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Key Facts

Type Unimproved Land
Levels Commercial Sale
Size  sqft
Garage No
Maintenance Fees 
Taxes $5,726
Days Active 243
Approx. Age 0
MLS® Number 1024700

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

This .42-acre parcel in Historic Downtown Melbourne offers a unique redevelopment opportunity in a rapidly growing district. Zoned C3, the site is ideal for a transformative project. A strategic assemblage with adjacent city-owned parcels could expand the property to 1.01 acres with a potential density of 100 units per acre. The proposed development is a seven-story mixed-use building featuring 90 residential units, including 47 one-bedroom and 43 two-bedroom apartments, alongside 6, 000 square feet of ground-floor commercial space. The total construction area spans 252, 890 square feet with parking for 147 vehicles. The project includes interior and exterior residential amenities to enhance urban living. This assemblage with the City of Melbourne creates a cohesive development opportunity that could significantly reshape the downtown skyline, making it one of the most impactful projects in the area.Show Description
MLS® Number1024700
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age0
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatNone
A/CNone
Heating Fuel

Extras

Land Only

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