5120 N Highway 1, Palm Shores, FL 32940

Property Details:

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! Owner will sell the out parcels separatelyOwner will sell the out parcels separately at ($500k) per outparcel

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• Acres4.64 acres
• Area322 - Palm Shores
• Available InfoCopies of Lease
• CityPalm Shores
• Clear Ceiling Height5400.00
• ConstructionBlock
• CoolingCentral Air, Central Building and Electric
• CountyBrevard
• Cumulative DOM33
• Current Lease4 - 6 Years and 7 - 10 Years
• Current ZoningC-2
• Days On Market33
• DirectionsFrom Pineda Causeway Head South on US 1 and Building is approx 3/4 mile on your right hand side.
• Fire ProtectionSmoke Alarm
• FlooringCarpet and Tile
• General County LocationCentral
• HeatingCentral and Electric
• Legal DescriptionHONEYBROOK PLANTATION LOTS 5,6,7 EXC ORB 7354 PG 1031 & HWY R/W
• Listing DateMonday, August 28th, 2023
• Listing ID973713
• Listing StatusActive
• PossessionSubject to Lease
• Property TypeCommercial
• Property UseC-OFFICE BUILDING - MULTI TENANT - 1 STORY (1710)
• Real Estate Taxes$13,371.90
• RoofBarrel Tile
• Sale IncludesBuilding & Land
• SecurityTV Camera
• Special InformationNone
• SqFt - Total5,400 sqft
• State/ProvinceFL
• StatusActive
• Street DirectionN
• Street NameHighway 1
• Street Number5120
• SubdivisionHoneybrook Plantation
• Tax Year2022
• Tenant PaysAC Main, Electric and Electric
• Total Building Area5400.00
• Total Units2
• TypeCommercial
• Unit Number102
• Use Code17 / OFFICE, ONE STORY
• WaterfrontYes
• Year Built2014
• Zip Code32940