Turnkey Asian Grocery
For Sale
$1,700,000
3012 W New Haven Ave, Melbourne, FL 32904
Turnkey grocery operation with organized shelving and an established selection of Asian foods and specialty household items.
Property Size7,500 SF
Price / SF$226.67
Days on Market194
Property Features for 3012 W New Haven Ave
General Information
Standard status
Active
Size
7,500 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Building Details
Year Built
2000
Listing Agency:
Blue Marlin Real Estate
Listed By:
Chau Nguyen
(321) 271-4529
Source:
Spacecoasthomefinders
Added: Apr 11
Changed: Oct 1
Last Checked: Oct 20 at 10:10PM
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 Blue Marlin Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This well-established Asian grocery store is offered as a turnkey operation. The store features organized shelving and ample inventory, supporting a wide selection of authentic products including fresh produce, seafood, meats, frozen foods, rice, noodles, sauces, spices, snacks, beverages, and specialty household items.
The property is described as being conveniently located in a high-traffic area with a loyal customer base.
Offered for sale, the business is positioned as an owner-operator or investor opportunity for entering the international food market, with the sale including the turnkey operating setup described in the remarks.
The property is described as being conveniently located in a high-traffic area with a loyal customer base.
Offered for sale, the business is positioned as an owner-operator or investor opportunity for entering the international food market, with the sale including the turnkey operating setup described in the remarks.
Key Highlights
- Asian grocery store business with YearBuilt 2000
- Wide selection of authentic Asian foods including fresh produce, seafood, meats, and frozen foods
- Includes pantry items such as rice, noodles, sauces, spices, snacks, beverages, and specialty household items
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,900
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,998,000
$2.0M
Cap Rate 7%
$1,427,143
$1.4M
Cap Rate 9%
$1,110,000
$1.1M
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$144.0K $19.20/SF
− Vacancy
−$10.8K −$1.44/SF
EGI
$133.2K $17.76/SF
− OpEx
−$33.3K −$4.44/SF
NOI
$99.9K $13.32/SF
Area
Brevard County, FL
Vacancy
7.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,998,000
Cap Rate 7%
$1,427,143
Cap Rate 9%
$1,110,000
Alternative Uses
Best Use
Specialty Retail
$1.43M
$1.25M – $1.67M
NOI $99,900 @ 7.0% cap · market cap 5.88%
Second Best
Retail
$1.24M
$1.08M – $1.44M
NOI $86,468 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,510 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
657
Businesses Nearby
289k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 29%
Home Improvements & Furnishings 28%
Shops & Services 25%
Groceries 11%
Target
Superstores
82,763 visits/mo
0.4 miles
The Home Depot
Home Improvements & Furnishings
35,822 visits/mo
0.3 miles
Lowe's
Home Improvements & Furnishings
34,898 visits/mo
0.2 miles
Wawa
Shops & Services
34,635 visits/mo
0.2 miles
Winn-Dixie
Groceries
21,363 visits/mo
0.2 miles
Demographics for 32904, FL
35,399
Population
15,117
Households
2.3
Avg Household Size
44
Median Age
40%
College-Educated
94%
High-School Grad
217.1 sq mi
ZIP Area
163
Density / Sq Mi
$86,943
Median Household Income
$42,451
Median Earnings
$1,763
Median Rent
$334,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Turnkey grocery operation with organized shelving and an established selection of Asian foods and specialty household items.
Where is this grocery and convenience store located?
The property is located at 3012 W New Haven Ave Melbourne, FL.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Asian grocery store business with YearBuilt 2000; Wide selection of authentic Asian foods including fresh produce, seafood, meats, and frozen foods; Includes pantry items such as rice, noodles, sauces, spices, snacks, beverages, and specialty household items
