For Sale
$1,740,000

442 Hbr City 442 BlvdMelbourne, FL 32935

High-Yield Retail Plaza in Midtown

Overview

Added:
Feb 3
Days on market:
60
This exceptional retail center, Relentless Plaza, presents a compelling investment opportunity in the thriving Midtown Melbourne area. Currently fully leased to five diverse and successful businesses – Melbourne Dance Wear, Frida's, Wayfast Signs, Compass Brevard Team, and Northboro Builders – this property offers a stable and consistent income stream. The 0.41-acre site boasts excellent visibility and high foot traffic, strategically positioned adjacent to the popular Apocalypse Coffee, ensuring strong customer flow. The center's tenants represent a balanced mix of businesses, mitigating risk and maximizing return. Recent improvements include a new roof, minimizing future maintenance expenses and enhancing the property's long-term value. The property's strong tenant occupancy and consistent cash flow translate to an attractive 7% capitalization rate, making it an ideal addition to any investment portfolio. The central location within Midtown Melbourne provides easy access for customers and employees alike. This meticulously maintained property offers a rare opportunity to acquire a high-performing retail asset in a dynamic and growing market. The asking price is $1,740,000.

Property Details for 442 Hbr City 442 Blvd

Property type
Retail properties
Year Built
1958
Lot Size (sq. ft)
17,860 SF

Location Insight

City
Melbourne
County
Brevard
State
Florida
Latitude
28.11551
Longitude
-80.62268
442 Hbr City 442 Blvd, Melbourne, Florida

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442 Hbr City 442 Blvd
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