4399 US-1, Melbourne, FL 32935 For Sale

This 4.18 AC property is permitted for a 96 slip marina (50 wet slips and 46 dry slips) with a private boat ramp. The marina basin consists of 1.92 acres (fee simple) with 2.26 acres of upland. There is a 2,263 SF retail office and service shop with a fenced in yard located on the commercial parcel. This was once a thriving boat dealership operation with 490' of US HWY 1 frontage, and access to a private marina. US Army Corp permits include 50 wet slips and 46 dry slips with docks and piers installed inside of a 1.92 acres manmade basin. The basin is is protected by a 146' concrete breakwater. A private boat ramp is permitted along with 900 linear feet of concrete seawall and maintenance dredging approval to -5'. The adjoining parcel has an existing 2,307 SF 4 bedroom/3bath single family home that overlooks the picturesque Indian River Lagoon. Waterfront homes with wide open river views and access to the water are selling from $630K - $1.45M. This would make a nice rental property or VRBO.