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5580 N US Highway 1, Melbourne, FL

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5580 N US Highway 1

Melbourne, FL 32940 - Brevard County Submarket

Property Type:Land Parcel Size:13.9 Acres
For Sale Price:$1,600,000 Price/Acre:$115,108 Price/SF:$2.64

Proposed Use:Retail

On-Site Improv:-

Area Description:
The subject property is located in the Town of Palm Shores, Brevard County, Florida in the SW Quadrant of the Pineda Causeway and US Highway 1 with US Hwy 1 frontage. Pineda Causeway is the connection west to Interstate 95 Exit 188 and east to the beach communities. Pineda provides motorists from Patrick Air Force Base, Satellite Beach, Palm Shores, and north Melbourne unfettered four-lane access to Interstate 95. This property is located in a high growth area of Brevard County midway between major population centers that are growing together.

Property Description:
This 13.9 ± acres consists of three parcels with 50± foot access on US Highway 1. The traffic count on US Highway 1 is 36,440 ADT. The three parcels include: Parcel ID: 2637 30 DS 00000.0 0002.00 / Tax Account: 2609635, Parcel ID: 2637 30 DS 00000.0 0003.05 / Tax Account: 2615785, Parcel ID: 2637 30 00 00000.0 0003.06 / Tax Account: 2622704. The combined RE Tax is $7,697. City of Melbourne Water is available at road frontage and Brevard County Sewer on-site and connected to county lift station. This property abuts an 8 acre offering with Pineda frontage that runs parallel to 84 Lumber if additional acreage is needed. Town of Palm Shores Zoning is C2 - General Commercial / Commercial and Light Industrial Land Use. Permitted uses include but are not limited to: Retail / Wholesale / Office / Automotive / Hotel / Hospital / Condos / Apartments

Dreyer & Associates Real Estate Group
Michael E Dreyer
(321) 777-7743

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