2261 New Haven AveWest Melbourne, FL 32904

Property Details for 2261 New Haven Ave

Year built

1984

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

10.30 AC

Property size (Sq ft)

2,800 SF

Zone code

CP

Property type

Retail properties

Property subtype

Strip malls

APN

28-37-06-00-00755.0-0000.00

APU

9223372036854775807

Description

This exceptional investment opportunity presents a thriving Woody's Bar-B-Q franchise located at 2261 W New Haven Ave, West Melbourne, FL 32904. The property, situated on a sizable 10.3-acre lot, boasts a prime end-cap location within a Publix-anchored shopping center on heavily trafficked Highway 192. The single-story building, constructed in 1984, offers 4,000 square feet of well-maintained space. This established business has enjoyed nine years of successful operation, and the sale includes all furniture, fixtures, and equipment (FF&E). The asking price for this turnkey operation is $299,000. This represents a rare chance to acquire a profitable, established restaurant with significant growth potential in a high-traffic area. The property's size and location within a well-established shopping center provide excellent visibility and accessibility for customers. This is an ideal opportunity for an experienced restaurateur or investor seeking a proven business model in a desirable market. The property is located in Brevard County, Florida.

• CAP approach

  CAP return

  Valuation

  6%

  $1,131,242

  6.5%

  $1,044,224

  7%

  $969,636

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,108,004

  Geo Method

  $1,108,004

• Alternative Use

  Use

  Valuation

  Residential

  $880,842

  Hospitality

  $806,846

  Educational

  $671,287

  Medical

  $694,373

  Retail

  $1,044,224

Location Insight

City

West Melbourne

County

Brevard

State

Florida

Latitude

28.0778

Longitude

-80.6595

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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