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    1510-1520 Highland Ave Melbourne, FL 32907

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    For Lease
    $24 SF/Yr ($11,836 /Mo)

    Former museum spaces ideal for restaurant, food hall, or retail.

    Property size:
    5,918 SF
    Lot size:
    0.41 Acres

    Property Features for 1510-1520 Highland Ave

    General Information

    Size
    5,918 SF
    Lot size
    0.41 Acres

    Source: Lightle Beckner Robison, Inc. Agent J. Blake Robison

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

    Overview

    Unique Restaurant and Retail Opportunity

    Two spaces are available for rent, either separately or combined into one large concept. The spaces, formerly the Foosaner Art Museum and a science center, feature high ceilings and character. One space, suitable for a corner restaurant, includes plans for a recessed storefront to allow for outdoor seating, as well as a large garden and outdoor space behind the building. The adjacent space presents an opportunity for a food hall with micro restaurants and retailers, a bar concept, or recreational entertainment use. The landlord has experience building restaurants and offers a modified build-to-suit option for the right tenant, with collaboration throughout the design and construction process. The property offers 5918 square feet of retail and restaurant space.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Similar Places Nearby

    Chef Libby's Catering Service, Good Taste Caterers, Mobile bar b cue and soul food catering, Dante's Inferno ,Food for the Soul Corp.

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6278172
    Latitude
    28.1312336

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    FAQs

    What type of property is this?
    Restaurant - Former museum spaces ideal for restaurant, food hall, or retail.
    Where is this restaurant located?
    The property is located at 1510-1520 Highland Ave Melbourne, FL.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: - Modified build-to-suit opportunity with experienced landlord.; - Potential for **outdoor seating and large garden/outdoor space** (corner restaurant space).; - Suitable for a large concept or two separate spaces.
    (321) 722-0707
    Request Owner's contact information
    1510-1520 Highland Ave Melbourne, FL 32907
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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
    1510-1520 Highland Ave Melbourne, FL 32907
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