Off-market (2 vacant parcels - zoned for 40 units) in downtown Melbourne FL

[Samuel Boyd]

2 Vacant pieces of buildable land with utilities (water and sewer on each). They are 0.17 acres each with an additional 0.10 acres that can be obtained with the abandon and vacate form at the back of these lots = 0.44 acres total. You can see what I'm talking about on the future land use and zoning tool/map here: https://mgis.maps.arcgis.com/apps/webappviewer/index.html?id=3f1f8b678a754f74ab7a58ba33c7911f

You can certainly purchase just 1 lot, but I think the value and possibilities really are there with both combined. Owners were asking $140,000 each and I am happy to submit any offer that you are interested in.

C-3 mixed use, you can build basically anything here, but I think the highest and best use is multifamily. I would suspect you could pretty easily figure out how to put between 8 and 12 units. Upwards of the allowable 34 (44 if you do the abandon and vacate), you'd need to get creative and go vertical (which is allowed up to 8 stories). I have the table of uses and dimensional standards which defines the allowable building parameters. Message me if interested.

They are also in the community redevelopment area boundaries which the city has designated financial incentives for building here.

I am very optimistic about this area. I sold the 2 parcels of land directly south of these two (2401 and 2405 Stone St.) this year for $130,000 each. I'm seeing things coming that no one is really aware of (likely multifamily coming in on the other lots, marina down the street, complete remodel of Riverview park across US-1, potential restaurant on the water at the end of the street, and St. Stephens way multifamily housing that just finished construction down the street on the river).

Give me a shout if you want to discuss further. Trying to get these sold. Thank you!