110 Bry Lynn DrMelbourne, FL 32904

Property Details for 110 Bry Lynn Dr

Year built

1973

Construction

WOOD

Lot size

0.31 AC

Property size (Sq ft)

2,300 SF

Zone code

CP

Property type

Office buildings

APN

28-37-06-08-0000A.0-0023.00

APU

283706080000A0002300

Description

This exceptional commercial property at 110 Bry Lynn Drive, Melbourne, FL 32904, presents a unique investment opportunity. The property boasts a 1,950 square foot office space, comfortably climate-controlled with central heating and air conditioning. A 360 square foot finished garage, also air-conditioned, provides additional versatile space. Eleven convenient parking spots are available behind and to the side of the building, ensuring easy access for clients and employees. The 1-story building, constructed in 1973, sits on a substantial 13,503.6 square foot lot. Its strategic location offers unparalleled visibility and accessibility. Situated directly adjacent to a major power center anchored by national retailers such as Best Buy, Ross, PetSmart, and Barnes & Noble, and next to Melbourne Square Mall, this property benefits from high foot traffic and strong consumer presence. Furthermore, its proximity to Melbourne International Airport (a mere 10-minute drive) adds to its appeal. This is an ideal opportunity for businesses seeking a high-visibility location with ample parking and convenient access to major transportation routes and retail centers. The asking price for this single-unit property is $474,900.

• CAP approach

  CAP return

  Valuation

  6%

  $632,132

  6.5%

  $583,507

  7%

  $541,828

• Comparable approach

  Method

  Valuation

  Relative Method

  $361,169

  Geo Method

  $361,169

• Alternative Use

  Use

  Valuation

  Residential

  $723,549

  Hospitality

  $662,767

  Educational

  $551,414

  Medical

  $570,378

  Retail

  $857,755

Location Insight

City

West Melbourne

County

Brevard

State

Florida

Latitude

28.0795

Longitude

-80.6559

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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