2015 Waverly Pl Melbourne, FL 32901-5444
- Office buildings
- 14,219 SF
- 0.77 lot acres
Current Use by Public Records
- American Business Interiors / Furniture Accessories / Furniture Accessories Supplier
Property Details for 2015 Waverly Pl
- Year built
- 1953
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.77 lot acres
- Property size
- 14,219 SF
- Zone code
- C3
- Property type
- Office buildings
- APN
- 28-37-03-82-00046.0-0006.00
- APU
- 9223372036854775807
Description
This exceptional Class A mixed-use commercial property, located in the heart of Downtown Melbourne, FL, presents a rare investment opportunity. Spanning 13,765 square feet on a 0.77-acre lot, this single-story building underwent extensive renovations in 2016, boasting updated electrical systems, HVAC, hurricane-impact windows and doors, and premium finishes. The thoughtfully designed space includes separate showrooms, office areas, a fully equipped kitchen, and warehouse space with a convenient loading dock. Dual access from Waverly Place and Vernon Place provides ample parking, a significant advantage in the downtown area. The property's permitted zoning is Commercial/Residential/Office, offering flexibility for future use. Built in 1953, this meticulously maintained building offers a blend of historic charm and modern functionality. Its prime location within Melbourne's vibrant business district ensures strong rental income potential. This sale includes the real estate only, providing a chance to acquire a high-demand, income-generating asset in a thriving market. The property's size and features make it ideal for a variety of businesses seeking a prominent presence in Downtown Melbourne. The substantial lot size offers potential for future expansion or development. This is a truly unique opportunity to own a piece of Melbourne's thriving commercial landscape. The asking price is $3,999,900.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,380,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,030,000
- 6.5%
- $2,575,000
- 7%
- $2,780,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,050,000
- Geo Method
- $3,130,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,645,000
- Retail
- $2,530,000
- Mixed-Use
- $2,100,000
- Hospitality
- $2,115,000
- Educational
- $2,275,000
- Residential Income
- $2,130,000
- Energy
- $2,250,000
- Income-Based Land
- $2,800,000
- Food Service
- $2,400,000
Location Insight
- Map
- Local Demand
- City
- Melbourne
- County
- Brevard
- State
- Florida
- Longitude
- -80.6073
- Latitude
- 28.0778
- CBSA code
- 37340
- CBSA name
- PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
