Restaurant with Fully Equipped
6630 Colonnade Avenue Melbourne, FL 32940
New
For Sale
$799,000
Commercial Sale, Other - Melbourne, FL
Property Size7,402 SF
Lot Size1.52 Acres
Price / SF$107.94
Days on Market7
Property Features for 6630 Colonnade Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Business
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3
- Parking features
- Parking Lot
- Exterior features
- Storage
- Standard status
- Active
- APN
- 26-36-09-Tt-0000a.0-0005.00
- Size
- 7,402 SF
- Lot size
- 1.52 Acres
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2006
- Architectural style
- Other
- Additional Structures
- Storage
Listing Agency:
Engel & Völkers Melbourne Beachside
(321) 254-5275
Listed By:
Clara Rodriguez
(321) 254-5275
Added: Jul 17
Last Checked: Jul 23 at 10:06PM
MLS# 1045139
Copyright © 2026 Engel & Völkers. 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 restaurant offering includes the existing build-out along with extensive furniture, fixtures, and equipment. The space is described as having a fully equipped commercial kitchen and bar infrastructure. The package also includes a 4COP SFS liquor license.
The property is located within The Avenue Viera, a shopping, dining, and entertainment destination in Viera. The surrounding area is described as including national retailers, restaurants, entertainment venues, offices, hotels, and established residential communities.
The listing remarks note the opportunity to acquire the location, build-out, FF&E, and liquor license for a new concept, or to continue the established Tuscany Grill operation. A new lease is referenced as being subject to landlord approval, and the offering is described as confidential.
The property is located within The Avenue Viera, a shopping, dining, and entertainment destination in Viera. The surrounding area is described as including national retailers, restaurants, entertainment venues, offices, hotels, and established residential communities.
The listing remarks note the opportunity to acquire the location, build-out, FF&E, and liquor license for a new concept, or to continue the established Tuscany Grill operation. A new lease is referenced as being subject to landlord approval, and the offering is described as confidential.
Key Highlights
- Built in 2006 with central heating and central air
- Includes a fully equipped commercial kitchen and bar infrastructure
- Existing build‑out with extensive furniture, fixtures, and equipment (FF&E)
Financial Insights For Industrial
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 | $66.6k | $9.00 |
| − Vacancy | −$2.0k | −$0.27 |
| EGI | $64.6k | $8.73 |
| − OpEx | −$19.4k | −$2.62 |
| NOI | $45.2k | $6.11 |
7,402 SF · lease $9.00/SF/yr · vacancy 3.00% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.41M
$1.23M – $1.64M
NOI $98,595 @ 7.0% cap · market cap 12.34%
Second Best
Industrial
$646.2K
$565.4K – $753.9K
NOI $45,234 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$1.95M
$1.71M – $2.28M
NOI $136,700 @ 7.0% cap · market cap 17.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Tuscany Grill
Restaurant
FAQs
What type of property is this?
Conventional restaurant - Existing restaurant build-out includes FF&E, bar infrastructure, and a fully equipped commercial kitchen.
Where is this conventional restaurant located?
The property is located at 6630 Colonnade Avenue Melbourne, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Built in 2006 with central heating and central air; Includes a fully equipped commercial kitchen and bar infrastructure; Existing build‑out with extensive furniture, fixtures, and equipment (FF&E)
