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    401 E New Haven Ave Melbourne, FL 32901

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    For Sale
    $1,175,000

    Profitable restaurant property with long-term lease and growth potential.

    Property size:
    2,320 SF
    Lot size:
    0.15 Acres

    Property Features for 401 E New Haven Ave

    General Information

    Size
    2,320 SF
    Lot size
    0.15 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

    Melbourne Restaurant Investment Opportunity

    This property, currently operating as a Taco Dive restaurant, is available for purchase and features a 10-year NN+ lease agreement with the tenant, including two 5-year option terms. The first year Net Operating Income (NOI) is projected at $82,360.00, with annual increases of 4% throughout the initial lease term and option periods. The tenant is responsible for property taxes, building insurance, and maintenance. The property is situated in Downtown Melbourne, an area with the highest daytime population in the county. Its location offers close proximity to Melbourne Orlando International Airport, Holmes Regional Medical Center, and major employers such as L3 Harris, Northrop Grumman, and Embraer. The surrounding trade area is experiencing significant residential and commercial development, including multiple residential/multifamily projects with over 1,000 units in Phase 1 of development and strong performing retailers within a 5-mile radius. The building has a size of 2320 square feet and is suitable for restaurant and retail use.
    Insight Report Location Intelligence

    Current Use by Public Records

    Crydermans Barbecue Melbourne Barbecue Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6146304
    Latitude
    28.0783153

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    FAQs

    What type of property is this?
    Turn key restaurant - Profitable restaurant property with long-term lease and growth potential.
    Where is this turn key restaurant located?
    The property is located at 401 E New Haven Ave Melbourne, FL.
    What is the asking price?
    The asking price for this property is $1,175,000.
    What are key features of this property?
    This property features: - 10 year NN+ lease with Taco Dive including two 5-year option terms.; - First year NOI of $82,360.00.; - Features 4% annual increases in initial lease & option terms.
    (321) 722-0707
    Request Owner's contact information
    401 E New Haven Ave Melbourne, FL 32901
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    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
    401 E New Haven Ave Melbourne, FL 32901
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