Cypress Avenue

Investment Overview

1363, 1367, 1385 & 1395 Cypress Avenue | Eau Gallie Arts District | Melbourne, FL Four-building commercial assemblage totaling 14,675 SF on 0.64 acres. The multi-tenant retail/office portfolio is offered under single ownership. Improvements date to 1957. Priced at $1,750,000. Sixteen units, 13 leased. Roofs were replaced in 2018 and coated in 2024. Five HVAC systems have been replaced in the last four years, and 1385 received new water lines in 2026. The property fronts Cypress Avenue, one block off the US-1 / Eau Gallie Boulevard intersection. US-1 carries 36,500 AADT north of Eau Gallie Boulevard and 55,500 AADT south toward Sarno Road. Eau Gallie Boulevard provides the only bridge crossing to the barrier island in this segment. Melbourne Orlando International Airport is 14 minutes west, I-95 is six minutes north, and downtown Melbourne is nine minutes south. L3Harris Technologies and Holmes Regional Medical Center are within a four-mile radius. The site lies within the Eau Gallie Activity Center overlay, which permits elevated floor area ratios and residential densities. The district benefits from Community Redevelopment Area status and ongoing public streetscape investments, supporting both stabilized income operations and ground-up redevelopment. The property is located in Flood Zone X per FEMA Panel 12009C0519H. No flood insurance is required. Offered at $1,750,000 for the entire assemblage. Rent roll, operating financials, and site plan available to qualified principals upon execution of a confidentiality agreement.