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Investment Highlights

  • The property borders Crane Creek, providing a scenic waterway to the south.

Executive Summary

The Subject property consists of two contiguous lots located at 625 E. Melbourne Avenue, Melbourne, FL 32901. Nestled on the south side of East Melbourne Avenue and bordered to the north by Crane Creek, these lots are conveniently situated just one block south of Downtown Melbourne. This prime location offers easy access to the vibrant amenities of the downtown area, including shops, restaurants, and cultural attractions, making it an ideal spot for both residential and potential redevelopment opportunities. Surrounding land uses enhance the Subject's appeal. To the north, the property is adjacent to a City of Melbourne parking lot and the contemporary Highline Apartments, fostering a lively urban environment. To the south lies Crane Creek and the City of Melbourne Water Treatment facility, providing essential municipal services. The eastern and western boundaries of the Subject are flanked by estate single-family residential properties, contributing to a serene residential atmosphere while maintaining proximity to urban conveniences.
The Subject encompasses a total of 1.04+- acres, as recorded by the Brevard County Property Appraiser. The neighborhood's layout supports a diverse mix of land uses, effectively catering to the needs of its population. With commercial developments located along major roadways, residents have access to various shopping, dining, and recreational options. The nearby West New Haven Avenue corridor, known for its array of national retailers and the Melbourne Square Mall, provides a convenient shopping destination for local residents. Furthermore, the historic Downtown Melbourne, located just a short distance away, offers a unique blend of local shops eateries, and cultural attractions, enhancing the neighborhood's overall appeal. In summary, the location of 625 E. Melbourne Avenue is strategically situated within a thriving neighborhood that combines residential comfort with urban convenience. The proximity to Crane Creek, alongside a mix of estate single-family homes and modern apartment living, contributes to a community that is both inviting and functional. As the area continues to develop, it maintains a harmonious balance between its natural beauty and urban amenities, making it an ideal setting for both current residents and potential future developments.
SHOWING INSTRUCTION: Property has to be shown BY APPOINTMENT ONLY

Property Facts

Price $1,000,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Single Family Development
Total Lot Size 1.04 AC
Opportunity Zone Yes
Zoning R-3 (15) - R-3 (15), Multiple-Family Dwelling High Density District City of Melbourne

1 Lot Available

Lot 625

Price $1,000,000
Price Per AC $961,538.46
Lot Size 1.04 AC

The Subject property consists of two contiguous lots located at 625 E. Melbourne Avenue, Melbourne, FL 32901. Nestled on the south side of East Melbourne Avenue and bordered to the north by Crane Creek.

Description

Located just one block south of Downtown Melbourne, 625 E. Melbourne Avenue offers an exceptional development opportunity within a vibrant and growing urban setting. Spanning two contiguous lots totaling approximately 1.04± acres, the property sits along East Melbourne Avenue and is bordered to the north by serene Crane Creek, creating a unique blend of natural surroundings and city convenience. This prime location delivers immediate access to the downtown district’s diverse offerings, including boutique shopping, eclectic dining, and cultural attractions. The site benefits from a dynamic setting supported by complementary land uses. To the north, a City of Melbourne parking lot and the modern Highline Apartments strengthen the area’s urban appeal. To the south, Crane Creek and municipal water facilities provide an open, green backdrop. Eastern and western boundaries are graced by estate-style single-family residences, fostering an attractive contrast of established residential charm and urban connectivity. With additional retail corridors such as West New Haven Avenue and Melbourne Square Mall nearby, the property is positioned to take advantage of strong regional traffic and the city’s vibrant economic growth. As Downtown Melbourne continues to flourish as a hub of activity and redevelopment, this parcel offers significant potential for residential, mixed-use, or infill development projects that integrate with the area’s evolving character. SHOWING INSTRUCTION: Property has to be shown BY APPOINTMENT ONLY

Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
  • Listing ID: 35745814

  • Date on Market: 5/5/2025

  • Last Updated:

  • Address: 625 E Melbourne Ave, Melbourne, FL 32901

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