Two-Building Mixed-Use
New
For Sale
$995,000
800 E Melbourne Avenue, Melbourne, FL 32901
Commercial Sale, Melbourne, FL
Property Size3,011 SF
Lot Size0.34 Acres
Price / SF$330.45
Days on Market1
Property Features for 800 E Melbourne Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial/Residential/Office
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
On Street
Accessibility
Accessible Approach with Ramp
Lot features
Corner Lot
Directions
Located on the North East corner of Melbourne Ave. and Waverly Place
Subdivision
330 - Melbourne - Central
Standard status
Active
APN
28-37-03-fd-46-6
Size
3,011 SF
Lot size
0.34 Acres
Additional Details
Property Use
Office
Condition
Built-Out
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
10365
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1948
Floors in Building
1
Number of units
1
Flooring type
Laminate, Tile
Building materials
Frame
Roof type
Fiberglass
Buildings
2
Listing Agency:
LIV Signature Real Estate, LLC
(321) 241-4429
Listed By:
Anthony M Romero
(321) 917-7450
Added: Oct 23
Last Checked: Oct 23 at 4:06PM
MLS# 1090713
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.
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Investment Insights
Based on property information with market context.
This 3,011-square-foot mixed-use property occupies 0.34 acres and includes two separate buildings. The Melbourne Avenue building contains approximately 2,300 square feet configured as a pharmacy with lab and office areas. The Waverly Place building offers approximately 700 square feet with three offices, a reception area, kitchenette, and full bathroom. The business is not included in the sale; the offering is for the real estate only.
The property is in Downtown Melbourne’s business district, with frontage on both Melbourne Avenue and Waverly Place. It is a two-minute walk from Hotel Melby Tapestry Collection. Zoning is C-3 / Mixed Use, with multifamily, residential, and commercial uses identified for future use. The buildings were constructed in 1948.
The property is in Downtown Melbourne’s business district, with frontage on both Melbourne Avenue and Waverly Place. It is a two-minute walk from Hotel Melby Tapestry Collection. Zoning is C-3 / Mixed Use, with multifamily, residential, and commercial uses identified for future use. The buildings were constructed in 1948.
Key Highlights
- Two separate buildings on a 0.34‑acre parcel
- 3,011 square feet total; approximately 2,300 square feet in one building and 700 square feet in the other
- C‑3 / Mixed Use zoning; future‑use options include multifamily, residential, and commercial
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,974
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$819,480
$819.5K
Cap Rate 7%
$585,343
$585.3K
Cap Rate 9%
$455,267
$455.3K
Market Conditions
NOI Build-Up for 3,011 SF
Gross rent
$65.0K $21.60/SF
− Vacancy
−$10.4K −$3.46/SF
EGI
$54.6K $18.14/SF
− OpEx
−$13.7K −$4.54/SF
NOI
$41.0K $13.61/SF
Area
Brevard County, FL
Vacancy
16.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$819,480
Cap Rate 7%
$585,343
Cap Rate 9%
$455,267
Alternative Uses
Best Use
Office B
$585.3K
$512.2K – $682.9K
NOI $40,974 @ 7.0% cap · market cap 4.12%
Second Best
Specialty Retail
$573.0K
$501.3K – $668.5K
NOI $40,107 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$794.4K
$695.1K – $926.8K
NOI $55,607 @ 7.0% cap · market cap 5.59%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,835
Businesses Nearby
Explore this area
Business Placement
Demographics for 32901, FL
26,286
Population
13,241
Households
2
Avg Household Size
46
Median Age
31%
College-Educated
90%
High-School Grad
12.1 sq mi
ZIP Area
2,172
Density / Sq Mi
$50,646
Median Household Income
$31,929
Median Earnings
$1,349
Median Rent
$244,500
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - C-3 / Mixed Use zoning identifies residential and commercial uses among the property's future-use options.
Where is this mixed-use property located?
The property is located at 800 E Melbourne Avenue Melbourne, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Two separate buildings on a 0.34‑acre parcel; 3,011 square feet total; approximately 2,300 square feet in one building and 700 square feet in the other; C‑3 / Mixed Use zoning; future‑use options include multifamily, residential, and commercial
