442 Hbr City 442 BlvdMelbourne, FL 32935
- Retail properties
- 0.41 AC
Property Details for 442 Hbr City 442 Blvd
- Year built
- 1958
- Lot size
- 0.41 AC
- Property type
- Retail properties
Description
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.
Location Insight
- City
- Melbourne
- County
- Brevard
- State
- Florida
- Latitude
- 28.1155
- Longitude
- -80.6227
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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