1016 Brothers AVE Active Save Request In-Person Tour Request Virtual Tour
Melbourne,FL 32901
Key Details
Property Type Commercial
Sub Type Hotel-Motel
Listing Status Active
Purchase Type For Sale
Square Footage 10,250 sqft
Price per Sqft $97
Subdivision Metcalfs Unrecorded Plat Of Balem Allen Tract
MLS Listing ID 1022921
Total Fin. Sqft 10250
Originating Board Space Coast MLS (Space Coast Association of REALTORS®)
Year Built 1946
Annual Tax Amount $1,106
Tax Year 2022
Lot Size 6,098 Sqft
Acres 0.14
Property Description
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.
Location
State FL
County Brevard
Area 330 - Melbourne - Central
Direction Us1 to Prospect to Stone Street.
Interior
Inclusions Building & Land
Exterior
Exterior Feature ExteriorFeatures
Parking Features On Street
Garage No
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 28-37-02-80-00000.0-0023.00
Acceptable Financing Cash,Owner May Carry,Other
Listing Terms Cash,Owner May Carry,Other