442 Hbr City 442 BlvdMelbourne, FL 32935

Property Details for 442 Hbr City 442 Blvd

Year built

1958

Lot size

0.41 AC

Property type

Other retail properties

Property subtype

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

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