514 Loveridge Drive,Melbourne, FL 32935
Melbourne, FL 32935
Description
UPDATED STAND-ALONE COMMERCIAL BUILDING | EAU GALLIE | PROFESSIONAL OFFICE OR INVESTMENT OPPORTUNITY Exceptional opportunity to acquire an updated, stand-alone commercial building in the desirable Eau Gallie area of Melbourne, Florida. Ideally suited for an owner-user, professional practice, or commercial investor, this versatile property offers a functional layout, valuable on-site parking, and convenient access to major transportation corridors. The seller has recently completed numerous property improvements and capital upgrades, enhancing the building's overall functionality, exterior appeal, and long-term utility. The property features eight spacious private offices, a welcoming reception and waiting area, a kitchen, and two restrooms, including an ADA-compliant facility. Additional features include three on-site signage opportunities, nine dedicated parking spaces, & supplemental on-street parking. Recent improvements include an updated HVAC system, a new well pump, metal roof, fencing, irrigation, landscaping, and fresh exterior paint. These enhancements provide an attractive foundation for a variety of professional and commercial uses, subject to applicable zoning and approvals. Ideally positioned approximately 200 feet from US-1, the property offers convenient access to Melbourne Orlando International Airport, Downtown Melbourne, and surrounding business districts. Its accessible location, established professional-office configuration, and recent improvements make it an attractive opportunity for businesses seeking an independent commercial location or investors pursuing a versatile office asset. A compelling opportunity to acquire an improved commercial property in an established Melbourne business corridor, with the flexibility to accommodate a range of professional office & service-oriented uses. The property has undergone extensive updates and renovations, including new electrical wiring throughout with updated switches and outlets, new Cat 6 wiring, and new A/C piping and vents. The interior has been completely remodeled with fresh paint, new flooring, updated bathrooms, and a renovated kitchen. Additional improvements include brand-new high-impact, hurricane-rated windows. An interior and exterior security camera system is also included in the sale.
Details
| MLS # | 1090762 |
|---|---|
| Listing Type | For Sale |
| Style | Office |
| Sub-Type | Resale |
| Status | Active |
| Year | 1952 |
| Days On Site | 13 |
| Listing Provided By | One Sotheby's International | James Edmunds |
Features
| Bath(s) | 2 |
|---|---|
| SQ Feet | 2,038 |
| Story(s) | 1 |
| Zoning | Commercial/Residential/Office |
| Acreage | 0.32 |
Interior
| Cooling | Ceiling Fan(s), Central Air, Electric |
|---|---|
| Cooling Yes / No | Yes |
| Heating | Central, Electric |
| Heating Yes / No | Yes |
Exterior
| Roof | Metal |
|---|---|
| Security Features | 24 Hour Security |
| Lot Features | Cleared |
| Construction Materials | Block, Frame |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | Parking Lot |
Utilities
| Utilities | Cable Connected, Electricity Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
| Electric | 200+ Amp Service |
| Water Source | Public |
Location
| Senior Community Yes / No | No |
|---|---|
| Location Co Location | Airport Access, Central Business District, City |
Taxes
| Tax Annual Amount | 4489.68 |
|---|---|
| Tax Year | 2026 |
| Tax Legal Description | LOVERIDGE HEIGHTS, ADDN 2 AMENDED PLAT OF PART OF LOT 18 BLK 4 AS DESC IN ORB 2925 PG 777 |
Area Information
| State | FL |
|---|---|
| County | Brevard |
| City | Melbourne |
| Zip Code | 32935 |
| Area | Eau Gallie |
| Subarea | Eau Gallie |
| Community Name | Loveridge Heights Addn 2 Amended Plat of |
| Listing VS Median (in Loveridge Heights Addn 2 Amended Plat of) | |
Price: $599,000 low | high Med: $259,000 sqft: 2,038 low | high Med: 1,107 $ / sqft: $294 low | high Med: $234 On site: 13 low | high Med: 149 | |
Market Activity 32935
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Learn More About This Property
| State | FL |
|---|---|
| County | Brevard |
| City | Melbourne |
| Zip Code | 32935 |
| Area | Eau Gallie |
| Subarea | Eau Gallie |
| Community Name | Loveridge Heights Addn 2 Amended Plat of |
| Listing VS Median (in Loveridge Heights Addn 2 Amended Plat of) | |
Price: $599,000 low | high Med: $259,000 sqft: 2,038 low | high Med: 1,107 $ / sqft: $294 low | high Med: $234 On site: 13 low | high Med: 149 | |
