Active

1016 Brothers Avenue

Melbourne FL, 32901

$1,500,000


$146.34 per sqft

Active

10,250 sqft

Commercial

Built in 1946

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.

1022921

MLS ID

August 23, 2024

Listed

February 4, 2025

Updated

Map

1016 Brothers Avenue
Melbourne FL, 32901

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.14 Acres


Lot Features

Corner Lot


Sewer

Public Sewer

Other Property Details

Area Name

330 - Melbourne - Central


Taxes

$1,107


Tax Frequency

Annually


Garage

No


Parking

On Street


View

No


County

Brevard


Water Source

Public


Pool

No

Listing History

Date

Event

Price

2/4/2025

Price change

$1,500,000

25%

1/23/2025

Price change

$1,200,000

9%

1/6/2025

Price change

$1,100,000

10%

Courtesy of North America Realty Group, Thomas Owens,
Listing Contact: 321-507-7273 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Carpenter | Kessel Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2025 FL - MLS of South Brevard & the Space Coast Association of REALTORS (SPACE). All rights reserved.

 

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