ARE YOU READY TO BUILD? Approved in hand for 4 townhouses but could be 6! Prime riverfront commercial property in the heart of historic downtown Melbourne. The historic structure boasts a new metal roof and recent upgrades that made the structure stronger to be able to build a restaurant/bar on multiple levels with an incredible view. Featuring approximately 165 feet of water frontage, it offers stunning views of the river, causeway, and barrier island. With flexible C-1 zoning, mixed residential/commercial, the property is ideal for various uses, including the potential for a 50-unit condominium, office spaces, retail, restaurant and more. Don't miss this unique opportunity--call today!