CBS Retail Building with Highway
2814 S Harbor City Boulevard Melbourne, FL 32901
2814 S Harbor City Boulevard, Melbourne, FL, 32901
$449,000
For Sale
$449,000
SINGLE_FAMILY - Melbourne, FL
Property Size1,400 SF
Lot Size0.50 Acres
Price / SF$320.71
Days on Market191
Property Features for 2814 S Harbor City Boulevard
General Information
- Property type
- Residential
- Property subtype
- Retail
- Zoning
- Commercial
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Standard status
- Active
- APN
- 28371112k27
- Lot size
- 0.50 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Description
- RIVERVIEW HEIGHTS SUBD LOTS 7,8,9 E OF RR EX HWY R/W BLK K 2
- Tax Annual Amount
- 3190
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1955
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Terrazzo
Listing Agency
Mac Evoy Real Estate Co
(772) 589-0400
2855 Ocean Dr Ste C6, Vero Beach, FL
Listed by
Carolyn E Mac Evoy · License #3149016
(772) 925-4791
Added: Jan 8 Checked: Jul 18 at 1:06 pm
MLS# R11152547
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale retail building is constructed of CBS and includes a newer roof and terrazzo floors. The interior is arranged with a large open front room, along with two separate office or storage areas. Additional finishes noted include great lighting and a vaulted ceiling with wood trim. The back of the building features a thick concrete pad and a CBS wall enclosure that can support expansion.
The property is located on a thriving continuation of US Highway 1 / S Harbor City Blvd, with nearly 200 feet of highway frontage. Access is available directly from the highway or from the alley/Irwin Street just behind. The site offers plenty of side and rear parking, and the property is described as completely fenced.
With its storefront-style layout and dedicated interior office or storage spaces, the building may fit a variety of neighborhood retail and service tenants seeking a freestanding facility. The substantial frontage and on-site parking support customer access, while the fenced perimeter and back concrete pad provide practical flexibility for future build-out within the existing CBS enclosure.
The property is located on a thriving continuation of US Highway 1 / S Harbor City Blvd, with nearly 200 feet of highway frontage. Access is available directly from the highway or from the alley/Irwin Street just behind. The site offers plenty of side and rear parking, and the property is described as completely fenced.
With its storefront-style layout and dedicated interior office or storage spaces, the building may fit a variety of neighborhood retail and service tenants seeking a freestanding facility. The substantial frontage and on-site parking support customer access, while the fenced perimeter and back concrete pad provide practical flexibility for future build-out within the existing CBS enclosure.
Key Highlights
- High‑traffic highway frontage (nearly 200 feet) on US Highway 1/S Harbor City Blvd.
- Located in an up‑and‑coming Opportunity Zone.
- 1400 sq ft CBS building with newer roof.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.2k | $18.00 |
| − Vacancy | −$2.1k | −$1.53 |
| EGI | $23.1k | $16.47 |
| − OpEx | −$6.9k | −$4.94 |
| NOI | $16.1k | $11.53 |
1,400 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$230.6K
$201.8K – $269.0K
NOI $16,141 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$369.4K
$323.2K – $430.9K
NOI $25,855 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Septic Tank Cleaning
General Contractor
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Freestanding CBS retail building with terrazzo floors, large open front room, and nearly 200 feet of highway frontage.
Where is this retail space located?
The property is located at 2814 S Harbor City Boulevard Melbourne, FL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: High‑traffic highway frontage (nearly 200 feet) on US Highway 1/S Harbor City Blvd.; Located in an up‑and‑coming Opportunity Zone.; 1400 sq ft CBS building with newer roof.
