Melbourne, FL 32901,1016 Brothers AVE
Melbourne, FL 32901,1016 Brothers AVE
Melbourne, FL 32901,1016 Brothers AVE
Melbourne, FL 32901,1016 Brothers AVE
Melbourne, FL 32901,1016 Brothers AVE
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$ 1,000,000
Est. payment | /mo

10,250 SqFt


$ 1,000,000
Est. payment | /mo

10,250 SqFt

Key Details

Property Type Commercial

Sub Type Hotel-Motel

Listing Status Active

Purchase Type For Sale

Square Footage 10,250 sqft

Price per Sqft $97

Subdivision Metcalfs Unrecorded Plat Of Balem Allen Tract

MLS Listing ID 1022921

Total Fin. Sqft 10250

Originating Board Space Coast MLS (Space Coast Association of REALTORS®)

Year Built 1946

Annual Tax Amount $1,106

Tax Year 2022

Lot Size 6,098 Sqft

Acres 0.14

Property Description

Presenting an extraordinary opportunity to own a piece of Historic Downtown Melbourne, this two-story building, spanning over 10,000 square feet, originally served as a hotel with 17 rooms upstairs and a bar downstairs. While the property requires a complete makeover, it offers incredible potential for restoration or redevelopment.

Located within a sought-after Opportunity Zone, this property provides attractive tax incentives for investors, alongside funding opportunities available through the City of Melbourne for business owners committed to revitalizing the area.

This historic building offers an exceptional canvas for visionaries looking to transform a unique property while taking advantage of the benefits associated with the downtown's growth and development.

Location

State FL

County Brevard

Area 330 - Melbourne - Central

Direction Us1 to Prospect to Stone Street.

Interior

Inclusions Building & Land

Exterior

Exterior Feature ExteriorFeatures

Parking Features On Street

Garage No

Building

Lot Description Corner Lot

Sewer Public Sewer

Water Public

Others

Senior Community No

Tax ID 28-37-02-80-00000.0-0023.00

Acceptable Financing Cash, Owner May Carry, Other

Listing Terms Cash, Owner May Carry, Other

Space Coast Association of Realtors (Brevard MLS)
Listed by North America Realty Group
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1400 International Pkwy, Mary, FL, 32746

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1016 Brothers AVE