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1322 Oak St
Melbourne, FL 32901
2 Commercial Properties - 1322 Oak St. · Office Property For Sale
·
5,298 SF Total
Investment Highlights
- Investment or Owner/User Opportunity - 2 Blocks from Holmes Regional Medical Center Hospital
Executive Summary
Medical Office Investment & Redevelopment Opportunity | Melbourne, FL
An exceptional investment opportunity offering immediate income and significant redevelopment potential. Situated on a 0.57-acre site just one block from Holmes Regional Medical Center, this strategically located Melbourne property features two durable concrete block office buildings within a highly desirable medical and professional corridor.
The larger building, totaling approximately 3,930 square feet, presents an ideal opportunity for an owner-user or an investor seeking to lease the space for additional rental income. The second building, approximately 1,368 square feet, is currently tenant-occupied, providing stable in-place cash flow from day one. Further enhancing the property’s appeal, the smaller building received a new roof in 2024, helping minimize near-term capital expenditure.
Beyond the strength of the existing improvements, the property’s true upside lies in its highly sought-after R-P zoning. This designation provides flexibility and a clear path for future redevelopment, allowing investors to capitalize on the continued growth and demand within Melbourne’s expanding medical and professional market.
This is a rare opportunity for investors seeking dependable income with long-term redevelopment optionality, or for an owner-user to occupy the larger building while benefiting from rental income and future appreciation.
Property Highlights
• 0.57-acre site in Melbourne’s established medical corridor
• One block from Holmes Regional Medical Center
• Two concrete block office buildings totaling approximately 5,200 SF
• Building sizes: 3,900 SF and 1,300 SF
• Smaller building currently tenant-occupied, providing immediate cash flow
• Larger building ideal for owner-user or additional lease income
• R-P zoning supporting flexible redevelopment potential
• New roof installed on smaller building in 2024, reducing near-term capital costs
An exceptional investment opportunity offering immediate income and significant redevelopment potential. Situated on a 0.57-acre site just one block from Holmes Regional Medical Center, this strategically located Melbourne property features two durable concrete block office buildings within a highly desirable medical and professional corridor.
The larger building, totaling approximately 3,930 square feet, presents an ideal opportunity for an owner-user or an investor seeking to lease the space for additional rental income. The second building, approximately 1,368 square feet, is currently tenant-occupied, providing stable in-place cash flow from day one. Further enhancing the property’s appeal, the smaller building received a new roof in 2024, helping minimize near-term capital expenditure.
Beyond the strength of the existing improvements, the property’s true upside lies in its highly sought-after R-P zoning. This designation provides flexibility and a clear path for future redevelopment, allowing investors to capitalize on the continued growth and demand within Melbourne’s expanding medical and professional market.
This is a rare opportunity for investors seeking dependable income with long-term redevelopment optionality, or for an owner-user to occupy the larger building while benefiting from rental income and future appreciation.
Property Highlights
• 0.57-acre site in Melbourne’s established medical corridor
• One block from Holmes Regional Medical Center
• Two concrete block office buildings totaling approximately 5,200 SF
• Building sizes: 3,900 SF and 1,300 SF
• Smaller building currently tenant-occupied, providing immediate cash flow
• Larger building ideal for owner-user or additional lease income
• R-P zoning supporting flexible redevelopment potential
• New roof installed on smaller building in 2024, reducing near-term capital costs
Property Facts
| Price / SF | $188.75 / SF | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Building Size | 5,298 SF |
| Status | Active | Total Land Area | 1.14 AC |
| Number of Properties | 2 |
| Price / SF | $188.75 / SF |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 5,298 SF |
| Total Land Area | 1.14 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1326 Oak St, Melbourne, FL 32901 | Office | 3,930 SF | 1957 | - |
| 1322 Oak St, Melbourne, FL 32901 | Office | 1,368 SF | 1973 | - |
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