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Free-Standing Retail Building with New Roof

405 Ocean Avenue Melbourne Beach, FL 32951

405 Ocean Avenue, Melbourne Beach, FL, 32951

$625,000

Pending

For Sale

$625,000

Pending

SINGLE_FAMILY - Melbourne Beach, FL

Property Size1,400 SF

Lot Size0.11 Acres

Days on Market16

Property Features for 405 Ocean Avenue

General Information

Property type: Residential
Property subtype: Retail
Bathrooms: 1
Rooms: Bathroom 1
Parking features: Parking Lot
Standard status: Pending
APN: 28-38-07-Fy-00002.0-0009.01
Size: 1,400 SF
Lot size: 0.11 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Description: WILCOX MELBOURNE BEACH E 1/2 OF LOT 9 & W 2 FT OF LOT 10 BLK 2
Tax Annual Amount: 3461

Utilities

Sewer type: Public Sewer
Heating system: Central
Cooling system: Central Air
Water source: Public

Building Details

Year built: 1979
Flooring type: Tile
Building materials: Block
Roof type: Metal, Composition

Listing Agency Realty World Curri Properties

1097 S Patrick Drive, Melbourne, FL

Listed by John D Curri · License #3105835

Added: Jul 2 Checked: Jul 17 at 12:06 pm

MLS# 1081558

Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This free-standing commercial retail building, known as the “Shell Shop,” has operated for more than 45 years. The building is constructed of concrete block and is described as being in excellent shape, with a new roof installed in 2019. The seller is retiring and is open to an owner-operator continuing the existing business or converting the space for another use, including professional office space.

The property is located in the heart of Melbourne Beach, just one building off A1A, and is approximately three blocks from the beach. Parking is supported by eight deeded spaces, with additional parking available at the building next door through a cross-parking easement agreement.

Overall, the asset offers a long-operating retail storefront configuration in a standalone commercial building, supported by dedicated parking for day-to-day customer or client use.

Key Highlights

1,560 SF freestanding retail building known as the “Shell Shop” in Melbourne Beach
Concrete block construction with tile flooring, central heating, and central air
New roof installed in 2019; roof materials include composition and metal

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$30.2k	$21.60
− Vacancy	−$4.8k	−$3.46
EGI	$25.4k	$18.14
− OpEx	−$6.4k	−$4.54
NOI	$19.1k	$13.61

1,400 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$272.2K

$238.1K – $317.5K (±1% cap)

NOI $19,051 @ 7.0% cap · market cap 3.05%

Second Best

Retail

$230.6K

$201.8K – $269.0K (±1% cap)

NOI $16,141 @ 7.0% cap · market cap 2.58%

Theoretical Best

Office A

$369.4K

$323.2K – $430.9K (±1% cap)

NOI $25,855 @ 7.0% cap · market cap 4.14%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

For sale
Storefront properties
FL
Melbourne Beach
32951
405 Ocean Avenue

What type of property is this?

Storefront property - Concrete-block retail building with a roof installed in 2019 and eight deeded parking spaces.

Where is this storefront property located?

The property is located at 405 Ocean Avenue Melbourne Beach, FL.

What is the asking price?

The asking price for this property is $625,000.

What are key features of this property?

This property features: 1,560 SF freestanding retail building known as the “Shell Shop” in Melbourne Beach; Concrete block construction with tile flooring, central heating, and central air; New roof installed in 2019; roof materials include composition and metal