211 Nieman AveMelbourne, FL 32901

Property Details for 211 Nieman Ave

Year built

1962

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.49 AC

Property size (Sq ft)

7,687 SF

Zone code

C1

Property type

Specialty properties

APN

27-37-28-75-00000.0-0154.00

APU

9223372036854775807

Description

This exceptional 7,687 square foot retail property, located at 211 Nieman Avenue in Melbourne, Florida (zip code 32901), presents a unique investment opportunity. Situated on a spacious 1.49-acre lot (APN 27-37-28-75-00000.0-0154.00), this single-tenant building offers ample space for a variety of businesses. The property features a fully equipped kitchen, including a grease trap, various appliances, and a walk-in freezer, making it ideal for food-related ventures such as restaurants, bars, pubs, or catering services. A large wet bar is also included, perfect for serving drinks and entertaining. The building boasts nine toilets distributed across two men's and two women's restrooms. Additional features include a rear storage room with attic access, a freshly painted exterior, and a large parking lot with extra grass parking areas. This property's size and amenities make it a highly desirable location for a variety of commercial uses. The property is conveniently located in Melbourne, Florida, offering easy access to major roadways and a thriving local community. This is a rare opportunity to acquire a substantial retail space in a prime location. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $2,394,390

  6.5%

  $2,210,210

  7%

  $2,052,330

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,207,090

  Geo Method

  $1,207,090

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,100,760

  Retail / Commercial

  $2,151,910

  Mixed-Use / Specialty

  $2,182,900

  Hospitality / Lodging

  $1,651,860

  Office

  $2,210,210

  Institutional / Educational

  $2,283,160

  Residential Income

  $2,671,300

  Multifamily

  $2,989,470

  Automotive / Energy

  $1,956,990

  Parking / Income-Based Land

  $637,137

  Restaurant / Food Service

  $1,217,860

  Healthcare / Senior Housing

  $2,198,880

Location Insight

City

Melbourne

County

Brevard

State

Florida

Latitude

28.1049

Longitude

-80.6247

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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