1052 Cypress Ave - Apartments FOR SALE
Melbourne, FL 32935 |
561-866-9616
1052 Cypress Ave
Melbourne, FL 32935
HIGHLIGHTS
- Highest and best use for this former office is redevelopment into Avery Eau Gallie, a state-of-the-art 327-unit multifamily development.
- Highly coveted site in the Eau Gallie Arts District in Downtown Melbourne, just an eight-minute drive from the beach with speedy I-95 access.
- High-end amenities such as a tropical pool with a large deck, fitness center, business center, and resident lounge/clubroom are included in the plans.
- There are also plans for approximately 18,000-square-feet of commercial space that will comprise a restaurant and other service retailers.
- Eau Gallie Arts District is a vibrant community with a mix of eclectic art galleries, restaurants, shops, and night life.
- Melbourne is seeing exponential growth with impressive consumer spending in a 2-mile radius ringing in at over $248 million annually.
FOR SALE DETAILS
PRICE
Request Info for Price
# OF UNITS
-
CAP RATE
Request Cap Rate
% LEASED
-
STATUS
Proposed
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Existing Office with Redevelopment Plans
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
7
YEAR BUILT
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
3.3 AC
LAND SF
143,748 SF
ZONING
-
APN/PARCEL ID
27-37-21-25-0000B.0-0000.00
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561-866-9616
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