1363 Cypress Avenue, Melbourne, FL 32935

Property Description

Four-building commercial assemblage totaling 14,675 SF on 0.64 acres. Multi-tenant retail/office under single ownership. Oldest improvement dates to 1957. Priced at $1,750,000. Sixteen units, 13 leased. Roofs replaced 2018 and coated 2024, five HVAC systems replaced in the last four years, new water lines at 1385 in 2026. Fronts Cypress Avenue, one block off the US-1 / Eau Gallie Boulevard intersection. US-1 carries 36,500 AADT north of Eau Gallie Boulevard and 55,500 south toward Sarno Road. Eau Gallie Boulevard is the only bridge crossing to the barrier island in this segment. Melbourne Orlando International Airport is 14 minutes west, I-95 six minutes north, downtown Melbourne nine minutes south. L3Harris and Holmes Regional Medical Center are within four miles. Eau Gallie Activity Center overlay permits elevated floor area ratios and densities. Community Redevelopment Area status. Flood Zone X per FEMA Panel 12009C0519H. No flood insurance required.