Listed by Marcus & Millichap - Orlando
$3,462,500
Space Coast Commercial Development Site | 5.5 Acres
Details
APN 26-37-32-00-289, 26-37-32-00-288
Property Type Land
Sub Type Commercial
Tenancy Vacant
Price Per Acre $625,000
Acreage 5.540
Zoning Commercial
Investment Type Redevelopment
Prime Commercial Development Land | Adjacent to New Townhome Development Site
Marketing description
Space Coast Commercial Land at 4490 N US Highway 1, Melbourne, FL 32935 presents a rare opportunity to acquire 5.54 acres of prime commercial development land along one of the Space Coast’s most traveled corridors. With direct frontage on US Highway 1 and traffic counts exceeding 43,500 vehicles per day, this site offers exceptional visibility and access for a wide range of commercial uses.
Positioned less than 1.5 miles from SR 404/Pineda Causeway, the property provides convenient connectivity to I-95 and the beaches. Flexible commercial zoning supports multiple development possibilities, while the surrounding area continues to grow with dense residential communities and a proposed adjacent townhome development planned for 153 units across 32 buildings.
The location is further strengthened by affluent demographics, including more than 115,000 residents within five miles and an average household income of approximately $118,000. Surrounded by established neighborhoods, major retail, and the economic momentum of Brevard County’s thriving Space Coast, this site is ideally suited for investors and developers seeking a high-exposure land position in one of Central Florida’s fastest-growing coastal markets.
Investment highlights
- Prime 5.54 AC Development Site | Direct Frontage on Highway 1 (43,500+ Vehicles Daily)
- Adjacent Land Slated for New Townhome Development by Live Stellar Communities – Initial Plans Call for 153 Units Across 32 Buildings (See Page 5 for Proposed Site Plan)
- Less than 1.5 Miles from Florida S.R. 404 (Pineda Causeway) which Provides Direct Access to the Beach and I-95
- Flexible Commercial Zoning Allowing Many Different Types of Development
- Immediately Surrounded by Dense Residential
- Attractive 5-Mile Demographics: 115,000 Population & $118,000 Average HH Income
Listing Contacts
Listed by Marcus & Millichap - Orlando
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Zoning
CP CommercialSpecial CommercialCommercial Parkway
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View all 20 uses Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics
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