Ocean-Side Value-Add Opportunity
High-Visibility Location Adjacent to U.S. Route 1
Investment highlights
Dual Street Frontage: True Corner Lot: 144 FT on E Hibiscus Blvd and 111 FT on Morningside Dr. Dual access points from two streets. The corner geometry that franchise site selectors require for drive-through automotive service operations.
Priced at Land Value: $32/SF: At $760,000 on 0.54 acres, the site is priced well below purpose-built automotive pads in the Melbourne submarket.
M1 Zoning: Automotive Uses Permitted by Right: M1 zoning permits automotive service, vehicle repair, quick lube, car wash, and light industrial uses.
High-Visibility Location Adjacent to U.S. Route 1: U.S. Route 1 carries 38,500 VPD immediately adjacent to the site. E Hibiscus Blvd carries 12,600 VPD at the corner.
Proven Automotive Market: No direct quick lube operator exists on this specific corridor today.
Dual Development Path: Adaptive Reuse or Ground-Up: The existing masonry structure offers potential for adaptive reuse conversion with interior demolition, bay door cuts, and above-ground lift installation or a a full demo and purpose-built ground-up facility.
Growing Space Coast Market: 3-mile population of 46,000 growing at 2.1% annually. Median household income of $74,563. Aerospace workforce anchored by L3Harris, Northrop Grumman, Collins Aerospace, and Embraer — high-income, vehicle-dependent households.
Recent Capital Improvements Reduce Carry Cost: Roof (6 years old), HVAC (5 years old), and exterior stucco recently updated. Minimal carrying costs while the buyer completes planning and entitlements.
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