High-visibility 0.81-acre commercial corner at a signalized intersection on US Highway 1 in Melbourne, FL. With frontage on three roads (US-1, Masterson Street, and Guava Avenue) and over 47,000 vehicles per day, this cleared and level site is ready for development. Zoned C-1 and C-2, the property offers broad commercial flexibility—perfect for drive-thru restaurants, multi-tenant retail, medical/professional offices, or mixed-use projects. The parcel is ideally positioned just north of the Eau Gallie Arts District and minutes from SR-518, with city water and sewer available. Whether you’re looking for a retail pad site, an office development, or a vertically integrated project, this is a rare opportunity to capitalize on one of the few remaining undeveloped corners in the Melbourne US-1 corridor. Highlights: 0.81 Acres | Approx. 188’ US-1 frontage Zoned C-1 & C-2 | No rezoning needed Signalized corner with 3-street access Traffic counts: 47,500+ VPD (US-1) Ideal for QSR, medical, retail, or mixed-use Minutes from Eau Gallie Blvd & I-95 Option A: Fast Casual Restaurant or Drive-Thru Coffee Shop (Single-Tenant Retail): Build ~3,000 SF with drive-thru, 30+ parking spaces. Likely lease to national chain. Pros: High rent, quick ROI, strong fit for site. Cons: High traffic generation, single-use only. Feasibility: Excellent – by-right use, market demand evident (no coffee drive-thru in immediate area; nearest Starbucks is ~2 miles away). Option B: Neighborhood Retail Strip (Multi-Tenant): Build ~5,000–6,000 SF split among 2-3 tenants (e.g., small restaurant, salon, and office). Pros: Diversified income, serves local needs, still leverages traffic. Cons: Needs leasing effort, moderate intensity use of site. Feasibility: Good – fits zoning and site; would fill a gap in local services. Could be combined with Option A (e.g., one end tenant is a drive-thru). Option C: Medical/Office Building: Develop ~6,000–10,000 SF for medical clinics or offices (1-2 story). Pros: Stable long-term use, daytime traffic only, could attract an anchor like an urgent care or vet. Cons: Lower rent than retail, requires finding the right occupant(s). Feasibility: Good – permitted use, demand present (especially vet or dental clinic demand in area), parking manageable up to a point. Option D: Mixed-Use (Commercial + Apartments): Construct multi-story structure with ground-floor retail (~3,000–4,000 SF) and 20–30 apartments above. Pros: Maximizes site potential, aligns with city growth trends, potential CRA support, creates landmark property with long-term appreciation. Cons: Most complex/capital intensive, requires strong leasing/sales for both components, parking and design challenges. Feasibility: Moderate – possible under zoning (city would likely approve), but needs careful planning and strong market execution. Could be highly rewarding if demand for boutique apartments near EGAD is strong (which initial signs indicate, given other projects). Option E: Specialty Use (Wildcard): One could also consider a boutique use taking advantage of traffic like a showroom or recreational facility. For example, a high-end used car dealership or RV sales (outdoor display) could use the corner (auto sales allowed in C-2 with conditions). Or a small self-storage facility (multi-story climate controlled) – those are in demand and C-2 might allow it with a conditional use. However, these tend not to maximize retail synergy or might face aesthetic pushback on a prominent corner. They are feasible but likely not the “highest and best” compared to the above options which engage the consumer market more directly.