1816 Harbor City BlvdMelbourne, FL 32901

Property Details for 1816 Harbor City Blvd

Year built

1957

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.32 AC

Property size (Sq ft)

2,088 SF

Zone code

C2

Property type

Retail properties

Property subtype

Auto shops

APN

28-37-02-FD-00015.0-0001.00

APU

283702FD000150000100

Description

This exceptional commercial property, located at 1816 S Harbor City Boulevard in Melbourne, Florida, presents a compelling investment opportunity. The 13,939.2 square foot lot is zoned for mixed use, offering significant flexibility for future development. Currently occupied by a long-established business (details available upon request), this property benefits from an extremely high traffic count, a key advantage for any retail venture. The single-story building, constructed in 1957, provides a solid foundation for immediate use or redevelopment. Its prime location near downtown Melbourne ensures high visibility and accessibility. The asking price is $999,500. This property is situated in Brevard County, Florida, zip code 32901, and offers a rare chance to acquire a well-positioned commercial asset in a thriving area. The property's strategic location and high traffic volume make it an ideal investment for both established businesses and new ventures seeking a strong foothold in the Melbourne market. Serious inquiries are encouraged to explore the full potential of this remarkable opportunity. Further details regarding the current business occupancy are available upon request. The property's mixed-use zoning allows for a wide range of potential uses, maximizing its investment potential.

• CAP approach

  CAP return

  Valuation

  6%

  $843,584

  6.5%

  $778,692

  7%

  $723,072

• Comparable approach

  Method

  Valuation

  Relative Method

  $826,254

  Geo Method

  $826,254

• Alternative Use

  Use

  Valuation

  Residential

  $656,856

  Hospitality

  $601,677

  Educational

  $500,588

  Medical

  $517,804

  Retail

  $778,692

Location Insight

City

Melbourne

County

Brevard

State

Florida

Latitude

28.0804

Longitude

-80.6041

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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