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$2,900,000 Just Listed

  • For Sale
  • Active
  • Office
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Unique Opportunity to Own Prime Commercial Real Estate in Melbourne! 4.64 Acres of Direct US 1 and 300 ft. of Indian River Front Frontage; 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. Build on the other two parcels as you collect income from this beautiful building! Phase 1 Environmental Completed with approval for 33,000 square foot building. Height variance approved by the town of Palm Shores for this project. Will provide documentation; New 5 year leases in place on current building.

Full Property Details for 5120 N Hwy 1

General

  • Price: $2,900,000
  • Taxes: $15,771 (2025)
  • Status: Active
  • Type: Office
  • Source: BrevardCounty
  • MLS ID: 1066459
  • Updated: 1/16/2026
  • Added to Site: 3 day(s) ago

Rental Information

  • Complex Features: Fenced, Kitchen Facilities, Office, Public Restroom

Interior

  • Flooring: Carpet, Tile

Rooms

Bathrooms

  • Total Bathrooms: 4

Parking

  • Parking Features: Parking Lot

Location

  • Area: 322 - NE Melbourne/Palm Shores
  • County: Brevard
  • Subdivision: Honeybrook Plantation
  • Driving Directions: From Pineda Causeway Head South on US 1 and Building is approx 3/4 mile on your right hand side.

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Ceiling Fan(s), Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Electricity Available, Electricity Connected, Sewer Available, Water Available

Structural Information

  • Exterior Const.: Block, Stucco
  • Roof: Tile
  • Stories/Levels: 1
  • Square Feet: 5,400
  • Living Area: 5,400 Sq. Ft.
  • Current Bldg. Use: Commercial, Office
  • Year Built: 2014

Unit Information

  • Units in Building: 2

Lot Features

  • Lot Size (Acres): 4.64
  • Lot Size (Sq. Ft.): 202,118.4
  • Lot Features: Cleared
  • Fencing (Description): Vinyl

Water Features

  • Water Front: Yes
  • Water Front Name: Indian River

Financial Considerations

  • Price Per Sq. Ft.: $537.04
  • Tax Amount: $15,771.9
  • Tax Year: 2025

Disclosures and Reports

  • Special Conditions: Standard
  • Property ID: 26-37-30-Dt-00000.0-0005.00

Listed by CENTURY 21 Baytree Realty

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Listing agent

— 5120 N Hwy 1 —

  • CENTURY 21 Baytree Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5120 N Hwy 1

School District:Brevard County School District
NameGradesDistance
Ralph M Williams Junior Elementary School
1700 Clubhouse Drive, Rockledge, FL 32955
PK-62 mi
Viera High School
6103 Stadium Pkwy, Viera, FL 32940
9-122.9 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 5120 N Hwy 1 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/15/2026
Price Increased
$2,900,000
5.45%
MLS
1/14/2026
Listed
$2,750,000
511.11%
MLS
8/29/2013
Sold
$450,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5120 N Hwy 1

Year
Property Taxes
Change
Tax Assessment
Change
2025
$13,994
-7%
$1,179,540
2%
2024
$14,998
5%
$1,155,650
7%
2023
$14,324
3%
$1,080,500
7%
2021
$13,959
4%
$1,007,830
-4%
2022
$13,372
-4%
$1,049,250
4%
2021
$13,959
10%
$1,004,660
18%
2018
$12,745
-1%
$849,200
-3%
2019
$12,817
2%
$878,490
10%
2017
$12,532
-4%
$800,000
—
2016
$13,099
7%
$800,000
9%
2015
$12,205
93%
$736,590
87%
2014
$6,338
-17%
$393,430
-9%
2013
$7,622
—
$430,930
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by CENTURY 21 Baytree Realty

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5120 N Highway 1, Melbourne, FL 32940 (MLS# 1066459) is a Office property. 5120 N Highway 1 is currently listed for $2,900,000 and was received on January 14, 2026. Want to learn more about 5120 N Highway 1? Do you have questions about finding other Office real estate for sale in Melbourne? You can browse all Melbourne real estate or contact a Coldwell Banker agent to request more information.

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