1016 Brothers AveMelbourne, FL 32901

This exceptional property at 1016 Brothers Avenue in Historic Downtown Melbourne, Florida, presents a unique investment opportunity. The two-story building, constructed in 1946, sits on a 6,098.4 square foot lot and boasts a total area exceeding 10,000 square feet. Originally operating as a hotel with 17 upstairs rooms and a ground floor bar, the building is currently in need of complete renovation. However, this presents a blank canvas for creative redevelopment, offering significant potential for a variety of uses. The property's location within a designated Opportunity Zone provides attractive tax incentives for investors, further enhancing its appeal. Additionally, the City of Melbourne offers funding opportunities for business owners dedicated to revitalizing the downtown area, making this a compelling proposition for those seeking both financial advantages and the chance to contribute to the city's ongoing growth. The asking price for this prime piece of Melbourne real estate is $1,000,000. This is a rare chance to acquire a substantial property in a vibrant, up-and-coming area with significant potential for return on investment. The property's rich history and prime location combine to create an unparalleled opportunity for the right buyer. Don't miss this chance to shape the future of Historic Downtown Melbourne.