Restaurant With Commercial
For Sale
$799,000
6630 Colonnade Avenue, Melbourne, FL 32940
Melbourne, FL
Property Size7,402 SF
Price / SF$107.94
Days on Market46
Property Features for 6630 Colonnade Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
3
Full bathrooms
3
Standard status
Active
Size
7,402 SF
Building Details
Year built
2006
Listing Agency:
Engel & Volkers Melbourne · Engel & Völkers
(321) 254-5275
Listed By:
Clara Rodriguez
Added: Sep 5
Changed: Sep 30
Last Checked: Oct 20 at 1:06PM
MLS# 1045139
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 7,402-square-foot restaurant asset includes an existing build-out, extensive furniture, fixtures and equipment, a fully equipped commercial kitchen, and established bar infrastructure. The offering also includes a 4COP SFS liquor license. The 2006-built property is positioned for a new restaurant concept or continued operation of the existing Tuscany Grill concept, subject to the applicable offering terms.
Located within The Avenue Viera, the property is surrounded by national retailers, restaurants, entertainment venues, offices, hotels, and established residential communities. The location is part of a shopping, dining, and entertainment destination in Viera. A new lease is subject to landlord approval. The real estate itself is not included in the offering.
Located within The Avenue Viera, the property is surrounded by national retailers, restaurants, entertainment venues, offices, hotels, and established residential communities. The location is part of a shopping, dining, and entertainment destination in Viera. A new lease is subject to landlord approval. The real estate itself is not included in the offering.
Key Highlights
- 7,402‑square‑foot restaurant asset with existing build‑out
- Fully equipped commercial kitchen and established bar infrastructure
- Furniture, fixtures and equipment included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,234
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$904,680
$904.7K
Cap Rate 7%
$646,200
$646.2K
Cap Rate 9%
$502,600
$502.6K
Market Conditions
NOI Build-Up for 7,402 SF
Gross rent
$66.6K $9.00/SF
− Vacancy
−$2.0K −$0.27/SF
EGI
$64.6K $8.73/SF
− OpEx
−$19.4K −$2.62/SF
NOI
$45.2K $6.11/SF
Area
Brevard County, FL
Vacancy
3.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$904,680
Cap Rate 7%
$646,200
Cap Rate 9%
$502,600
Alternative Uses
Best Use
Specialty Retail
$1.41M
$1.23M – $1.64M
NOI $98,595 @ 7.0% cap · market cap 12.34%
Second Best
Industrial
$646.2K
$565.4K – $753.9K
NOI $45,234 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$1.95M
$1.71M – $2.28M
NOI $136,700 @ 7.0% cap · market cap 17.11%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
541
Businesses Nearby
605k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 22%
Apparel 21%
Home Improvements & Furnishings 18%
Shops & Services 14%
HomeGoods
Home Improvements & Furnishings
53,398 visits/mo
0.4 miles
Total Wine & More
Groceries
40,725 visits/mo
0.3 miles
T.J. Maxx
Apparel
35,403 visits/mo
0.4 miles
World Market
Home Improvements & Furnishings
33,462 visits/mo
0.1 miles
AMC Avenue 16
Leisure
31,491 visits/mo
0.3 miles
Demographics for 32940, FL
44,869
Population
21,433
Households
2.1
Avg Household Size
51
Median Age
52%
College-Educated
97%
High-School Grad
57.3 sq mi
ZIP Area
783
Density / Sq Mi
$106,511
Median Household Income
$56,072
Median Earnings
$1,904
Median Rent
$444,100
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully built restaurant space with bar infrastructure, furnishings, equipment, and a 4COP SFS liquor license.
Where is this conventional restaurant located?
The property is located at 6630 Colonnade Avenue Melbourne, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 7,402‑square‑foot restaurant asset with existing build‑out; Fully equipped commercial kitchen and established bar infrastructure; Furniture, fixtures and equipment included
