520 Harbor City BlvdMelbourne, FL 32935

Property Details for 520 Harbor City Blvd

Year built

1952

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.22 AC

Property size (Sq ft)

2,255 SF

Zone code

C1A

Property type

Office properties

Property subtype

Office buildings

APN

27-37-21-76-00004.0-0006.00

APU

9223372036854775807

Description

This freestanding, 2,178 square foot creative office building in Melbourne, Florida, offers excellent visibility and signage opportunities. The renovated interior features a front lobby reception area, a large executive office, perimeter offices, a kitchenette, restrooms, and an IT server room. The property includes seven designated parking spaces, one handicapped accessible, plus additional parking along the north side. A rear entrance provides convenient access from the private parking lot. Tenants are responsible for utilities. The building enjoys a prominent location with high daily traffic counts (42,060 vehicles in 2022) on North/South roadways. Its strategic proximity to Melbourne-Orlando International Airport (approximately 3 miles), Interstate 95 (approximately 6 miles), and the vibrant Downtown Eau Gallie (approximately 1 mile) and Downtown Melbourne (approximately 3.6 miles) areas, offering easy access to shops, restaurants, and the Melby Hotel, makes it an ideal location for businesses seeking high visibility and convenient access to amenities.

• CAP approach

  CAP return

  Valuation

  6%

  $619,765

  6.5%

  $572,090

  7%

  $531,227

• Comparable approach

  Method

  Valuation

  Relative Method

  $354,103

  Geo Method

  $354,103

• Alternative Use

  Use

  Valuation

  Residential

  $709,392

  Hospitality

  $649,799

  Educational

  $540,626

  Medical

  $559,218

  Retail

  $840,973

Location Insight

City

Melbourne

County

Brevard

State

Florida

Latitude

28.117

Longitude

-80.627

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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