Torrence Lane, Melbourne, FL 32935

$495,000

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List Price
$495,000
Price Change
▼ $130,000 1784827011
MLS#
1083000
Status
ACTIVE
Type
Land
County
Brevard
City
Melbourne
Area
Eau Gallie
Subdivision
Melbogallie Subd
Acres
0.55
Days on Market
6

Property Description

Exceptional shovel-ready development opportunity in one of Melbourne's fastest-growing corridors! This fully entitled site is approved for eight townhomes, with the City of Melbourne site plan already fully approved--eliminating the time, expense, and uncertainty of the entitlement process. The cleared and graded property offers approximately 14,400 square feet of buildable area and is ready for horizontal construction, allowing developers to skip an estimated 12-18 months of approvals. Utilities, including water, sewer, and electric, are available at the property line, and the site fronts an improved, established roadway. Plans are designed for eight spacious 3-bedroom, 2.5-bath townhomes of approximately 1,800 square feet each. Located near Florida's thriving Space Coast with strong demand for new construction, this turnkey opportunity is ideal for builders, investors, or developers. Seller will consider an outright sale, joint venture, or build-to-suit arrangement.

Additional Information

Tax Year
2025
Tax Amount
$2,126
Location Description
Other
Utilities
Other
Elementary School
Harbor City
Middle School
Hoover
High School
Melbourne

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Calculator source: Real Geeks

Listing courtesy of Golden Group Realty LLC.