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    3865 New Haven Ave Melbourne, FL 32904

    For Sale
    $9,900,000

    Prime 8.87-acre commercial lot, ideal for diverse uses.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 8.87-acre (±386,377 sq ft) commercial parcel is situated at 3865 W New Haven Avenue in Melbourne, Florida (zip code 32904), Brevard County. Zoned BU1, it allows for a multitude of uses including retail, restaurants, automotive businesses, hotels/motels, and medical facilities. The property boasts excellent visibility and accessibility, located on the south side of W. New Haven Avenue, between York Avenue (west) and Wood Street (east). Its strategic location offers convenient access, being 0.8 miles west of Wickham Road and 1.2 miles east of I-95. The lot features a frontage of approximately 650 feet and a depth of approximately 595 feet. An additional 45-foot road right-of-way further enhances its development potential. This prime retail outparcel presents a significant investment opportunity in a thriving Florida market. The asking price for this exceptional property is $9,900,000.

    Property Features for 3865 New Haven Ave

    General Information

    Property type
    Hotels
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.68822
    Latitude
    28.077995

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    FAQs

    What type of property is this?
    Hotel - Prime 8.87-acre commercial lot, ideal for diverse uses.
    Where is this hotel located?
    The property is located at 3865 New Haven Ave Melbourne, FL.
    What is the asking price?
    The asking price for this property is $9,900,000.
    Request Owner's contact information
    3865 New Haven Ave Melbourne, FL 32904
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    Melbourne, FL 32904
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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
    3865 New Haven Ave Melbourne, FL 32904
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