1532 Harbor City BlvdMelbourne, FL 32935

Property Details for 1532 Harbor City Blvd

Year built

2003

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.33 AC

Property size (Sq ft)

3,600 SF

Zone code

C3

Property type

Medical offices

Property subtype

Medical space

APN

27-37-16-25-00044.0-0009.00

APU

9223372036854775807

Description

This 3,200 square foot Class B medical office building, located at 1532 N Harbor City Blvd in Melbourne, Florida (Brevard County, zip code 32935), is available for $1,050,000 ($328.12/sq ft). The single-story, 2003-built property sits on a 0.33-acre lot and is zoned C3. Currently vacant, this owner-user investment opportunity boasts excellent visibility and direct frontage on US-1, offering maximum exposure. The building was fully renovated in 2003 and features modern medical facilities, making it ideal for a variety of medical uses or adaptable to traditional office space. While previously occupied by MedFast Urgent Care, the building will be delivered vacant at closing

• CAP approach

  CAP return

  Valuation

  6%

  $989,425

  6.5%

  $913,315

  7%

  $848,078

• Comparable approach

  Method

  Valuation

  Relative Method

  $565,308

  Geo Method

  $565,308

• Alternative Use

  Use

  Valuation

  Residential

  $1,132,511

  Hospitality

  $1,037,374

  Educational

  $863,083

  Medical

  $892,766

  Retail

  $1,342,573

Location Insight

City

Melbourne

County

Brevard

State

Florida

Latitude

28.1317

Longitude

-80.6317

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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