Presenting an extraordinary opportunity to own a piece of Historic Downtown Melbourne, this two-story building, spanning over 10,000 square feet, originally served as a hotel with 17 rooms upstairs and a bar downstairs. While the property requires a complete makeover, it offers incredible potential for restoration or redevelopment. Located within a sought-after Opportunity Zone, this property provides attractive tax incentives for investors, alongside funding opportunities available through the City of Melbourne for business owners committed to revitalizing the area. This historic building offers an exceptional canvas for visionaries looking to transform a unique property while taking advantage of the benefits associated with the downtown's growth and development.