3435 Minton RdMelbourne, FL 32904

Property Details for 3435 Minton Rd

Year built

1987

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.60 AC

Property size (Sq ft)

3,315 SF

Zone code

BU-1-A

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

28-37-18-00-00264.0-0000.00

APU

9223372036854775807

Description

This turnkey 3,315 sq ft retail property in Melbourne, FL, sits on a 0.6-acre lot and is ideally located off I-95, boasting high visibility and dual entrances. The property includes a recently renovated gas station with two brand new state-of-the-art 76-branded pumps (installed one month ago) and a brand new roof (installed two months ago). A fully equipped kitchen, complete with a 10-foot hood system, offers significant potential for expanded food service revenue. The convenience store features a refrigerated beer cave, coffee stations, hot/cold grab-and-go options, and a spacious layout. Additional amenities include an on-site office with security surveillance, storage rooms, and a half bathroom. The property's strategic location near an elementary school, public library, shopping center, and Florida Institute of Technology ensures consistent customer traffic. Its proximity to Melbourne Beach further enhances its appeal. This established business generates diversified revenue streams from fuel sales, retail snacks, alcohol, tobacco, and other products, providing a stable income regardless of economic fluctuations. The asking price is $1,995,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,339,310

  6.5%

  $1,236,286

  7%

  $1,147,980

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,311,797

  Geo Method

  $1,311,797

• Alternative Use

  Use

  Valuation

  Residential

  $1,042,854

  Hospitality

  $955,248

  Educational

  $794,755

  Medical

  $822,088

  Retail

  $1,236,286

Location Insight

City

West Melbourne

County

Brevard

State

Florida

Latitude

28.0519

Longitude

-80.6705

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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