Eau Gallie Development Site
3.18 Acres | 37438 SF | Largest Parcel in Eau Gallie Arts District
Marketing description
Prime ±3.2-acre redevelopment opportunity in the heart of the Eau Gallie Arts District. Formerly occupied by Bank of America, the property represents the largest parcel in the district and offers exceptional potential for grocery-anchored retail, mixed-use, multifamily, hospitality, medical, or adaptive re-use development. The site previously advanced through entitlement for a 326-unit mixed-use project featuring approximately 18,000 SF of ground-floor retail and structured parking, providing significant embedded planning value. Positioned directly on Eau Gallie Causeway with strong visibility, access, and connectivity to both mainland Melbourne and the beaches, this is one of the few remaining large-scale urban infill opportunities within the Melbourne MSA.
Investment highlights
- Largest redevelopment parcel within the Eau Gallie Arts District
- ±3.2-acre infill site with frontage on Eau Gallie Causeway
- Former Bank of America campus with adaptive re-use potential
- Previously entitled for 326 multifamily units + 18,000 SF retail
- Ideal for grocery-anchored retail or mixed-use redevelopment
- Strong visibility, access, and traffic counts in a rapidly growing corridor
- Dense surrounding residential base with limited competing infill sites
- Existing improvements allow for phased redevelopment or interim use
- Minutes from Melbourne Beach and downtown Melbourne
- Rare large-scale urban infill opportunity in the Melbourne MSA
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