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Surfcaster Motel 5935 S Highway A1A 9 Room Hotel Melbourne Beach, FL 32951 $4,500,000 ($500,000/Room) 2.32% Cap Rate
INVESTMENT HIGHLIGHTS
- Oceanview and on the beach
EXECUTIVE SUMMARY
$500,000 Price Improvement – Exceptional Oceanfront Development Opportunity
Incredible opportunity to acquire 1.53 acres of direct oceanfront commercial property at a significantly reduced price. This is one of the most valuable and versatile parcels available on the coast.
Zoned commercial with daily rental allowed, the property is ideal for a wide range of high-impact uses. Build a boutique resort, a luxury short-term rental compound, an oceanfront wedding and event venue, or a signature restaurant with unmatched views. The zoning supports retail, hospitality, and mixed-use concepts, making it a truly flexible asset.
The land offers direct beach access and sweeping ocean views. Its size, zoning, and location make it nearly impossible to replicate in today’s market.
With a $500,000 price improvement, this is a serious value-add opportunity for developers, hospitality groups, or investors looking for a 1031 exchange or long-term hold.
For full details, zoning info, or to schedule a private tour: Call Michael DeAngelo at 321-313-0249
Pro Forma Remodeled
Incredible opportunity to acquire 1.53 acres of direct oceanfront commercial property at a significantly reduced price. This is one of the most valuable and versatile parcels available on the coast.
Zoned commercial with daily rental allowed, the property is ideal for a wide range of high-impact uses. Build a boutique resort, a luxury short-term rental compound, an oceanfront wedding and event venue, or a signature restaurant with unmatched views. The zoning supports retail, hospitality, and mixed-use concepts, making it a truly flexible asset.
The land offers direct beach access and sweeping ocean views. Its size, zoning, and location make it nearly impossible to replicate in today’s market.
With a $500,000 price improvement, this is a serious value-add opportunity for developers, hospitality groups, or investors looking for a 1031 exchange or long-term hold.
For full details, zoning info, or to schedule a private tour: Call Michael DeAngelo at 321-313-0249
Pro Forma Remodeled
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
- Balcony
- Restaurant
- High Speed Internet Access
- Beach (direct access)
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 3 | $125.00 | - |
| Guest Room | 6 | $100.00 | - |
PROPERTY TAXES
| Parcel Number | 29-38-14-GZ-00004.0-0015.00 | Total Assessment | $1,925,200 |
| Land Assessment | $0 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
29-38-14-GZ-00004.0-0015.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,925,200
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Presented by
Salt Water Realty of Brevard
Surfcaster Motel | 5935 S Highway A1A
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