2 Beds
1 Bath
1,340 SqFt
2 Beds
1 Bath
1,340 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,340 sqft
Price per Sqft $1,115
Subdivision Powells And Henleys Resubd
MLS Listing ID 1043978
Style Traditional
Bedrooms 2
Full Baths 1
HOA Y/N No
Total Fin. Sqft 1340
Year Built 1926
Annual Tax Amount $3,437
Tax Year 2024
Lot Size 0.360 Acres
Acres 0.36
Lot Dimensions 125x127
Property Sub-Type Single Family Residence
Source Space Coast MLS (Space Coast Association of REALTORS®)
Property Description
Currently improved with a single-family residence constructed in 1926, the existing structure comprises approximately 1,400 square feet with 2 bedrooms and 1 bathroom. While the home remains intact, the highest and best use of the property is as a premier development site.
The zoning designation allows for significant vertical development potential, with no setback requirements and a maximum building height of up to 96 feet. Conceptual capacity includes the ability to construct up to 36 residential units integrated with ground-floor commercial mix use. The zoning designation allows for significant vertical development potential, with no setback requirements and a maximum building height of up to 96 feet. Conceptual capacity includes the ability to construct up to 36 residential units integrated with ground-floor commercial mix use.
The property is located within a highly walkable, amenity-rich environment surrounded by upscale retail, popular dining establishments, and recently completed mixed-use developments all contributing to sustained pedestrian traffic and urban vitality.
Strategically located just three miles from the Melbourne Orlando International Airport currently undergoing a multi-million-dollar terminal and runway expansion the site benefits from its proximity to major infrastructure investments. Additionally, surrounding developments such as the new Margaritaville resort and multiple luxury residential projects within a two-mile radius further underscore the area's momentum and long-term growth prospects.
The site also includes a 15-foot-wide service alley that provides continuous access between Vernon Place and Waverly Place. This through-access enhances logistical efficiency for future loading, service vehicles, and other back-of-house functions, increasing the development's operational flexibility.
This offering represents more than just a redevelopment opportunityit is a pivotal investment in the future of Downtown Melbourne, serving as a potential cornerstone within the broader transformation of the Space Coast's most vibrant commercial and residential corridor.
Location
State FL
County Brevard
Area 330 - Melbourne - Central
Direction From Melbourne Ave, head north on Vernon Place, the home/development site will be on the left
Interior
Heating Central
Cooling Central Air
Furnishings Partially
Appliance Other
Exterior
Exterior Feature ExteriorFeatures
Parking Features Other
Fence Back Yard, Wood
Utilities Available Electricity Available, Sewer Available, Water Available
View City
Roof Type Shingle
Present Use Commercial,Multi-Family,Residential
Street Surface Asphalt
Porch Front Porch, Side Porch
Road Frontage City Street
Garage No
Private Pool No
Building
Lot Description Zero Lot Line
Faces East
Story 2
Sewer Public Sewer
Water Public
Architectural Style Traditional
New Construction No
Schools
Elementary Schools University Park
High Schools Melbourne
Others
Senior Community No
Tax ID 28-37-03-82-00046.0-0012.00
Security Features Other
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Virtual Tour https://www.propertypanorama.com/instaview/spc/1043978
Schools and Properties Nearby
- 8
Indialantic Elementary School
Public | KG - 6
- 6
Harbor City Elementary School
Public | PK - 6
- 5
Palm Bay Academy Charter School
Public | KG - 8
- 5
Imagine Schools at West Melbourne
Public | KG - 6
- 2
University Park Elementary School
Public | PK - 6
- 1
Riverdale Country Day School
Public | KG - 12
- 1
Palm Bay High School
Public | PK - 12
- 0
Diamond Community School
Private | 1 - 12
- 0
Shiloh Christian Academy
Private | PK - 12
- 0
Peculiar Priesthood Academy
Private | PK - 11
- 0
Brevard Christian School
Private | PK - 12
- 0
Our Lady of Lourdes School
Private | PK - 8
- 0
Rfm Christian Academy
Private | 1 - 12
- 10
Westshore Junior/Senior High School
Public | 7 - 12
- 7
Herbert C. Hoover Middle School
Public | 7 - 8
- 4
Stone Middle School
Public | 7 - 8
- 0
Florida Air Academy
Private | 6 - 12
- 7
Melbourne High School
Public | 9 - 12
- 0
Melbourne Central Catholic High School
Private | 9 - 12
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