107 Silver Palm Ave
Land | 1.25 acres
Marketing description
This premium 1.25-acre parcel in Melbourne, Florida, offers a rare, high-value opportunity in one of Central Florida’s fastest-growing hubs. Positioned in an excellent neighborhood near major medical complexes, hospitals, and key transit corridors, the site features versatile zoning that accommodates both healthcare and residential development. For developers looking to move quickly, site plan approval for 72 apartments is in place. Whether you capitalize on the existing residential approvals or leverage the location for a medical office, outpatient center, or specialty clinic, this shovel-ready site delivers the ideal foundation for high-yield returns.
Investment highlights
Flexible Commercial & Multifamily Zoning: Highly versatile zoning allows for broad commercial use or immediate residential development.
Shovel-Ready Multifamily Approval: Active site plan approval in place for a 72-unit workforce housing apartment complex.
Proximity to Major Medical Facilities: Strategically positioned near leading healthcare hubs, including Health First’s Holmes Regional Medical Center and Melbourne Regional Medical Center.
Unmatched Connectivity: Highly accessible location with excellent, direct access to US-1, I-95, and major east-west corridors.
Strong Talent & Tenant Pull: Situated in a desirable coastal community with a high quality of life, making it easy to attract top professional talent and maintain high occupancy.
Pro-Business Municipality: Located within a supportive, growth-oriented city environment that streamlines business and development operations.
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