107 New Haven AveMelbourne, FL 32901

Property Details for 107 New Haven Ave

Year built

1974

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.17 AC

Property size (Sq ft)

5,031 SF

Zone code

C1

Property type

Retail properties

Property subtype

Other retail properties

APN

28-37-03-55-00002.0-0001.00

APU

9223372036854775807

Description

This exceptional 5,030-square-foot commercial property, situated on a 0.17-acre lot in downtown Melbourne, offers a unique blend of office and warehouse space, perfect for a variety of uses. The building, renovated in 2024, features a 3,900-square-foot first floor encompassing a 2,340-square-foot warehouse with 10-foot ceilings and a 10' x 10' roll-up door, plus 1,560 square feet of office space. The office area includes a reception area, main office, conference room, two private offices, and two ADA-compliant restrooms. Upstairs, a 1,056-square-foot second floor provides additional space ideal for office use or storage, boasting abundant natural light. Recent upgrades include a new roof with skylights, new gutters and downspouts, LED lighting, a new water heater, and three 3-phase electrical panels (120/240V). The office areas feature new flooring and paint. Utility connections support laundry facilities and 240V appliances. A paved parking lot includes ADA-compliant parking and a ramp. The property's prime corner location offers easy access to US-1, I-95, and Babcock Street. General Commercial zoning allows for diverse uses, including office, retail, light manufacturing, distribution, or office/warehouse combinations. The property is immediately available.

• CAP approach

  CAP return

  Valuation

  6%

  $2,032,600

  6.5%

  $1,876,246

  7%

  $1,742,228

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,990,845

  Geo Method

  $1,990,845

• Alternative Use

  Use

  Valuation

  Residential

  $1,582,684

  Hospitality

  $1,449,730

  Educational

  $1,206,158

  Medical

  $1,247,640

  Retail

  $1,876,246

Location Insight

City

Melbourne

County

Brevard

State

Florida

Latitude

28.0783

Longitude

-80.6192

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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