About This Property
Description from listing agentCharming circa 1925 commercial bldg@ the Western Gateway to Historic Downtown Melbourne. Zoned C-1, live/work or mixed-use flexibility, this timeless property blends classic architectural character w/modern updates: (3) separate power meters for flexible tenant configurations, New electrical panels (2022), Upgraded upstairs plumbing (2023), Resurfaced parking lot & ramp (2019). Step inside & find beautifully preserved original hardwood floors, a welcoming fireplace, and 2 mini kitchenettes—one per level. The layout supports a wide range of uses, from boutique retail or professional office space to a creative studio or live/work setup. This two-story (no elevator) offers private rear parking, 8 spaces, a rare find in Downtown Melbourne, and a handicap-accessible ramp from the rear lot (easy entry). Lovingly maintained, property preserves the warmth, character, and craftsmanship of the 1920s while offering the efficiency & convenience modern businesses expect. Owner finance potential.
Space Coast Context
🚀 Launch Viewing — Good Views
33.5 mi from SLC-40
33.5 miles from SLC-40 — visible on clear days, especially at night.
Estimates only — verify with Google Maps.
Flood Risk
Outside the Special Flood Hazard Area. Flood insurance is optional but recommended.
Estimated flood insurance: $500 – $1,200 / yr — varies by coverage, elevation & insurer
Source: FEMA National Flood Hazard Layer. Insurance estimates are ranges only — get a quote for accurate pricing.
Offer Intelligence
Price history and market context for this listing.
How we match comps
Comps are pulled directly from the Space Coast MLS — sold sales only, closed within the last 180 days. We apply hyper-local matching criteria in this order:
- ✓Same property type, always (single family, condo, townhouse, etc.)
- ✓Single-story homes compared only to single-story (and multi to multi)
- ✓Exact bedroom count
- ✓Bathrooms within ±0.5
- ✓Garage spaces within ±1
- ✓Pool status must match
- ✓Waterfront status must match
- ✓HOA must match (HOA community vs. no HOA)
- ✓Price within ±5–20% of list price (tightest in early tiers)
- ✓Square footage within ±10–25% (tighter in early tiers)
- ✓Year built always within ±5–20 years (never dropped)
We search in tiers, expanding the radius only as needed — starting in the same subdivision within 1 mile, then 2 miles, then the same neighborhood within 3 miles, and the same zip code within 5 miles as a last resort. For luxury homes ($5M+), where nearby comps are scarce, we widen the search to 5–20 miles. Year built is always required so comps are from the same era of construction. The median is weighted toward nearer sales, and sales within the last 90 days count 2× to reflect current market conditions.
Median estimate is based on similar active listings and homes that have sold within the last 180 days in this area, as reported through Brevard MLS. This is not an appraisal or a Comparative Market Analysis (CMA). Before making an offer, work with a licensed real estate agent to obtain a CMA, or hire a certified real estate appraiser for an independent valuation.
Location
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Financial & Listing Details
Estimated Monthly Payment
- Principal & interest
- $5,242
- Property taxes
- $995
- Insurance
- $150
Based on a 6.90% rate, 30-year loan, and $995K price — down payment shown: $199,000.
This is a quick estimate only — it does not include items like mortgage insurance, closing costs, or rate-lock terms. For an accurate payment based on your credit and finances, get pre-qualified with a certified bank or licensed mortgage brokerage.
