1322 Oak Street, Melbourne, FL 32901

• 2 baths |
• 5,298 sqft

Property Description

Excellent investment opportunity combining immediate income with significant redevelopment potential. This 0.57-acre property features two durable, concrete block office buildings in a strategic Melbourne location. The larger building, approximately 3,900 sq. ft., is perfect for an owner-user or can be leased for additional income. The second building, approximately 1,300 sq. ft., is currently tenant-occupied, providing a steady income stream from day one. Adding to its value, the smaller building features a new roof installed in 2024, minimizing near-term capital expenditures for the new owner. Beyond the stability of the current setup, the property's immense upside is its highly sought-after R-P zoning. This flexible designation offers a clear path for future development. This is a unique chance for an investor to acquire a cash-flowing asset while planning a long-term strategy, or for an owner-user to occupy the larger space while benefiting from rental income.

Listing Status:

Active

Date Added:

October 24, 2025 at 05:00AM

Listing Office:

Waterman Real Estate Inc. : 321-244-7653

Listing Agent:

Esteban Jose Romero : 321-290-9093

MLS ID:

1060409

Exterior

• Parking: Other

Construction

• General: Concrete

Location

• Originating MLS: Space Coast MLS (Space Coast Association of REALTORS®)
• County: Brevard

Lot

• Zoning: 27-37-34-51-00000.0-0354.00

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: Space Coast MLS (Space Coast Association of REALTORS®)

This listing courtesy of Esteban Jose Romero, Waterman Real Estate Inc.