626 Montreal AveMelbourne, FL 32935

Property Details for 626 Montreal Ave

Year built

1951

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.15 AC

Property size (Sq ft)

1,296 SF

Zone code

C3

Property type

Office properties

Property subtype

Office buildings

APN

27-37-16-25-00024.0-0001.01

APU

9223372036854775807

Description

This exceptional Class A executive office space, totaling 1,296 square feet, is ideally situated at 626 Montreal Avenue in Melbourne, Florida, zip code 32935. The property features multiple suites within a single building, offering flexibility for various business needs. Convenient access is provided from both East and West via Eau Gallie Boulevard, offering seamless connectivity to US Highway 1 and I-95 to the west, and the beautiful Brevard County beaches to the east. This location benefits from its placement within the Old Eau Gallie Riverfront Community Redevelopment District (CRM), actively working to revitalize the area, and the vibrant Eau Gallie Arts District (EGAD). EGAD offers a rich history, diverse art galleries, restaurants, shops, and a calendar of year-round family-friendly events. The property includes 5 designated parking spaces plus one handicap-accessible space. The zoning is C-3 City of Melbourne. This is a truly exceptional opportunity to establish your business in a thriving and culturally rich community. Currently, one suite is available within this 1,296 square foot building.

• CAP approach

  CAP return

  Valuation

  6%

  $356,193

  6.5%

  $328,793

  7%

  $305,308

• Comparable approach

  Method

  Valuation

  Relative Method

  $203,511

  Geo Method

  $203,511

• Alternative Use

  Use

  Valuation

  Residential

  $407,704

  Hospitality

  $373,455

  Educational

  $310,710

  Medical

  $321,396

  Retail

  $483,326

Location Insight

City

Melbourne

County

Brevard

State

Florida

Latitude

28.1291

Longitude

-80.6282

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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