2583 Victoria Drive Palm Bay FL 32905

Overview of 2583 Victoria Drive Ne, Palm Bay, Fl 32905

Incredible live-work opportunity priced $135,000 below a recent $310,000 appraisal. This unique property includes three concrete block buildings that create endless flexibility for combining business and lifestyle. The main structure features three offices or bedrooms, a den, a full kitchen with full-size refrigerator & stove, laundry area, closets, upgraded electrical panel, water heater, & a beautifully renovated bathroom — allowing it to function as both professional space & a private residence. The second building, on a separate meter, offers 720 sq ft with an office, bath, & upgraded electrical, ideal for a second business, studio, or rental. A third detached building adds potential for storage, workshop, or expansion. Fully fenced, gated, & secured, the property features a large concrete parking pad with over 10 spaces. Zoned hc with public utilities, this site supports nearly any business use just two blocks from the indian river & minutes to downtown melbourne. This property represents one of the most unique live-work opportunities on florida's space coast, a rare chance to own a commercial and residential hybrid asset that adapts to virtually any vision. Set just off us-1 and positioned two blocks from the indian river and five minutes from the atlantic ocean, this property is more than just real estate. It is a launchpad for growth, income generation, business operations, and lifestyle balance. The site's combination of structural quality, strong infrastructure, flexible layout, and highly permissive zoning gives future owners the ability to operate a business, live on-site, generate passive income, or do all three simultaneously. what truly sets this property apart is its multi-structure design. Most parcels in the area offer a single building and limited possibilities. Here, three distinct buildings work together to create endless options. You might run a professional practice from one structure while living in another, rent one unit to a tenant, and use the third as a warehouse or creative studio. Because one building operates on a separate meter, it can function entirely independently, ideal for rental income, a detached guest residence, or a separate business operation. This setup creates built-in flexibility for an owner-occupant or a portfolio investor seeking multiple revenue streams without the complexity of owning multiple sites. the live-work potential is unmatched. The main structure already includes a full kitchen, bathroom, laundry area, and ample living space, making it perfectly suited for on-site living or a seamless blend of home and office. Entrepreneurs, small-business owners, and creative professionals can cut overhead costs by eliminating separate commercial and residential leases while enjoying the convenience of managing work and life from one property. A contractor could operate a business from one building, live in the main residence, and lease the remaining space for extra income. A therapist, designer, or attorney could welcome clients in a dedicated office while maintaining private living quarters steps away. This property is ideal for anyone looking to streamline operations and build equity in the same place they live and work. beyond its live-work appeal, the property's layout is designed for practical functionality. A large concrete parking pad provides space for more than ten vehicles, accommodating customers, staff, or fleet operations. The site is fully fenced, gated, and secure, making it ideal for uses that require equipment storage, commercial vehicles, or outdoor staging areas. Landscapers, contractors, and logistics companies will appreciate the ability to operate securely on-site without the cost of off-site storage. And because utilities are already public and infrastructure is in place, future modifications, expansions, or upgrades can be implemented with minimal friction. the zoning, hc (highway commercial), is one of the most versatile in brevard county and dramatically expands what can be done here. Traditional commercial users such as restaurants, retail stores, and medical clinics can operate alongside vehicle sales lots, contractor yards, financial offices, or entertainment venues. The zoning also allows for mixed-use and live-work applications, creating a rare combination of residential comfort and commercial utility. This flexibility ensures that the property can evolve as your needs or the market change, whether that means adding another income stream, pivoting to a new business model, or repositioning the site entirely. the location is equally powerful. With downtown melbourne less than five minutes away and melbourne-orlando international airport nearby, the property provides outstanding accessibility for clients, employees, and business operations. Major employers such as l3harris, northrop grumman, embraer, raytheon, and health first are within minutes, fueling a robust local economy and supporting demand for services. Us-1 carries more than 33,000 vehicles per day, giving any business operating here excellent exposure and signage opportunities. And with the indian river only two blocks away and the atlantic ocean five minutes from the property, the setting delivers a lifestyle and scenic value that few commercial sites can match. this combination of location and amenities enhances the property's appeal far beyond its core commercial function. Riverfront dining, boutique shopping, art galleries, and live entertainment are all nearby. Parks, trails, and recreational spaces surround the area. The proximity to healthcare, schools, and essential services adds everyday convenience, while the nearby beaches provide a quality-of-life element that sets this property apart from more traditional commercial offerings. These factors make it especially attractive for owner-occupants seeking a balance of work and lifestyle or for tenants who prioritize location and convenience. the property's three-building configuration creates opportunities beyond traditional investment models. Owners could lease all three structures individually to maximize cash flow or occupy one while generating passive income from the others. Businesses could scale in place, starting with one building and expanding into the others as operations grow. Developers could explore accessory dwelling units, short-term rental conversions (subject to local ordinances), or additional structures to increase revenue potential. Because of its flexible zoning, secure site, and existing infrastructure, the property is well positioned for long-term appreciation and future redevelopment. in an era when live-work spaces are in high demand, properties like this are exceedingly rare. The combination of residential comfort and commercial functionality eliminates the need to compromise between lifestyle and business priorities. Whether you are an entrepreneur looking to build equity while operating your company, an investor seeking a property with diversified income streams, or a business owner ready to expand without taking on multiple leases, this site offers a solution that is both practical and forward-looking. the value proposition is clear. With three distinct buildings, independent utility service, a secure lot with ample parking, and one of the most flexible zoning designations available, this property provides unmatched versatility. Its strategic location near major employers, infrastructure, beaches, and recreational amenities adds a layer of desirability that ensures long-term demand and appreciation. Few opportunities in brevard county offer this blend of location, adaptability, and potential. in short, this property is far more than just square footage; it is a complete live-work ecosystem. It offers the freedom to live where you work, work where you live, and generate income from the same site. It can serve as an entrepreneurial headquarters, an investment vehicle, a creative campus, or a multi-tenant revenue generator. With its unique blend of location, layout, and zoning flexibility, it represents a rare opportunity to secure a foothold in one of florida's fastest-growing markets while building income, equity, and lifestyle value on your terms.

This lovely single family home was built in 1947 and features 3 bedrooms, and 1 full bathrooms plus 1 half bath. This home for sale is 2,188 square feet, with 2,188 sq ft being air conditioned living space. The home has a 1 car garage and does not have a private swimming pool.

Directions to this property are as follows: Conveniently Located Just Minutes From Downtown Melbourne, This Property Is Easy To Reach Via U.s. Highway 1. From The Heart Of Downtown, Travel South On Us-1 Into Palm Bay, Then Turn West Onto Victoria Drive Ne. Continue Along Victoria Drive Ne Until You Arrive At 2583 Victoria Drive Ne, Palm Bay, Fl 32905. Second Property On The Right.

Please contact your ZFC agent for more information about MLS# 1058059 or any other homes for sale in Palm Bay or elsewhere in the Brevard County area.