1363 Cypress Avenue, Melbourne, FL 32935

Property Description

Four-building commercial assemblage totaling 13,675 SF on 0.64 acres. Multi-tenant retail/office under single ownership. Oldest improvement dates to 1957. Priced at $1,900,000. The property occupies the full block immediately west of the US-1 / Eau Gallie Boulevard intersection. US-1 frontage carries 36,500 AADT, rising to 55,500 north at Sarno Road. Eau Gallie Boulevard is the only bridge crossing to the barrier island in this segment. Melbourne Orlando International Airport is 14 minutes west, I-95 six minutes north, downtown Melbourne nine minutes south. L3Harris and Holmes Regional Medical Center are within four miles. The site lies within the Eau Gallie Activity Center overlay, permitting elevated floor area ratios and densities. Community Redevelopment Area status and ongoing streetscape investment support both stabilized income and ground-up redevelopment. Flood Zone X per FEMA Panel 12009C0519H. No flood insurance required. Offered at $1,900,000 for the entire assemblage.