ONE Commercial Real Estate is pleased to present this unique opportunity to acquire 11.14 acres of development land on busy US-1, overlooking the Indian River, in the City of Melbourne in Brevard County, Florida. The subject is a commercial and residential zoned site with an underlying mixed-use Midtown Activity Center overlay designation.
The subject is presently occupied by Toyota of Melbourne, a 59,070-square foot automobile dealership. The improvements were constructed in 1994, 1999 & 2003. With a panoramic view of Indian River, it features an efficient floor plan including a showroom, numerous workstations and private offices, customer lounges, a service and parts department, a body shop, and a well-maintained, sprawling parking lot with canopy-covered display area.
Included in the 11.14-acre offering, in addition to the dealership site, is a 0.54-acre contiguous parking lot, a 0.54-acre, non-contiguous parking lot, and a 0.27-acre residential lot. A map and zoning designations can be found on page four (4).
The offering is being sold as a development opportunity for multifamily commercial. Please contact Mel Howard to discuss.