Cypress Avenue
Retail | 13,675 SqFt
Marketing description
Four-building commercial assemblage totaling 13,675 SF on 0.64 acres. The multi-tenant retail/office portfolio is offered under single ownership. Improvements date to 1957. Priced at $1,900,000.
The property occupies the full block immediately west of the US-1 / Eau Gallie Boulevard intersection. US-1 frontage carries 36,500 AADT, increasing to 55,500 AADT north at Sarno Road. Eau Gallie Boulevard provides the only bridge crossing to the barrier island in this segment. Melbourne Orlando International Airport is 14 minutes west, I-95 is six minutes north, and downtown Melbourne is nine minutes south. L3Harris Technologies and Holmes Regional Medical Center are within a four-mile radius.
The site lies within the Eau Gallie Activity Center overlay, which permits elevated floor area ratios and residential densities. The district benefits from Community Redevelopment Area status and ongoing public streetscape investments, supporting both stabilized income operations and ground-up redevelopment.
The property is located in Flood Zone X per FEMA Panel 12009C0519H. No flood insurance is required.
Investment highlights
- Four buildings, side by side, in the heart of the Eau Gallie Arts District. One block off US-1 and Eau Gallie Boulevard, the busiest stretch in the area.
- The cars are already there. 36,500 a day on US-1, 55,500 up toward Sarno. Eau Gallie Boulevard is the only bridge to Indian Harbour Beach in this stretch, so every commuter and beachgoer crosses right in front of you.
- It's a district people want to be in. Galleries, restaurants, a walkable core two minutes out, and a city putting real money into the streetscape. Airport's 14 minutes, I-95 six, downtown nine. L3Harris and Holmes Regional both inside four miles.
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