5129436) is a Lots/Land property that was sold at $730,000 on November 14, 2025. Want to learn more about 1008 W H Jackson Street? Do you have questions about finding other Lots/Land real estate for sale in Melbourne? You can browse all Melbourne real estate or contact a Coldwell Banker agent to request more information.

