Listing Address:
1322 Oak Street, Melbourne, FL 32901
Active
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Price: $899,000
MLS # 1060409
Property Type: Commercial
This property is Active. Please contact us for similar properties.
Property Description:
Excellent investment opportunity combining immediate income with significant redevelopment potential. This 0.57-acre property features two durable, concrete block office buildings in a strategic Melbourne location. The larger building, approximately 3,900 sq. ft., is perfect for an owner-user or can be leased for additional income. The second building, approximately 1,300 sq. ft., is currently tenant-occupied, providing a steady income stream from day one. Adding to its value, the smaller building features a new roof installed in 2024, minimizing near-term capital expenditures for the new owner. Beyond the stability of the current setup, the property's immense upside is its highly sought-after R-P zoning. This flexible designation offers a clear path for future development. This is a unique chance for an investor to acquire a cash-flowing asset while planning a long-term strategy, or for an owner-user to occupy the larger space while benefiting from rental income.
Property Listing Details for 1322 Oak Street, Melbourne, FL 32901
Subdivision
Total SqFt.
5,298
Property Sub-Type
Office
Sale / Lease
Sale
Lot Acres
0.57
County
Brevard
Tax Amount
$12,264 (2023)
D. Basile Real Estate, LLC lists and sells Real Estate and Luxury homes in Melbourne Beach, Merritt Island, Cocoa Beach, Lansing Island, Tortoise Island, Barefoot Bay, Cape Canaveral, Cocoa, Grant Valkaria, Indialantic, Indian Harbour Beach, Malabar, Melbourne, Palm Bay, Rockledge, Satellite Beach, Titusville, West Melbourne and surrounding areas in Brevard.
This listing is courtesy of Waterman Real Estate Inc.. Property Listing Data contained within the D Basile Real Estate website is the property of Brevard MLS and is provided for consumers looking to purchase real estate. Any other use is prohibited. We are not responsible for errors and omissions on this web site. All information contained herein should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended.
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