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5475 Lorkey Ln 6,664 SF Retail Building Melbourne, FL 32940 $5,444,088 CAD ($816.94 CAD/SF)
INVESTMENT HIGHLIGHTS
- Newly constructed in 2023 – turnkey, modern two-story facility built for hospitality/retail
- Purpose-built wine bar and restaurant with unique self-pour wine dispensing system and full commercial kitchen
- Strong demographics and market fundamentals driven by aerospace, tech, and tourism growth
- 6,664 SF building on 1.32-acre site with 54 private parking spaces + 10 golf cart spaces
- Located in Borrows West, Viera – one of the fastest-growing master-planned communities on Florida’s Space Coast
- Confidential offering – includes real estate, business, and FF&E, with appraisal-supported value
EXECUTIVE SUMMARY
Confidential Offering – Wine Bar & Restaurant Property | Space Coast (Viera, FL)
Asking Price: $3,900,000 (Real Estate + Business + FF&E)
Contact:
Jimmy Layson | 407.749.3694 | jlayson@prakascompany.com
Prakas & Co. Office | 561.368.0003 (Ask for Chas)
Overview
Prakas & Co. is pleased to present a confidential offering of a newly constructed wine bar and restaurant property on Florida’s booming Space Coast. Completed in 2023, this 6,664 SF two-story facility was purpose-built for hospitality and retail. The property currently operates as a wine bar and kitchen with a unique self-pour wine dispensing system, full commercial kitchen, and retail storefront.
Located in the vibrant Borrows West neighborhood of Viera—just 30 minutes from Cocoa Beach—this turnkey asset is positioned in one of the fastest-growing master-planned communities in Florida.
Property Highlights
Site Size: 1.32 Acres (57,499 SF)
Building Size: 6,664 SF | Two Stories
Parking: 54 Private Spaces + 10 Golf Cart Spaces
Zoning: PUD – Planned Unit Development
Taxes: $8,387 (Annual)
Built: 2023 (Modern, Purpose-Built Design)
Market Strength
Viera, FL is experiencing rapid residential and commercial expansion, attracting families, retirees, and professionals.
Strong demographics, high-income households, and master-planned growth support long-term upside.
The Space Coast continues to benefit from aerospace, technology, and tourism growth, driving economic strength and population gains.
Offering Details
Confidential Sale – NDA required for full disclosure.
Asking Price: $3,900,000 - (includes real estate, business, FF&E).
Current Market Value (Real Property Only): $4,500,000 (as of July 2025 appraisal).
Opportunity to continue the existing wine bar concept or introduce a new hospitality/retail operation in a high-demand market.
Asking Price: $3,900,000 (Real Estate + Business + FF&E)
Contact:
Jimmy Layson | 407.749.3694 | jlayson@prakascompany.com
Prakas & Co. Office | 561.368.0003 (Ask for Chas)
Overview
Prakas & Co. is pleased to present a confidential offering of a newly constructed wine bar and restaurant property on Florida’s booming Space Coast. Completed in 2023, this 6,664 SF two-story facility was purpose-built for hospitality and retail. The property currently operates as a wine bar and kitchen with a unique self-pour wine dispensing system, full commercial kitchen, and retail storefront.
Located in the vibrant Borrows West neighborhood of Viera—just 30 minutes from Cocoa Beach—this turnkey asset is positioned in one of the fastest-growing master-planned communities in Florida.
Property Highlights
Site Size: 1.32 Acres (57,499 SF)
Building Size: 6,664 SF | Two Stories
Parking: 54 Private Spaces + 10 Golf Cart Spaces
Zoning: PUD – Planned Unit Development
Taxes: $8,387 (Annual)
Built: 2023 (Modern, Purpose-Built Design)
Market Strength
Viera, FL is experiencing rapid residential and commercial expansion, attracting families, retirees, and professionals.
Strong demographics, high-income households, and master-planned growth support long-term upside.
The Space Coast continues to benefit from aerospace, technology, and tourism growth, driving economic strength and population gains.
Offering Details
Confidential Sale – NDA required for full disclosure.
Asking Price: $3,900,000 - (includes real estate, business, FF&E).
Current Market Value (Real Property Only): $4,500,000 (as of July 2025 appraisal).
Opportunity to continue the existing wine bar concept or introduce a new hospitality/retail operation in a high-demand market.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Building Size
6,664 SF
Building Class
B
Year Built
2023
Price
$5,444,088 CAD
Price Per SF
$816.94 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.11
Lot Size
1.35 AC
Zoning
Zoning: PUD – Planned Uni - Zoning: PUD (Planned Unit Development) – The Planned Unit Development designation allows for a flexible mix of uses within the Borrows West master-pla
Frontage
496’ on Lorkey ln
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 25-36-33-50-0000B.0-0001.00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $2,507,650 CAD |
PROPERTY TAXES
Parcel Number
25-36-33-50-0000B.0-0001.00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,507,650 CAD
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5475 Lorkey Ln
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