110 Bry Lynn DrMelbourne, FL 32904

  • Office properties
  • 2,300 SF
For Sale
$474,900 View listing

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
110 Bry Lynn Dr, Melbourne, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,375
$61,540
$285,780
$347,320
-
$61,540
$285,780
$347,320

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