5920 Highway A1AMelbourne Beach, FL 32951

Property Details for 5920 Highway A1A

Year built

1996

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.40 AC

Property size (Sq ft)

6,401 SF

Zone code

BU1A

Property type

Office properties

Property subtype

Office buildings

APN

29-38-14-HA-00009.0-0065.00

APU

293814HA000090006500

Description

This exceptional retail space, located at 5920 S Highway A1a in Melbourne Beach, Florida (zip code 32951), offers a unique opportunity for a single tenant. Situated on a 0.4-acre lot (APN: 29-38-14-Ha-00009.0-0065.00), the property boasts a generous layout featuring a large great room with high ceilings and abundant natural light from numerous windows. The space also includes two private offices, an additional open office area, two restrooms, and a convenient kitchen area. Accessibility is ensured by both an elevator and a staircase, leading to this second-floor unit. The property's unique setting in Melbourne Beach provides a highly desirable location for a variety of retail businesses. The property is classified as Retail, with a single tenancy. The security deposit is $1800. This is a rare opportunity to secure a substantial and well-appointed retail space in a prime beachfront location. The property's size and amenities make it ideal for a business seeking a prominent and attractive presence in the vibrant Melbourne Beach market. The ample space and versatile layout offer significant potential for customization and adaptation to suit a wide range of retail operations.

• CAP approach

  CAP return

  Valuation

  6%

  $1,759,252

  6.5%

  $1,623,925

  7%

  $1,507,930

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,005,149

  Geo Method

  $1,005,149

• Alternative Use

  Use

  Valuation

  Residential

  $2,013,667

  Hospitality

  $1,844,508

  Educational

  $1,534,609

  Medical

  $1,587,387

  Retail

  $2,387,170

Location Insight

City

Melbourne Beach

County

Brevard

State

Florida

Latitude

27.9631

Longitude

-80.5068

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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