Medical Office Investment & Redevelopment Opportunity | Melbourne, FL An exceptional investment opportunity offering immediate income and significant redevelopment potential. Situated on a 0.57-acre site just one block from Holmes Regional Medical Center, this strategically located Melbourne property features two durable concrete block office buildings within a highly desirable medical and professional corridor. The larger building, totaling approximately 3,930 square feet, presents an ideal opportunity for an owner-user or an investor seeking to lease the space for additional rental income. The second building, approximately 1,368 square feet, is currently tenant-occupied, providing stable in-place cash flow from day one. Further enhancing the property’s appeal, the smaller building received a new roof in 2024, helping minimize near-term capital expenditure. Beyond the strength of the existing improvements, the property’s true upside lies in its highly sought-after R-P zoning. This designation provides flexibility and a clear path for future redevelopment, allowing investors to capitalize on the continued growth and demand within Melbourne’s expanding medical and professional market. This is a rare opportunity for investors seeking dependable income with long-term redevelopment optionality, or for an owner-user to occupy the larger building while benefiting from rental income and future appreciation. Property Highlights • 0.57-acre site in Melbourne’s established medical corridor • One block from Holmes Regional Medical Center • Two concrete block office buildings totaling approximately 5,200 SF • Building sizes: 3,900 SF and 1,300 SF • Smaller building currently tenant-occupied, providing immediate cash flow • Larger building ideal for owner-user or additional lease income • R-P zoning supporting flexible redevelopment potential • New roof installed on smaller building in 2024, reducing near-term capital costs