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    3555 W New Haven Ave Melbourne, FL 32904

    For Sale
    $5,699,485

    Retail property in a dynamic growth market with long-term lease.

    Property size:
    25,531 SF
    Lot size:
    3.43 Acres

    Property Features for 3555 W New Haven Ave

    General Information

    Size
    25,531 SF
    Lot size
    3.43 Acres

    Source: Colliers | Fort Lauderdale Agent Christopher Twist

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Melbourne Retail Investment Opportunity

    This property presents an investment opportunity located at 3555 W. New Haven Avenue in Melbourne, Florida. The property includes a 25,531 square foot retail building on a 3.43-acre lot. The property is leased to Northern Tool + Equipment on a long-term lease with minimal landlord responsibilities and scheduled rental increases. Situated along Highway 192, a retail corridor, the property benefits from national co-tenancy and proximity to the Space Coast Town Centre development, a 170-acre mixed-use community. Melbourne, Florida, is experiencing economic growth, driven by aerospace and technology employers such as SpaceX, Lockheed Martin, and Blue Origin. The property offers a combination of location, strong tenancy, and future income growth in a rapidly expanding market. Recent capital improvements have been made to the property. The lease structure is strong.
    Insight Report Location Intelligence

    Current Use by Public Records

    Northern Tool + Equipment Tool Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6824658
    Latitude
    28.0781232

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    FAQs

    What type of property is this?
    Retail space - Retail property in a dynamic growth market with long-term lease.
    Where is this retail space located?
    The property is located at 3555 W New Haven Ave Melbourne, FL.
    What is the asking price?
    The asking price for this property is $5,699,485.
    What are key features of this property?
    This property features: - Long-term lease to Northern Tool + Equipment provides stable income.; - Located in a high-growth area of Melbourne, Florida, driven by aerospace and technology industries.; - Prime location on Highway 192, a busy retail corridor.
    (561) 602-8390
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    3555 W New Haven Ave Melbourne, FL 32904
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    Melbourne, FL 32904
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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
    3555 W New Haven Ave Melbourne, FL 32904
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