808 E Strawbridge Ave, Melbourne, FL, 32901

Description

808 / 812 E Strawbridge Ave, Melbourne, FL

This .42-acre parcel, located in the heart of Historic Downtown Melbourne, presents a rare opportunity for redevelopment in a district experiencing remarkable growth and revitalization. Currently zoned C3, this site is ripe for a transformative project that could redefine the downtown skyline. With a strategic assemblage plan in collaboration with the City of Melbourne, which owns the adjacent parcels, this site could expand to a full acre with a potential density of 100 units per acre, making it one of the most significant redevelopment opportunities in the area.

* Site Size: 1.01 Acres
* Density: 100 UPA
* Proposed Building Footprint: 37,430 SF
* Total Construction Area: 252,890 SF
* Parking Capacity: 147 spaces
* Residential Units (5 Stories): 140,600 SF
* Building Footprint: 35,150 SF
* Total Units: 90
* 1 Bedroom Units: 47
* 2 Bedroom Units: 43
* 3 Bedroom Units: 0
* Interior Amenities: 7,259 SF
* Exterior Amenities: 3,050 SF
* Commercial Space (Ground Floor): 6,000 SF
* Building Footprint: 37,430 SF

Project Description
The proposed development is a seven-story mixed-use building designed to integrate seamlessly with the character and charm of Historic Downtown Melbourne. The ground floor will feature 6,000 square feet of commercial space fronting Strawbridge Avenue, providing an ideal setting for retail, dining, or office spaces. This level also includes parking access from Palmetto Avenue and a welcoming lobby for the residential units positioned at the corner of Strawbridge Avenue and Waverly Place.

The upper floors are thoughtfully designed to maximize residential living while offering additional parking and extensive amenity spaces. The second and third floors will accommodate parking facilities, supporting systems, and some residential amenities. The fourth floor will host the bulk of the residential amenities, both interior and exterior, providing residents with spaces to relax, socialize, and enjoy the vibrant downtown atmosphere.

The fifth through seventh floors are dedicated entirely to residential units, comprising a mix of 1 and 2-bedroom apartments, tailored to meet the needs of modern urban living.

With the possibility of increased density through height and other variances, this project is adaptable and could accommodate moderate-income family residences, adding to the diversity and vitality of the community.

Proposed Development Site

The site consists of a strategic three-lot assemblage:
* Lot #1: Site listed For Sale - .42 acres
* Lot #2: Currently owned by the City of Melbourne - .25 acres (Block 31, Lots 13 & 16)
* Lot #3: Currently owned by the City of Melbourne - .34 acres (Block 31, Lot 15 & balance of Lot 14)

This assemblage creates a cohesive development opportunity that can capitalize on the synergy of the adjacent city-owned properties, enabling the realization of a unified, impactful project.

Location and Market Overview

Nestled within the thriving Historic Downtown Melbourne, this site benefits from its proximity to a wide range of amenities and economic drivers. Within a one-mile radius, there are 288 diverse businesses, drawing customers from across Brevard County, which boasts a population of 169,000 and an average household income of $85,883—projected to reach $99,247 by 2028.

The nearby Florida Institute of Technology, with its 6,500 students, alongside over 200 tech and aviation firms, contributes to the region’s robust economic growth. Melbourne International Airport, with over $1MM travelers, 300,000 of which are European travelers, and nearby attractions such as Disney World, other popular theme parks, and the Kennedy Space Center, all just 45 minutes away, further enhance the area's appeal, ensuring a steady influx of visitors and potential customers.

Downtown Melbourne is not just a business district; it is a cultural hub, celebrated for its vibrant arts scene, diverse dining options, boutique shopping, and dynamic entertainment venues. This proposed development is ideally situated to join and enhance this eclectic mix, offering a unique opportunity to contribute to and benefit from the area's ongoing revitalization.