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For Sale

Cypress Avenue

1363 Cypress Ave,
Melbourne, FL 32935

Asset Snapshot

1960
Year Built
1960
Year Renovated
1
Floor Count
1
Building Count

Offering Summary

Investment Overview

1363, 1367, 1385 & 1395 Cypress Avenue | Eau Gallie Arts District | Melbourne, FL Four-building commercial assemblage totaling 13,675 SF on 0.64 acres. The multi-tenant retail/office portfolio is offered under single ownership. Improvements date to 1957. Priced at $1,900,000. The property occupies the full block immediately west of the US-1 / Eau Gallie Boulevard intersection. US-1 frontage carries 36,500 AADT, increasing to 55,500 AADT north at 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 $1,900,000 for the entire assemblage. Rent roll, operating financials, and site plan available to qualified principals upon execution of a confidentiality agreement.


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Listing Syndicated From

Buildout
For Sale
$1,750,000
Asking Price