Melbourne Commercial Property on
2808 S Harbor City Boulevard, Melbourne, FL 32901
Versatile commercial property with frontage on US1 in Melbourne, FL.
Type:Commercial/Industrial
Property size:
4,102 SFLot size:
1.00 AcrePrice / SF:
$207/SF- Added:
- Mar 12, 2026
- Days on Market:
- 68
- Last Refresh:
- Apr 6 at 2:49 am
Property Features for 2808 S Harbor City Boulevard
General Information
- Standard status
- Active
- Size
- 4,102 SF
- Lot size
- 1.00 Acre
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1955
Listing agent Mark Herendeen License #3429914
Listing office Real Estate Ink Co. Inc. (321) 821-4752
Listing date Mar 12, 2026
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Real Estate Ink Co. Inc.
HighLights
- High‑traffic US 1 frontage (300') with 36,180 traffic count (2023).
- C‑2 Zoning with potential for various business uses and future C3 land use allowing high‑density development (100 units/acre per Live Local Act).
- Located in HUB and Opportunity Zone within Downtown Melbourne CRA expansion.
- Large 1‑acre lot with 7120 sq ft total covered area, including a 2400 sq ft showroom.
- Features 3‑Phase power and 3 roll‑up doors (approx 10') with secured access to alley/easement.
- Convenient location: less than 1/4 mile to Riverview Park, 3 miles to beach, 4 miles to Melbourne Orlando International Airport (MLB), and 2 miles to Florida Institute of Technology.
Overview
Located on S. Harbor City Blvd, this commercial property offers convenient access north and south. The property is zoned C-2, which allows for business and personal services, retail, and many other uses. The property features a potential showroom space of approximately 2400 square feet, with a total covered area of 7120 square feet. The property includes 3-phase power and three roll-up doors, each approximately 10 feet in height. The site provides easy, secured access to an alley or easement in the rear. Situated on a 1-acre lot with 300 feet of frontage on US 1, the property is located within a HUB and Opportunity Zone within the Downtown Melbourne CRA expansion. The future land use designation is C3, allowing for maximum density in Melbourne. The current C-2 zoning, under the Live Local Act, permits development of 100 units per acre at 8 stories. The traffic count for 2023 was recorded at 36,180. The US1 new Streetscape project is scheduled to begin in 2025. The property is located less than a quarter mile from Riverview Park, providing non-motorized access to the Indian River lagoon, 3 miles from public beach access, and 4 miles from Melbourne Orlando International Airport (MLB). Florida Institute of Technology is 2 miles away. The property is suitable for showrooms, retail, flex space, and industrial purposes.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$525.5K
NOI $47,292 @ 9.00% cap · cautious / downside scenario
Moderate
$675.6K
NOI $47,292 @ 7.00% cap · market / base-case scenario
Aggressive
$945.8K
NOI $47,292 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.8k | $18.00 |
| − Vacancy | −$6.3k | −$1.53 |
| EGI | $67.6k | $16.47 |
| − OpEx | −$20.3k | −$4.94 |
| NOI | $47.3k | $11.53 |
4,102 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$675.6K
$591.2K – $788.2K
NOI $47,292 @ 7.0% cap · market cap 5.56%
Second Best
Flex RnD
$598.3K
$523.5K – $698.0K
NOI $41,882 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$1.08M
$947.0K – $1.26M
NOI $75,756 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Barts Carts Trailers ...
Auto Repair Shop
Pelican Trash
General Contractor
Similar Places Nearby
- Island Tile & Marble LLC — 2418 S Harbor City Blvd, Melbourne, FL 32901
Location Insight
- Map
- Local Demand
- City
- Melbourne
- County
- Brevard
- State
- Florida
- Longitude
- -80.599
- Latitude
- 28.0658
Nearby Similar for Sale
FAQs
What type of property is this?
Showroom - Versatile commercial property with frontage on US1 in Melbourne, FL.
Where is this showroom located?
The property is located at 2808 S Harbor City Boulevard Melbourne, FL.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: High‑traffic US 1 frontage (300') with 36,180 traffic count (2023).; C‑2 Zoning with potential for various business uses and future C3 land use allowing high‑density development (100 units/acre per Live Local Act).; Located in HUB and Opportunity Zone within Downtown Melbourne CRA expansion.
