5925 S Hwy A1a
Melbourne Beach, FL 32951

Tools & Resources:

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. 10 Bedrooms 10 baths. Properties of 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 and units can be used as Short-Term or Long Term Rentals. Seven Miles North of the World Famous Sebastian Inlet State Park and Wildlife Refuge and Seven Miles to Downtown Melbourne Beach. So Much Potential. It must be seen to imagine the endless possibilities.

Features

• Property Type: Residential Income
• Sub Type: Multi Family
• Listing Status: Active
• County/Area: Brevard County
• Zip Code: 32951
• Year Built: 1958
• Subdivision/Neighborhood: Melbourne Shores 1st Addn
• Elementary School: Gemini
• Middle School: Hoover
• High School: Melbourne
• Sq.Ft.: 6,857 sq ft
• Units: 10 units
• Bedrooms: 8
• Full Baths: 8
• Garage: 2 Car
• Lot Size: 1.53 acres
• Baths: 8
• View: Beach, Water
• Zoning: Commercial/Residential/Office
• Additional Parcels Description: 2954024
• Cooling: Central Air, Electric, Wall/Window Unit(s)
• Direction Faces: East
• Directions: From Rt. 192 turn right on A1A to the Town of Melbourne Beach ( Ocean Avenue ) turn left and head south of A1A for 7 miles to 5925 A. Highway A1A. Melbourne Shores.
• Furnished: Partially
• Heating: Electric, Varies by Unit, Other
• Listing Terms: Cash, Conventional
• Living Area Source: Owner
• Lot Size Area: 1.53
• Lot Size Square Feet: 66646.8
• Lot Size Units: Acres
• MLS Area Minor: 385 - South Beaches
• Main Type: Residential Income
• Number Of Buildings: 2
• Parcel Number: 29-38-14-Gz-00004.0-0015.00
• Parking Features: Additional Parking, Garage, RV Access/Parking, Shared Driveway
• Possession: Close Of Escrow
• Road Frontage Type: Highway
• Road Surface Type: Asphalt, Paved
• Sewer: Septic Tank
• Special Conditions Details: Owner Licensed RE
• Stories Total: 2
• Tax Annual Amount: 17499.1
• Tax Year: 2023
• Utilities: Cable Available
• Water Source: Shared Well, Well