1816 Harbor City BlvdMelbourne, FL 32901
- Retail properties
- 2,088 SF
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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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