5-Unit Mixed Use Income Property

8,607 SF | 60% Leased | Retail Building | Melbourne, FL 32901 | $2,200,000 ($256/SF) | 6.46% Cap Rate

Asking Price $2,200,000

Property Type: Retail
Square Feet: 8,607 SF
Price / Square Foot: $256

Listing Contacts

Zachary Ullian

Verified Profile

Property Info

Property Overview

• 911-919 New Haven: Est. 7,743 SF. 2 Commercial Units + 2 Residential Units.
• 1st Floor: One 1,548 SF Ice Cream Store + 2,169 SF Gift Shop.
• 2nd Floor: One 3/1 Apartment + One 3/2 Apartment.
• 2016 Melbourne Court: Est. 864 SF Coffee Shop.
• Est. Proforma NOI $142,200 (6.5% CAP).
• Additional Financials Available to Qualified Buyers.
• High Foot Traffic Area. Exposure to Est. 15,000 VPD on New Haven Avenue.
• C3 Zoning: Office, Retail, Restaurants, Short Term Rentals & More!
• DO NOT DISTURB TENANTS.
• Excellent opportunity to purchase a stand-alone mixed-use building in the heart of Downtown Melbourne! Close proximity to Hotel Melby, Highline Apartments, and all of the beaches, restaurants, and shopping that the area has to offer. Melbourne International Airport is less than a 10-minute drive away which is significant as TUI Airlines flies estimated 156,000 tourists to Melbourne annually. Call today for a tour!

Property Details

Year Built/Renovated: 1920/2023
Stories: 2
Property Subtype: Storefront Retail/Residential, Storefront, Storefront Retail/Office, Office/Residential
Lot Size (sq. ft): 6,534 SF

Highlights

Est. Proforma NOI $142,200 (6.5% CAP)
911-919 New Haven: Est. 7,743 SF. 2 Commercial Units + 2 Upstairs Residential Units
1st Floor: One 1,548 SF Ice Cream Store + 2,169 SF Gift Shop
2nd Floor: One 3/1 Apartment + One 3/2 Apartment
2016 Melbourne Court: Est. 864 SF Coffee Shop
DO NOT DISTURB TENANTS

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