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1052 Cypress Ave - Eau Gallie Re-Development Site 3.18 Acres of Commercial Land Offered at $5,250,000 in Melbourne, FL 32935
Investment Highlights
- Largest redevelopment parcel within the Eau Gallie Arts District
- Ideal for grocery-anchored retail or mixed-use redevelopment
- Dense surrounding residential base with limited competing infill sites
- Previously entitled for 326 multifamily units + 18,000 SF retail
- Strong visibility, access, and traffic counts in a rapidly growing corridor
- Existing improvements allow for phased redevelopment or interim use
Executive Summary
This site offers exceptional potential for grocery-anchored retail, mixed-use, multifamily, hospitality, medical, or adaptive re-use development. The site previously advanced through entitlement for a 326-unit mixed-use project featuring approximately 18,000 SF of ground-floor retail and structured parking, providing significant embedded planning value. Positioned directly on Eau Gallie Causeway with strong visibility, access, and connectivity to both mainland Melbourne and the beaches, this is one of the few remaining large-scale urban infill opportunities within the Melbourne MSA.
Property Facts
| Price | $5,250,000 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| Sale Conditions | Proposed Use | ||
| No. Lots | 1 | Total Lot Size | 3.18 AC |
| Price | $5,250,000 |
| Sale Type | Investment or Owner User |
| Sale Conditions | |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 3.18 AC |
1 Lot Available
Lot
| Price | $5,250,000 | Lot Size | 3.18 AC |
| Price Per AC | $1,650,943.40 |
| Price | $5,250,000 |
| Price Per AC | $1,650,943.40 |
| Lot Size | 3.18 AC |
Prime ±3.2-acre redevelopment opportunity in the heart of the Eau Gallie Arts District. Formerly occupied by Bank of America, the property represents the largest parcel in the district.
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 27-37-21-25-0000B.0-0000.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,412,730 |
Property Taxes
Parcel Number
27-37-21-25-0000B.0-0000.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,412,730
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1052 Cypress Ave - Eau Gallie Re-Development Site
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