5475 Lorkey Ln - Retail FOR SALE


Melbourne, FL 32940- Suburban Melbourne
$3,250,000 USD
561-929-0111
5475 Lorkey Ln, Melbourne, FL for Sale
$3,250,000 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

Prakas & Co. is pleased to present a rare opportunity to acquire a turnkey, newly constructed 6,664 SF commercial property on Florida's booming Space Coast. Located in the Borrows West neighborhood of Viera, one of Florida's fastest-growing master-planned communities, this two-story building is delivered vacant and ready for an owner-user or operator to step in. Built in 2023, the property features modern construction, a full commercial kitchen, retail storefront buildout, and a flexible two-story layout. FF&E is included, providing significant value to a restaurant or hospitality buyer. The property sits on 1.32 acres with 54 private parking spaces plus 10 dedicated golf cart spaces. Ideal Uses: Restaurant, bar, or hospitality concept (kitchen and buildout in place) Retail flagship, showroom, or specialty store Professional office headquarters Medical, dental, or specialty healthcare Owner-user acquisition or investor repositioning play Location & Market: Viera is experiencing exponential residential and commercial growth, with strong demographics, high-income households, and a steady stream of planned development. The Space Coast continues to expand on the back of aerospace, tech, and tourism, with Melbourne minutes away and Cocoa Beach within 30 minutes. This is one of Central Florida's most active growth corridors. Highlights: 2023 construction, turnkey condition Delivered vacant, ready for repositioning FF&E included Full commercial kitchen 1.32 acre site with 54+ parking spaces PUD zoning supports flexible commercial use Annual taxes: $8,387 High-growth Viera / Space Coast submarket NDA required for full offering package.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$488 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

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

62

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,600 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.