1225 New Haven AveMelbourne, FL 32901

Property Details for 1225 New Haven Ave

Year built

1946

Construction

WOOD

Lot size

0.07 AC

Property size (Sq ft)

5,760 SF

Zone code

C3

Property type

Industrial properties

Property subtype

Industrial live-work properties

APN

28-37-02-FD-00022.0-0009.00

APU

283702FD000220000900

Description

This exceptional 1,100 square foot commercial property, located at 1225 E New Haven Ave in Melbourne, Florida (zip code 32901), presents a unique investment opportunity. Currently undergoing a complete renovation (projected completion November 15th), the property boasts brand new electrical systems, flooring, and HVAC. The single-story building sits on a lot with dimensions not specified and features a single suite. The property's APN is 28-37-02-Fd-22-9. Its prime location just off the Melbourne Causeway and near downtown Melbourne ensures high visibility and accessibility. The versatile space is ideal for a variety of businesses, including retail, office, or creative studios. A significant advantage is the inclusion of a private, attached single-car garage, offering valuable extra storage or workspace. This is a rare opportunity to secure a renovated, high-traffic commercial space in a thriving area of Melbourne. The property is currently available for lease. Contact us today to learn more about this exceptional property and schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $3,328,840

  6.5%

  $3,072,770

  7%

  $2,853,290

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,447,190

  Geo Method

  $1,447,190

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $1,612,470

  Mixed-Use / Specialty

  $1,635,690

  Hospitality / Lodging

  $1,237,770

  Office

  $1,656,140

  Institutional / Educational

  $1,710,810

  Residential Income

  $2,001,650

  Multifamily

  $2,240,060

  Automotive / Energy

  $1,466,410

  Parking / Income-Based Land

  $477,417

  Restaurant / Food Service

  $912,562

  Healthcare / Senior Housing

  $1,647,660

Location Insight

City

Melbourne

County

Brevard

State

Florida

Latitude

28.0792

Longitude

-80.6016

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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