$110,000
Melbourne, FL 32935
MLS# 1076384
1 / 4
Property Description
Commercially zoned vacant lot on high-traffic Aurora Rd in Melbourne, FL, presenting an attractive passive income opportunity for savvy investors. Currently leased to Clear Channel Advertising for a roadside billboard, this low-maintenance asset delivers steady $500/month income with minimal management required. With lease renewal scheduled for 2028, investors also benefit from potential future income growth, adding upside to an already stable cash-flowing property. A turnkey commercial investment offering reliable returns today with the possibility for increased revenue tomorrow.
Details
Maps
Contract Information
Start Showing Date: 2026-05-04
Current Price: $110,000
Original List Price: 110000
List Price: $110,000
Status: Active
Listing Contract Date: 2026-05-03
Property Sub Type: Unimproved Land
Location, Tax, and Legal
Tax Account: 2719588
General County Location: South
Elementary School: Sabal
Middle School: Johnson
Tax Annual Amount: 0
Tax Year: 2026
Directions: Wickham Rd. turn East on Aurora Rd. Property is on the Right
General Property Information
Lot Size Acres: 0.3
CDD Fee YN: No
List Price/Acre: 366666.67
Remarks and Miscellaneous
Public Remarks: Commercially zoned vacant lot on high-traffic Aurora Rd in Melbourne, FL, presenting an attractive passive income opportunity for savvy investors. Currently leased to Clear Channel Advertising for a roadside billboard, this low-maintenance asset delivers steady $500/month income with minimal management required. With lease renewal scheduled for 2028, investors also benefit from potential future income growth, adding upside to an already stable cash-flowing property. A turnkey commercial investment offering reliable returns today with the possibility for increased revenue tomorrow.
Closing Company Details
Closing Company Name: Spira Law
Current Use
Commercial: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Other: 1
Other Structures
Other: 1
Possession
Close Of Escrow: 1
Road Frontage Type
City Street: 1
Road Surface Type
Asphalt: 1
Sewer
Unknown: 1
Special Listing Conditions
Standard: 1
Utilities
Electricity Connected: 1
Water Source
None: 1
Development Status
Other: 1
Location Tax and Legal
Street Number: Unknown
Street Name: Aurora
County: Brevard
State: FL
Postal Code: 32935
MLS Area Major: 330 - Melbourne - Central
Subdivision Name: Vickers Subd No 3
Status Change Information
Major Change Timestamp: 2026-05-05T07:15:26Z
Major Change Type: New Listing
Status Change Timestamp: 2026-05-05
Property Features
Current Use: Commercial
Development Status: Other
Listing Terms: Cash; Conventional
Lot Features: Other
Other Structures: Other
Possession: Close Of Escrow
Road Frontage Type: City Street
Road Surface Type: Asphalt
Sewer: Unknown
Special Listing Conditions: Standard
Utilities: Electricity Connected
Water Source: None
Listing Office: Keller Williams Realty Brevard
Last Updated: May - 05 - 2026
Information is deemed to be reliable, but is not guaranteed.