1800 Hibiscus BlvdMelbourne, FL 32901

Property Details for 1800 Hibiscus Blvd

Year built

1986

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

6.67 AC

Property size (Sq ft)

34,726 SF

Zone code

M1

Property type

Retail properties

Property subtype

Strip malls

APN

27-37-32-00-00510.0-0000.00

APU

9223372036854775807

Description

Located on West Hibiscus Boulevard in Melbourne, Florida (zip code 32901), this exceptional property offers 1,500 to 4,750 square feet of versatile commercial space ideal for a variety of office uses, including traditional, medical, or creative office settings. The space is currently configured as office space with a semi-open layout, featuring a large central area, several private offices boasting floor-to-ceiling windows, a convenient breakroom, and a restroom. The adaptable design allows for easy subdivision to accommodate specific tenant needs. Situated amidst mature oak trees, this property benefits from high traffic counts and excellent signage visibility, enhancing its marketing potential. A secluded courtyard adds to the property's unique appeal. The building is multi-tenant. This premium space presents a rare opportunity to establish a presence in a desirable Melbourne location. The address is 1800 W Hibiscus Blvd. The property is available for lease. The total building square footage is not currently specified.

• CAP approach

  CAP return

  Valuation

  6%

  $14,029,828

  6.5%

  $12,950,611

  7%

  $12,025,567

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,741,620

  Geo Method

  $13,741,620

• Alternative Use

  Use

  Valuation

  Residential

  $10,924,325

  Hospitality

  $10,006,623

  Educational

  $8,325,392

  Medical

  $8,611,716

  Retail

  $12,950,611

Location Insight

City

Melbourne

County

Brevard

State

Florida

Latitude

28.0864

Longitude

-80.6533

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].