$5,450,000
Melbourne Beach, FL 32951
MLS# 1001205
12 baths
1 / 38
Property Description
Welcome to the most unique property and best investment opportunity in all of Melbourne Beach, Florida. 1.53 Acres of Oceanfront Property with over 150 Ft. of direct ocean frontage. Properties this size directly on the Atlantic Ocean are very rare. Currently a Nine unit apartment/motel with a full service turnkey restaurant. 4 efficiency units, two studios with two 1 bedroom and one 2 bedroom apartments. This would make an incredible resort or wedding destination with full catering available on site. Pool can be added. Seven miles north of the world famous Sebastian Inlet State Park and seven miles to downtown Melbourne Beach, Can be used as short term or long term rentals. So much potential it must be seen to imagine the endless possibilities.
Details
Maps
Documents
Contract Information
Current Price: $5,450,000
Original List Price: 5995000
List Price: $5,450,000
Status: Active
Listing Contract Date: 2024-01-04
Start Showing Date: 2024-01-08
Property Sub Type: Hotel-Motel
Location Tax and Legal
Street Number: 5935
Street Direction Prefix: S
Street Name: Hwy A1a
County: Brevard
State: FL
Postal Code: 32951
MLS Area Major: 385 - South Beaches
Subdivision Name: Melbourne Shores 1st Addn
General Property Information
Number Of Units Total: 10
Stories Total: 2
Bathrooms Total: 12
Building Area Total: 6857
Building Area Source: Plans
Accessibility Features YN: No
Year Built: 1958
Waterfront YN: Yes
Water Body Name: Atlantic Ocean
Water Frontage Feet: 150
Senior Community YN: No
List Price/SqFt: 794.81
Remarks and Miscellaneous
Public Remarks: Welcome to the most unique property and best investment opportunity in all of Melbourne Beach, Florida. 1.53 Acres of Oceanfront Property with over 150 Ft. of direct ocean frontage. Properties this size directly
on the Atlantic Ocean are very rare. Currently a Nine unit apartment/motel with a full service turnkey restaurant. 4 efficiency units, two studios with two 1 bedroom and one 2 bedroom apartments. This would make an incredible resort or wedding destination with full catering available on site. Pool can be added. Seven miles north of the world famous Sebastian Inlet State Park and seven miles to downtown Melbourne Beach, Can be used as short term or long term rentals. So much potential it must be seen to imagine the endless possibilities.
Status Change Information
Major Change Timestamp: 2024-09-17T21:38:34Z
Major Change Type: Price Reduced
Price Change Timestamp: 2024-09-17T21:38:34Z
Status Change Timestamp: 2024-01-04
Building Features
# Overhead Doors: 1
Unit 1 Details
Unit ID: 1
Annual Rent: 19200
Unit SqFt: 310
# Units (This Type): 1
Baths Total: 1
Furnished: Partially
Unit Remarks: Next to Restaurant and Laundry
Unit 2 Details
Unit ID: 2
Annual Rent: 19200
Unit SqFt: 322
# Units (This Type): 1
Baths Total: 9
Furnished: Partially
Unit Remarks: Next to Laundry
Unit 3 Details
Unit ID: 3
Annual Rent: 24000
Unit SqFt: 472
# Units (This Type): 1
Baths Total: 1
Furnished: Partially
Unit Remarks: Studio
Unit 4 Details
Unit ID: 4
Annual Rent: 19200
Unit SqFt: 321
# Units (This Type): 1
Baths Total: 1
Furnished: Partially
Unit Remarks: Efficiency
Unit 5 Details
Unit ID: 5
Annual Rent: 19200
Unit SqFt: 327
# Units (This Type): 1
Baths Total: 1
Furnished: Partially
Unit Remarks: Efficiency
Unit 6 Details
Unit ID: 6
Annual Rent: 24000
Unit SqFt: 444
# Units (This Type): 1
Baths Total: 1
Furnished: Partially
Unit Remarks: Oceanfront Studio
Unit 7 Details
Unit ID: 7
Annual Rent: 21600
Unit SqFt: 645
# Units (This Type): 1
Baths Total: 1
Furnished: Partially
Unit Remarks: 1 Bedroom 2nd floor above office and garage Bldg 2
Unit 8 Details
Unit ID: 8
Annual Rent: 21600
Unit SqFt: 645
# Units (This Type): 1
Baths Total: 1
Furnished: Partially
Unit Remarks: 1 Bedroom 2nd floor above office and garage Bldg 2
Property Features
Building Features: Kitchen Facilities; Laundry; Lounge; Office; Overhead Doors; Private Restroom; Reception Area; Restaurant; Separate Office Area; Storage
Construction Materials: Other
Cooling: Central Air; Central Building; Wall/Window Unit(s)
Lot Features: Other
Parking Features: Additional Parking; Garage; RV Access/Parking; Shared Driveway
Sale Includes: Building & Land; Business with Real Estate
Sewer: Septic Tank
Water Source: Private; Well
Waterfront Features: Ocean Access; Ocean Front
Survey 
Listing Office: Salt Water Realty of Brevard
Last Updated: September - 17 - 2024
Information is deemed to be reliable, but is not guaranteed.