110 Bry Lynn DrMelbourne, FL 32904
- Office properties
- 2,300 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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