$1,495,000
Melbourne, FL 32901
MLS# 1043769
1 baths
1 / 33
Property Description
A rare opportunity in the dynamic heart of Downtown Melbourne, this 0.36-acre C-3 zoned property offers one of the area's premier mixed-use development prospects. The site allows for up to 36 residential units above ground-floor commercial space, ideal for retail, office, restaurant, or other active uses that complement the urban fabric. Positioned in a highly walkable, amenity-rich district, the site is surrounded by upscale retail, popular restaurants, and recently completed mixed-use developments that continue to drive consistent foot traffic and urban vibrancy. Zoned C-3, the property supports a broad range of high-demand uses including multi-family residential, office, retail, restaurant, or hospitality. With no setback requirements and a generous height allowance of up to 96 feet, the site offers exceptional vertical development potential—making it an ideal canvas for a dynamic, high-density project.
Details
Maps
Location, Tax, and Legal
Tax Account: 2818289
Parcel Number: 28-37-03-82-00046.0-0012.00
General County Location: South
Tax Annual Amount: 3437.23
Tax Year: 2024
Tax Legal Description: POWELLS & HENLEYS RESUBD LOTS 12,13 BLK 46
Directions: From Melbourne Ave, head north on Vernon Place, the site will be on the left
General Property Information
Number Of Units Total: 1
Building Area Total: 1340
Lot Size Acres: 0.36
Building Name: 125 x 127
Water Body Access YN: No
List Price/SqFt: 1115.67
Bathrooms Total: 1
Year Built: 1926
Remarks and Miscellaneous
Public Remarks: A rare opportunity in the dynamic heart of Downtown Melbourne, this 0.36-acre C-3 zoned property offers one of the area's premier mixed-use development prospects. The site allows for up to 36 residential units above ground-floor commercial space, ideal for retail, office, restaurant, or other active uses that complement the urban fabric. Positioned in a highly walkable, amenity-rich district, the site is surrounded by upscale retail, popular restaurants, and recently completed mixed-use developments that continue to drive consistent foot traffic and urban vibrancy.
Zoned C-3, the property supports a broad range of high-demand uses including multi-family residential, office, retail, restaurant, or hospitality. With no setback requirements and a generous height allowance of up to 96 feet, the site offers exceptional vertical development potential—making it an ideal canvas for a dynamic, high-density project.
Construction Materials
Frame: 1
Cooling
Central Air: 1
Current Use
Residential: 1
Electric
150 Amp Service: 1
Fencing
Fenced: 1
Lot Features
Zero Lot Line: 1
Parking Features
Additional Parking: 1
Off Street: 1
Possession
Close Of Escrow: 1
Road Frontage Type
Alley: 1
City Street: 1
Roof
Shingle: 1
Sewer
Public Sewer: 1
Unit 1 Details
Unit ID: 1
Annual Rent: 0
Unit SqFt: 1340
# Units (This Type): 1
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Development Site
Water Source
Public: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Sale Includes
Building & Land: 1
Contract Information
Current Price: $1,495,000
Original List Price: 1495000
List Price: $1,495,000
Status: Active
Listing Contract Date: 2025-04-20
Property Sub Type: Mixed Use
Location Tax and Legal
Street Number: 2106
Street Name: Vernon
Street Suffix: Place
County: Brevard
State: FL
Postal Code: 32901
MLS Area Major: 330 - Melbourne - Central
Subdivision Name: Powells and Henleys Resubd
Status Change Information
Major Change Timestamp: 2025-04-20T13:49:28Z
Major Change Type: New Listing
Status Change Timestamp: 2025-04-20
Property Features
Construction Materials: Frame
Cooling: Central Air
Current Use: Residential
Electric: 150 Amp Service
Fencing: Fenced
Lot Features: Zero Lot Line
Parking Features: Additional Parking; Off Street
Possession: Close Of Escrow
Road Frontage Type: Alley; City Street
Roof: Shingle
Sale Includes: Building & Land
Sewer: Public Sewer
Showing Requirements: Appointment Only; Call Listing Agent
Water Source: Public
Supplements
Whether envisioned as ground-floor boutique retail with luxury residences above, or a vibrant commercial destination tailored to serve the growing downtown population, this property provides a unique opportunity to shape the future of one of Florida's most promising urban markets.
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.
Listing Office: One Sotheby's International
Last Updated: October - 27 - 2025
Information is deemed to be reliable, but is not guaranteed.