Shovel-Ready Medical Office Land — Melbourne (Viera), FL

Property Description

Rare shovel-ready medical office development site in the heart of the Spyglass Medical District in Viera, FL. Site plan approved for a 23,920 SF, 2-story Class A medical office building (45 ft max height), eliminating 9–18 months of entitlement risk and $150K–$300K in soft costs. BU-1-A zoning permits medical, professional office, retail, and banking uses by right — no conditional use required. All utilities at site: water, sewer, electric, and fiber. Located adjacent to DEUK Spine Institute and Viera Medical Center, anchoring immediate tenant demand. Available for sale at $2,500,000 or ground lease at $250,000/yr NNN (20-year term with four 5-year renewals, 12% annual increases). Demographics: Median HH income $118,904 (43% above county average). Population grew +23.11% from 2020–2025, adding 10,400 new residents. Median age 49.9 drives 2–3x outpatient medical visits per capita. Healthcare is the #1 employer in zip code 32940.

Highlights

• •Shovel-ready: site plan approved for 23,920 SF 2-story medical office — skip 9–18 months of entitlement
• •Saves $150K–$300K in entitlement soft costs vs. raw land
• •BU-1-A zoning: medical, office, retail, and banking permitted by right
• •Ground lease option: $250,000/yr NNN | 20yr + 4×5yr renewals
• •Adjacent to DEUK Spine Institute and Viera Medical Center
• •Demographics: $118,904 median HH income | +23.11% population growth (2020–2025)