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    1987 Highland Ave Melbourne, FL 32935

    Sponsored
    For Lease
    $32 SF/Yr

    .2-acre lot, 2700 sq ft building, C1 zoning.

    Lot size:
    2,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional .2-acre property at 1987 Highland Avenue in Melbourne, Florida (zip code 32935), offers a unique investment opportunity. The 2700 square foot building, constructed in 2013, currently features four bedrooms and three and a half bathrooms, but its C1 zoning allows for a wide range of commercial uses. Situated in the vibrant Historic Eau Gallie Arts District, this single-tenant building presents a versatile space ideal for various businesses. Potential uses include a high-end spa, salon, fitness studio, physician's office, professional office, art gallery, vacation rental, or assisted living facility. The property boasts ample parking for six vehicles on the parcel. The existing structure provides a solid foundation for immediate occupancy or renovation, depending on the chosen commercial venture. The property's location within the Arts District offers high visibility and access to a thriving community. The lot size of 0.2 acres provides ample space for outdoor amenities or expansion. The APN is 27-37-16-25-00010.0-0002.00. This is a single-story building with a pool. Don't miss this chance to acquire a versatile commercial property in a desirable location.

    Property Features for 1987 Highland Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,700 SF

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    Size
    2,700 SF
    Rate per SF
    $31

    HighLights

    • Exceptional .2‑acre commercial property in Melbourne, FL (32935).
    • 2700 sq ft, 2013‑built building with four bedrooms and 3.5 baths.
    • C1 zoning allows diverse commercial uses.
    • Located in the Historic Eau Gallie Arts District with high visibility.
    • Ample parking for six vehicles.
    • Single‑story building with a pool.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6316715
    Latitude
    28.1394442

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    FAQs

    What type of property is this?
    Land - .2-acre lot, 2700 sq ft building, C1 zoning.
    Where is this land located?
    The property is located at 1987 Highland Ave Melbourne, FL.
    What is the lease rate?
    The lease rate is $31 SF/Yr.
    What are key features of this property?
    This property features: Exceptional .2-acre commercial property in Melbourne, FL (32935).; 2700 sq ft, 2013-built building with four bedrooms and 3.5 baths.; C1 zoning allows diverse commercial uses.
    Request Owner's contact information
    1987 Highland Ave Melbourne, FL 32935
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    Melbourne, FL 32935
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1987 Highland Ave Melbourne, FL 32935
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