7,405 Sqft Lot
7,405 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Metcalfs Unrec Sub
MLS Listing ID S5129436
HOA Y/N No
Annual Tax Amount $4,158
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 35x153
Property Sub-Type Commercial
Source Stellar MLS
Property Description
This is not just another listing — this is a rare, fully-approved, shovel-ready multifamily development in the very heart of booming Downtown Melbourne. Opportunities like this simply do not come to market often, and when they do, they move fast.
The property comes with full city approvals already in place and demolition scheduled to begin in the coming days of August 2025. The sale includes a prime lot along with a 1-year valid construction permit for a modern 10-unit apartment building featuring:
- 8 spacious units of 2 bedrooms / 2 bathrooms
- 2 units of 1 bedroom / 1 bathroom
- 14 dedicated parking spaces
- An elevator for tenant convenience
- Contemporary architectural design and professional landscaping
This is a true turnkey project — shovel-ready, with approvals completed, permits secured, and the hard part already taken care of. Avoid the long, uncertain, and costly approval process that can drag on for months (if not years). Here, you can break ground immediately and start building wealth right away.
The financials are equally compelling. With projected gross annual rental income exceeding $250,000, and Melbourne's downtown rental demand continuing to surge, the numbers speak for themselves. Strong population growth, a thriving job market, and the increasing desirability of Melbourne as a lifestyle destination ensure consistent demand and above-market occupancy rates. Investors here can expect not just cash flow, but long-term appreciation in one of Florida's most dynamic growth markets.
What sets this opportunity apart is that we, as the builder, are already handling the permitting process. That means you are not just buying land and plans — you are buying into a project that is ready to go. And for those investors who want a completely hands-off, hassle-free experience, we proudly provide a true turnkey delivery option. From permits to construction to the final finished product, we manage the entire build for you. At closing, you can choose whether you want to take over the project directly, or simply let us deliver a completed, income-producing asset into your portfolio — a true key-in-hand investment.
Whether you are a local builder searching for a permitted site to bring your own team onto, or an out-of-state or international investor looking for a passive, high-return opportunity, this project checks every box. Premium location. Fully approved plans. High rental income potential. Immediate readiness to build. And the option of professional, turnkey delivery by an experienced builder already on the ground.
Time is of the essence. Downtown Melbourne is exploding with growth, and prime multifamily development sites are becoming nearly impossible to secure. This property comes with every advantage you could ask for: approved permits, demolition already scheduled, and a design that matches the demand of today's rental market.
This is more than a piece of land. It is a ready-to-build, revenue-generating machine, just waiting for the right investor to seize the moment.
All approved plans, permits, and documentation will transfer to the buyer at closing — no delays, no waiting, no red tape. Just a smooth transaction leading directly into construction and future profits.
Act now. Ready to build. Ready to profit. Ready to deliver a complete project with our turnkey option. Opportunities like this don't wait — and neither should you. Docs on request
Location
State FL
County Brevard
Community Metcalfs Unrec Sub
Area 32901 - Melbourne
Zoning MIXED USE
Exterior
Community Features Street Lights
Utilities Available Electricity Available, Public, Sewer Available, Underground Utilities, Water Available
Building
Lot Description Buildable
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Schools
Elementary Schools Cape View Elementary School
Middle Schools John F. Kennedy Middle School
High Schools Cocoa Beach Junior/Senior High School
Others
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, USDA Loan, VA Loan
Listing Terms Cash, Conventional, FHA, USDA Loan, VA Loan
Special Listing Condition None
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