Date
Details
Price
Change
Source
8/21/2026
Listed
$2,900,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$2,900,000 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 5120 N US Hwy 1
General
- Price: $2,900,000
- Taxes: $15,141 (2025)
- Status: Active
- Type: Office
- Source: BrevardCounty
- MLS ID: 1085710
- Updated: 8/21/2026
- Added to Site: 3 day(s) ago
Interior
- Flooring: Carpet, Tile
Rooms
Bathrooms
- Total Bathrooms: 5
Additional Information
- Security/Safety: Closed Circuit Camera(s)
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
- Air Conditioning: Yes
- Cooling Type: Central Building
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Exterior Const.: Block
- Roof: Tile
- Stories/Levels: 1
- Square Feet: 5,400
- Sq. Ft. Source: Public Records
- Living Area: 5,400 Sq. Ft.
- Current Bldg. Use: Office
- Year Built: 2014
Unit Information
- Units in Building: 2
Lot Features
- Lot Size (Acres): 4.64
- Lot Size (Sq. Ft.): 202,118.4
- Frontage: State Road
- Lot Features: Cleared
- Fencing (Description): Vinyl
Water Features
- Water Front: Yes
Financial Considerations
- Price Per Sq. Ft.: $537.04
- Tax Amount: $15,141
- Tax Year: 2025
Disclosures and Reports
- Special Conditions: Standard
- Property ID: 29-38-28-25-0000b.0-0010.00
Listed by CENTURY 21 Baytree Realty
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Listing agent
— 5120 N US Hwy 1 —
CENTURY 21 Baytree Realty
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Schools
Schools serving 5120 N US Hwy 1
School District:Brevard County School District
| Name | Grades | Distance |
|---|---|---|
Dr. W.J. Creel Elementary School 2000 Glenwood Drive, Melbourne, FL 32935 | PK-6 | 3.6 mi |
Satellite Senior High School 300 Scorpion Court, Satellite Beach, FL 32937 | 9-12 | 3.8 mi |
Delaura Middle School 300 Jackson Avenue, Satellite Beach, FL 32937 | 7-8 | 3.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5120 N US Hwy 1
Estimate the Cost
Estimate the Cost for 5120 N US Hwy 1
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5120 N US Highway 1, Melbourne, FL 32940 (MLS# 1085710) is a Office property. 5120 N US Highway 1 is currently listed for $2,900,000 and was received on August 21, 2026. Want to learn more about 5120 N US 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.