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3951 Dairy Rd 4.98 Acres of Residential Land Offered at $2,600,000 in Melbourne, FL 32901

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INVESTMENT HIGHLIGHTS

  • Land Size: ±4.99 Acres
  • Utilities: Water, sewer, and electric available at site
  • Traffic Counts: 22,000 VPD
  • Zoning: C-1
  • Topography: Level and buildable
  • Market Fundamentals: Strong population and income growth, low vacancy rates, and expanding retail demand across Brevard County

PROPERTY FACTS

Price $2,600,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Apartment Units
  • Planned Unit Development
Total Lot Size 4.98 AC
Zoning Commercial

1 LOT AVAILABLE

Lot

Price $2,600,000
Price Per AC $522,119.81
Lot Size 4.98 AC

Prime 5-acre retail infill site in Melbourne, Florida, located on hard corner of Dairy Road and Eber Blvd. Zoned C-1 with conditional use approval for self-storage, this property allows for numerous commercial, residential, and mixed-use developments

DESCRIPTION

Property: This five-acre retail infill site in Melbourne, FL sites at the hard corner of Dairy Road and Eber Blvd. Level and dry, the site has a clean phase land was previously slated for self-storage development and still has conditional use approval for that development, but zoning allows for a myriad of other uses. Traffic counts are over 22,000 VPD, and there are over 156,000 people living within five miles of the site. The current zoning is C-1 and allows for a variety of approved uses (assisted living facility, B and B’s, daycare, club’s and lodges, multifamily homes, single family homes, townhomes, duplex, triplex, churches, nursing homes, banks, office, restaurants, retail, schools, and veterinarian); and bars can be done with a conditional use approval. Location: Situated in southern Brevard County, within the City of Melbourne, this site benefits from its central position in one of Florida’s most dynamic and business-friendly regions. Excellent Accessibility conveniently accessible from major arteries such as U.S. Highway 1, Interstate 95, and State Road 192 (New Haven Avenue) — connecting to Orlando, Palm Bay, Viera, and the beaches within minutes. Growing Market Demand, the surrounding trade area is supported by strong population growth, robust housing development, and a rising median household income, fueling demand for retail and service amenities. Area Information: Melbourne, Florida is a city in Brevard County on the Space Coast, known for its blend of high-tech aerospace industries and laid-back coastal lifestyle. The city features historic downtowns, the Eau Gallie Arts District, and natural attractions like the Indian River Lagoon and Atlantic beaches, offering activities from kayaking to shopping. It has a Council-Manager form of government, and its economy is driven by technology, tourism, and the military.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
28-37-16-00-00252.0-0000.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,521,550
  • Listing ID: 38281780

  • Date on Market: 10/31/2025

  • Last Updated:

  • Address: 3951 Dairy Rd, Melbourne, FL 32901

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