Commercial Sale · Mixed Use
, MELBOURNE, FL, 32901
Active11 days on marketListed Jul 9, 2026MLS #B26050395
About this property
The property at a glance
A rare 165' direct riverfront development opportunity in historic downtown Melbourne. This 0.66-acre (approx. 28,750 sq ft) parcel offers 165' of unobstructed Indian River frontage with 170' depth, panoramic views of the causeway & barrier island, & a lot elevation of 20.33 ft NAVD. With city-approved site plans for 4 luxury townhomes, a 6.0 FAR, completed aquatic & habitat surveys, & C-1 zoning, the site is primed for high-end residential or mixed-use development. Survey, plans, & environmental study are approved & included. Located at the center of Melbourne's ongoing revitalization, this is a once-in-a-generation chance to anchor a flagship project on the Space Coast waterfront. The owner has already paved the way, now it's your turn to make it iconic. Secure your place on t Secure your place on the river today. .66-acre C-1 zoned parcel with unparalleled potential, strategically located at the epicenter of groundbreaking transformative projects. Act now.
2,264
Building sq ft
$861
Price / sq ft
0.51
Lot acres
1891
Year built
c-1
Zoning
Mixed Use
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$9,707/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Jonathan to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
Drive times
What’s nearby
The area
Who's around this property
28,565
Population
$50,646
Median income
42.3
Median age
2.23
Avg household
$244,500
Median home value
$1,349/mo
Median rent
2,277
Households w/ kids
Recent sales
What actually sold near
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$750,000
2790 NE PALM BAY ROAD
7,520 sqft · $100/sqft · Sold Nov 8, 2024
$21,600
2419 S BABCOCK STREET UNIT A
Sold Nov 21, 2025
$1,450,000
109 SILVER PALM AVENUE
Sold Dec 5, 2024
Your team
The pros in your corner
Your agent
Jonathan Santos
Realtor · CENTURY 21 Edge
Tours, offers, and every question about — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for .
See it in person
Schedule a tour
Live availability from Jonathan's calendar — pick a time and it's booked.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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