5475 Lorkey Ln - Retail FOR SALE


Melbourne, FL 32940- Suburban Melbourne
$4,950,000 USD
561-929-0111
5475 Lorkey Ln, Melbourne, FL for Sale
$4,950,000 USD
Retail - FOR SALE
1/7
null | Request Cap Rate

5475 Lorkey Ln
Melbourne, FL 32940
Suburban Melbourne


HIGHLIGHTS

  • Newly constructed in 2023 – turnkey, modern two-story facility built for hospitality/retail
  • 6,664 SF building on 1.32-acre site with 54 private parking spaces + 10 golf cart spaces
  • Purpose-built wine bar and restaurant with unique self-pour wine dispensing system and full commercial kitchen
  • Located in Borrows West, Viera – one of the fastest-growing master-planned communities on Florida’s Space Coast
  • Strong demographics and market fundamentals driven by aerospace, tech, and tourism growth
  • Confidential offering – includes real estate, business, and FF&E, with appraisal-supported value

OVERVIEW

Confidential Offering – Wine Bar & Restaurant Property | Space Coast (Viera, FL) Asking Price: $4,950,000 (Real Estate + Business + FF&E) Contact: Jimmy Layson | 407.749.3694 | jlayson@prakascompany.com Prakas & Co. Office | 561.368.0003 (Ask for Chas) Overview Prakas & Co. is pleased to present a confidential offering of a newly constructed wine bar and restaurant property on Florida’s booming Space Coast. Completed in 2023, this 6,664 SF two-story facility was purpose-built for hospitality and retail. The property currently operates as a wine bar and kitchen with a unique self-pour wine dispensing system, full commercial kitchen, and retail storefront. Located in the vibrant Borrows West neighborhood of Viera—just 30 minutes from Cocoa Beach—this turnkey asset is positioned in one of the fastest-growing master-planned communities in Florida. Property Highlights Site Size: 1.32 Acres (57,499 SF) Building Size: 6,664 SF | Two Stories Parking: 54 Private Spaces + 10 Golf Cart Spaces Zoning: PUD – Planned Unit Development Taxes: $8,387 (Annual) Built: 2023 (Modern, Purpose-Built Design) Market Strength Viera, FL is experiencing rapid residential and commercial expansion, attracting families, retirees, and professionals. Strong demographics, high-income households, and master-planned growth support long-term upside. The Space Coast continues to benefit from aerospace, technology, and tourism growth, driving economic strength and population gains. Offering Details Confidential Sale – NDA required for full disclosure. Asking Price: $4,950,000 (includes real estate, business, FF&E). Current Market Value (Real Property Only): $4,500,000 (as of July 2025 appraisal). Opportunity to continue the existing wine bar concept or introduce a new hospitality/retail operation in a high-demand market.

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$743 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Bar, Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Zoning: PUD – Planned Uni

APN/PARCEL ID

25-36-33-50-0000B.0-0001.00

ASK ABOUT THIS PROPERTY

Tom PrakasPrakas & CompanyMore Info
561-929-0111

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Tom PrakasPrakas & CompanyMore Info
561-929-0111

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.