This .42-acre parcel in Historic Downtown Melbourne offers a unique redevelopment opportunity in a rapidly growing district. Zoned C3, the site is ideal for a transformative project. A strategic assemblage with adjacent city-owned parcels could expand the property to 1.01 acres with a potential density of 100 units per acre. The proposed development is a seven-story mixed-use building featuring 90 residential units, including 47 one-bedroom and 43 two-bedroom apartments, alongside 6,000 square feet of ground-floor commercial space. The total construction area spans 252,890 square feet with parking for 147 vehicles. The project includes interior and exterior residential amenities to enhance urban living. This assemblage with the City of Melbourne creates a cohesive development opportunity that could significantly reshape the downtown skyline, making it one of the most impactful projects in the area.

Listing courtesy of Reach Commercial Real Estate

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