820 Lincoln AveMelbourne, FL 32901

This turnkey self-storage facility presents a compelling investment opportunity in Melbourne, Florida. Priced at $2,695,000, this property boasts 21,940 square feet of net rentable space, distributed across 94 units within seven single-story buildings. Constructed in 1979 and 1984, with a complete renovation in 2023, the facility features all-new roofs, paint, asphalt, garage doors, and gates. The units range in size from 200 to 600 square feet, each equipped with spacious roll-up doors. Currently operating at 40% occupancy, the property generates a pro-forma NOI of $211,940, representing a 7% pro-forma cap rate. Situated on a 1.07-acre lot (APN 28-37-03-FC-29-2) zoned C-1 Neighborhood Commercial District, the property enjoys a prime location on East Lincoln Avenue, just blocks from downtown Melbourne and conveniently close to US1 and New Haven Avenue. Its proximity to Indialantic (under 3 miles) further enhances its appeal. The facility benefits from a fully automated system and established management and marketing teams, offering a low-risk, hands-off investment opportunity with an average of seven to ten new move-ins per month, indicating significant value-add potential. The property is constructed of concrete block construction (CBS).