1955 New Haven AveWest Melbourne, FL 32904

Property Details for 1955 New Haven Ave

Year built

1996

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.46 AC

Property size (Sq ft)

32,159 SF

Zone code

C2

Property type

Retail properties

Property subtype

Retail space

APN

28-37-05-00-00515.0-0000.00

APU

9223372036854775807

Description

This exceptional 1-acre retail pad, zoned C2, presents a unique opportunity for a drive-thru business in a high-traffic area of Melbourne, Florida. Located directly across from Melbourne Square Mall, a major regional shopping center boasting over 125 retailers including Dillard's, JCPenney, Macy's, and Dick's Sporting Goods, this property enjoys unparalleled visibility to approximately 150,000 vehicles daily at the signalized intersection of W New Haven Ave and Evans Rd/Hollywood Blvd. The existing building will be demolished, and the landlord will deliver a pad-ready site. This prime location benefits from its proximity to numerous national retailers such as Best Buy, Burlington, PetSmart, Ross, Magnolia, Home Depot, and Target (all within a 1-mile radius). Furthermore, its strategic location near the Orlando Melbourne International Airport, a significant regional hub, ensures access to a large and diverse customer base. Ample parking and excellent access ensure convenient customer flow. This is an exceptional opportunity to establish a thriving business in a proven retail corridor with immediate tenancy availability. The property's single-story design and 1-acre lot size offer significant flexibility for development. The parcel number is 28-37-05-00-00515.

• CAP approach

  CAP return

  Valuation

  6%

  $12,992,721

  6.5%

  $11,993,281

  7%

  $11,136,618

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,725,818

  Geo Method

  $12,725,818

• Alternative Use

  Use

  Valuation

  Residential

  $10,116,782

  Hospitality

  $9,266,917

  Educational

  $7,709,966

  Medical

  $7,975,124

  Retail

  $11,993,281

Location Insight

City

West Melbourne

County

Brevard

State

Florida

Latitude

28.0781

Longitude

-80.653

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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