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5120 N Us Highway 1, Melbourne
$2,900,000
5 Baths ⋅ 1085710 MLS
Unique Opportunity to Own Prime Commercial Real Estate in Melbourne! 4.64 Acres of Direct US 1 with 300 ft. of Indian River Front Frontage (can be used for residential); can be broken up into three parcels total. One of the three potential parcels has a beautiful concrete block 5400 square foot tile roof building and is currently fully occupied with long term leases in place. The 5400 Sq ft. building is being valued at 1.7 million with the additional 3.39 acres being valued at 1.2 million. The CAP RATE for the 5400 Sqft building is 7%. The building is currently fully occupied (3600 sq ft occupied by the owner with long term plans to stay) with 5 year leases in place for both tenants. Build on the other two parcels as you collect income from this beautiful building! Phase 1 Environmental Completed Dec. 2025 with approval for 33,000 square foot building. A special height variance is approved by the town of Palm Shores for this project. Will provide documentation upon request.

5120 N Us Highway 1, Melbourne

3135 Shady Dell Lane Unit 218, Melbourne
$171,999
2 Beds ⋅ 2 Baths ⋅ 1083784 MLS
Welcome to **3135 Shady Dell Lane, Unit 218, Melbourne, FL 32935**, a beautifully updated 2 bedroom, 2 bathroom condominium offering over 1,095 square feet of thoughtfully designed living space in one of Melbourne's most convenient locations. Situated just one block from the scenic Indian River, this residence combines modern interior finishes, functional living spaces, and exceptional accessibility to everything the Space Coast has to offer. Inside, you'll find a renovated kitchen featuring modern cabinetry, ample countertop space, a large pantry, and a complete appliance package. The open-concept layout flows seamlessly into the spacious living and dining areas, creating an inviting atmosphere for both everyday living and entertaining. Luxury flooring extends throughout the home with **no carpet**, while central air conditioning, ceiling fans in every room, and abundant natural light provide year-round comfort. The expansive primary suite easily accommodates a king-size bedroom set while still offering space for a home office or private sitting area. A generous walk-in closet, additional storage, and an updated en-suite bathroom with a tiled walk-in shower complete the owner's retreat. The second bedroom is equally well-sized and conveniently located adjacent to the full guest bathroom, featuring a tiled tub and shower combination. Additional interior and exterior storage, including a private utility room located on the screened balcony, adds to the home's practicality. Step outside to your private screened porch, an ideal setting to enjoy Florida's year-round climate. Just a short stroll away, you'll experience breathtaking sunrises along the Indian River, while nearby Wickham Park offers nearly 400 acres of walking trails, lakes, athletic facilities, and some of Brevard County's most beautiful sunsets. Residents of Shady Dell enjoy a variety of community amenities, including a resort-style swimming pool, clubhouse, racquetball courts, shuffleboard, barbecue and picnic areas, fitness facilities, and beautifully maintained common grounds. HOA fees also provide excellent value by covering water, sewer, cable television, trash service, exterior maintenance, insurance, and pest control. Conveniently located just minutes from the Eau Gallie Arts District, Melbourne's pristine beaches, Eastern Florida State College, major shopping centers, dining, healthcare facilities, and employers such as L3Harris Technologies, Northrop Grumman, and the growing aerospace corridor, this property offers exceptional accessibility for homeowners and investors alike. Melbourne Orlando International Airport is also only a short drive away, making travel effortless. Whether you're searching for a primary residence, a seasonal Florida retreat, or an income-producing investment, this property presents an outstanding opportunity. With strong rental demand throughout the Melbourne market and an estimated rental potential of approximately **$1,500 to $1,700 per month**, Unit 218 offers an attractive combination of lifestyle, location, and long-term investment potential.

3135 Shady Dell Lane Unit 218, Melbourne