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Office and Restaurant Buildings For Sale

805 E Fee Ave, Melbourne, FL

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For Sale

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Two commercial buildings with office and restaurant spaces available.

Type:OFFICE

Property size:

9,032 SF

Lot size:

0.39 Acres

Price / SF:

$193/SF

HighLights

Two buildings included: Office building (+/- 4,982 SF) and Restaurant/Kitchen (+/- 4,050 SF).
Fully equipped restaurant includes a kitchen and negotiable FF&E.
Secure and private: 100% gated and fenced property with 34 parking spaces.
Modern office space features a reception/lobby, 7 offices, conference room, 4 restrooms, storage, 3 showers, and a laundry room.
Both buildings are 100% fire sprinklered.
Separately metered utilities for each building.

We can help!

Listing Contact

Michael S. Ullian

For Sale

Contact for pricing

Two commercial buildings with office and restaurant spaces available.

Type:OFFICE

Property size:

9,032 SF

Lot size:

0.39 Acres

Price / SF:

$193/SF

Added:: Apr 17, 2025
Days on Market:: 420
Last Refresh:: May 20 at 9:56 pm

Property Features for 805 E Fee Ave

General Information

Standard status: Active
Size: 9,032 SF
Lot size: 0.39 Acres
Property subtype: OFFICE

We can help!

Listing Contact

Michael S. Ullian

Listing agent Zachary Ullian

Listing office The Ullian Realty Corporation

Listing date Apr 17, 2025

Source Moodyscre

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 The Ullian Realty Corporation

HighLights

Two buildings included: Office building (+/- 4,982 SF) and Restaurant/Kitchen (+/- 4,050 SF).
Fully equipped restaurant includes a kitchen and negotiable FF&E.
Secure and private: 100% gated and fenced property with 34 parking spaces.
Modern office space features a reception/lobby, 7 offices, conference room, 4 restrooms, storage, 3 showers, and a laundry room.
Both buildings are 100% fire sprinklered.
Separately metered utilities for each building.

Overview

This offering includes two commercial buildings. The first building, constructed in 2012, is an approximately 4,982-square-foot CBS office building featuring a reception/lobby area, seven offices, a conference room, four restrooms, storage space, three showers, and a laundry room. It has a drop ceiling throughout and a mix of carpet and tile flooring. The second building, constructed in 1952 and renovated in 2012, is an approximately 4,050-square-foot CBS restaurant/kitchen. The remaining FF&E is negotiable. The restaurant has Florida City Gas and a 750-gallon underground grease trap. Both buildings are 100% fire sprinklered and separately metered for city water/sewer and FPL electric. The property is 100% gated/fenced and includes a total of 34 paved/striped parking spaces. Daily Bread is vacating May 9.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$195.1k	$21.60
− Vacancy	−$31.2k	−$3.46
EGI	$163.9k	$18.14
− OpEx	−$41.0k	−$4.54
NOI	$122.9k	$13.61

9,032 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.76M

$1.54M – $2.05M (±1% cap)

NOI $122,907 @ 7.0% cap · market cap 7.02%

Second Best

Specialty Retail

$1.72M

$1.50M – $2.01M (±1% cap)

NOI $120,306 @ 7.0% cap · market cap 6.87%

Theoretical Best

Office A

$2.38M

$2.09M – $2.78M (±1% cap)

NOI $166,803 @ 7.0% cap · market cap 9.53%

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

Property Profile Location Intelligence

Current Use by Public Records

Daily Bread Beuchner ... Foster Care Service

Suggested Use

Location Insight

Map
Local Demand

City: Melbourne
County: Brevard
State: Florida
Longitude: -80.6074
Latitude: 28.0814

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What type of property is this?

Office building - Two commercial buildings with office and restaurant spaces available.

Where is this office building located?

The property is located at 805 E Fee Ave Melbourne, FL.

What is the asking price?

The asking price for this property is $1,750,000.

What are key features of this property?

This property features: Two buildings included: Office building (+/- 4,982 SF) and Restaurant/Kitchen (+/- 4,050 SF).; Fully equipped restaurant includes a kitchen and negotiable FF&E.; Secure and private: 100% gated and fenced property with 34 parking spaces.

805 E Fee Ave, Melbourne, FL

Two commercial buildings with office and restaurant spaces available.

Property Features for 805 E Fee Ave

General Information

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Restaurant Space in Avenue Viera

Established Italian Restaurant Opportunity

Two Office Buildings on US1

Updated Medical Office in Melbourne

Commercial Building on Highway 1

Mixed-Use Commercial Building with Loading Dock

Established Restaurant in High-Traffic Plaza

Restored Multifamily in Arts District

Melbourne, FL Commercial Property

Small Office Building with Garage

Highway Frontage Retail Opportunity

Duplex Live-Work Property

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