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    1024 S Harbor City Blvd., Melbourne, Florida 32901 Melbourne, FL 32901

    For Sale
    $2,300,000

    High-Visibility Melbourne Retail Center

    Property size:
    16,270 SF

    Description

    Added:
    Jan 9, 2025
    Days on Market:
    339
    This renovated 16,270 square foot plaza is situated on US-1 (S Harbor City Blvd) in Melbourne, Florida, 32901, offering exceptional visibility and accessibility. Located just one mile north of the Melbourne Causeway Bridge, it benefits from high traffic counts and a dense population. The property's strategic location near Melbourne-Orlando International Airport, Holmes Regional Medical Center, numerous auto dealerships, and the vibrant Downtown Melbourne ensures consistent customer traffic. The plaza features mostly open floor plan units, ideal for a variety of retail uses, and includes convenient rear storage areas with roll-up doors, perfect for efficient loading and unloading. The 1.02-acre lot presents an opportunity for value enhancement through potential rent increases. This versatile property represents a sound investment opportunity in a rapidly developing area, offering significant potential for return on investment in a high-traffic corridor. The property is currently available for $2,300,000.

    Property Features for 1024 S Harbor City Blvd., Melbourne, Florida 32901

    General Information

    Property type
    Shopping centers
    Square Feet
    16,270 SF
    Elevators
    N/A
    Lot Size
    44,431 SF

    Building Details

    Year Built
    1958

    HighLights

    • Prime US‑1 location with high visibility and strong traffic counts.
    • 16,270 square foot building on 1.02 acres with rear storage and roll‑up doors.
    • Located near Melbourne Causeway Bridge, airport, hospital, and Downtown Melbourne.
    Insight Report Location Intelligence

    Current Use by Public Records

    Estate Sales By ... Collectibles Store Happy Creations By ... Furniture Store UpTown Vintage & Antique ... Antique Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Daycare Center Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    State
    Florida
    Longitude
    -80.610277
    Latitude
    28.092957

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    FAQs

    What type of property is this?
    Shopping center - High-Visibility Melbourne Retail Center
    Where is this shopping center located?
    The property is located at 1024 S Harbor City Blvd., Melbourne, Florida 32901 Melbourne, FL.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: Prime US-1 location with high visibility and strong traffic counts.; 16,270 square foot building on 1.02 acres with rear storage and roll-up doors.; Located near Melbourne Causeway Bridge, airport, hospital, and Downtown Melbourne.
    (772) 405-7778
    Request Owner's contact information
    1024 S Harbor City Blvd., Melbourne, Florida 32901 Melbourne, FL 32901
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    1024 S Harbor City Blvd., Melbourne, Florida 32901
    Melbourne, FL 32901
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1024 S Harbor City Blvd., Melbourne, Florida 32901 Melbourne, FL 32901
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