Listing Agency: Fraser Group, Inc

Listed By: Kim Fraser · License #702955 Show Phone

Source: Exprealty

Added: Aug 19 Changed: Oct 25 Last Checked: Oct 28 at 10:59AM

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Investment Insights

Based on property information with market context.

Located at 206-321 Ocean Ave in Melbourne Beach, this second-floor office unit is arranged for a range of professional workspace needs. The interior includes a reception area, four offices, a data closet, a storage closet, and a restroom.

Windows in each office face either Ocean Ave or Oak St, bringing street-facing exposure to the individual work areas. The combination of private offices, front reception, dedicated storage, and data infrastructure provides a clearly organized configuration within the unit.

Key Highlights

• Second‑floor office unit at 206‑321 Ocean Ave, Melbourne Beach, FL
• Four offices, each with windows facing Ocean Ave or Oak St
• Reception area provides a defined entry point

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Hair Salon Law Firm Dental Office Big Box & Wholesale Store Nail Salon Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$0.44 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

298

Businesses Nearby

Explore this area Business Placement

Demographics for 32951, FL

11,525

Population

7,720

Households

1.5

Avg Household Size

61

Median Age

52%

College-Educated

97%

High-School Grad

8.1 sq mi

ZIP Area

1,423

Density / Sq Mi

$88,859

Median Household Income

$53,281

Median Earnings

$1,690

Median Rent

$495,700

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - Four windowed offices plus reception, storage, data closet, and restroom create a defined workspace layout.

Where is this office unit located?

The property is located at 206-321 Ocean Ave Melbourne Beach, FL.

What is the lease rate?

The lease rate is $2,117/Mo.

What are key features of this property?

This property features: Second‑floor office unit at 206‑321 Ocean Ave, Melbourne Beach, FL; Four offices, each with windows facing Ocean Ave or Oak St; Reception area provides a defined entry point