A Rare Downtown Melbourne Development Offering
Situated on 0.36 acres in the heart of Downtown Melbourne, this C-3 zoned mixed-use site is one of the most compelling opportunities in today’s market. With C-3 zoning density allowing up to 36 units plus mixed-use amenities, the property sits within a highly walkable, amenity-rich district surrounded by new mixed-use projects, established restaurants, and high-end retail that continue to fuel strong demand and steady foot traffic.
C-3 zoning supports multi-family, office, retail, restaurant, and hospitality uses, while no setback requirements and a 96-foot height allowance create exceptional vertical potential. From boutique ground-floor retail with luxury residences above to a dynamic commercial destination, the site offers a true blank canvas to deliver high-density development in one of Florida’s fastest-growing urban cores. Further enhancing long-term value is the site's proximity just three miles from Melbourne Orlando International Airport, which is currently undergoing a multi-million terminal and runway expansion. Combined with significant nearby investments, including the newly funded Margaritaville development and multiple luxury residential projects within a two-mile radius, the area is poised for continued economic growth and demand.
An additional feature that enhances both functionality and flexibility is the presence of a 15-foot-wide service alley that runs continuously from Vernon Place to Waverly Place. This through-access configuration offers ideal ingress and egress for service vehicles, loading, and back-of-house operations adding further appeal for future commercial or mixed-use development. This is more than a development site; it is a strategic gateway to opportunity in the heart of the Space Coast's most exciting downtown corridor.