Two-Suite Storefront
For Sale
Contact for pricing
909 E New Haven Avenue 303, Melbourne, FL 32901
C3 zoning supports retail, office, and mixed-use occupancy in a downtown commercial setting.
Property Size19,308 SF
Price / SF$0.04
Days on Market99
Property Features for 909 E New Haven Avenue 303
General Information
Standard status
Active
Size
19,308 SF
Zoning
C3
Listing Agency:
Reach Commercial Real Estate
Listed By:
Cassandra Hartford · License #3296024
(321) 300-4773
Source:
Startbrevardsearch
Added: Jul 11
Changed: Oct 15
Last Checked: Oct 16 at 9:05AM
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 Reach Commercial Real Estate
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Investment Insights
Based on property information with market context.
Located at 909 E New Haven Avenue in Melbourne, this storefront property includes two suites measuring approximately 300 square feet and 400 square feet. The building is described as well maintained, with spaces suited to retail, office, or mixed-use applications under C3 zoning.
The property is positioned in Downtown Melbourne near dining, shopping, and downtown events. Public parking is available on nearby streets and at a close public lot, while the storefront setting provides street presence and pedestrian activity associated with the surrounding downtown environment.
The property is positioned in Downtown Melbourne near dining, shopping, and downtown events. Public parking is available on nearby streets and at a close public lot, while the storefront setting provides street presence and pedestrian activity associated with the surrounding downtown environment.
Key Highlights
- Two suites measuring ±300 sq ft and ±400 sq ft
- C3 zoning for retail, office, or mixed use
- Located at 909 E New Haven Avenue in Downtown Melbourne
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$222,602
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,452,040
$4.5M
Cap Rate 7%
$3,180,029
$3.2M
Cap Rate 9%
$2,473,356
$2.5M
Market Conditions
NOI Build-Up for 19,308 SF
Gross rent
$347.5K $18.00/SF
− Vacancy
−$29.5K −$1.53/SF
EGI
$318.0K $16.47/SF
− OpEx
−$95.4K −$4.94/SF
NOI
$222.6K $11.53/SF
Area
Brevard County, FL
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,452,040
Cap Rate 7%
$3,180,029
Cap Rate 9%
$2,473,356
Alternative Uses
Best Use
Office B
$3.75M
$3.28M – $4.38M
NOI $262,743 @ 7.0% cap · market cap 32,842.88%
Second Best
Retail
$3.18M
$2.78M – $3.71M
NOI $222,602 @ 7.0% cap · market cap 27,825.25%
Theoretical Best
Office A
$5.09M
$4.46M – $5.94M
NOI $356,580 @ 7.0% cap · market cap 44,572.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,950
Businesses Nearby
Well-served
Demand for This Use
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Broom's Florist — 2542 S Harbor City Blvd, Melbourne, FL 32901
- Let's Plant It! — 724 E New Haven Ave, Melbourne, FL 32901
- Fleur des Champs — 820 E New Haven Ave #4, Melbourne, FL 32901
- Julie Miner Events — 905 E New Haven Ave #202, Melbourne, FL 32901
- Blossom House — 1003 E New Haven Ave, Melbourne, FL 32901
Frequently Asked Questions
What type of property is this?
Storefront property - C3 zoning supports retail, office, and mixed-use occupancy in a downtown commercial setting.
Where is this storefront property located?
The property is located at 909 E New Haven Avenue 303 Melbourne, FL.
What are key features of this property?
This property features: Two suites measuring ±300 sq ft and ±400 sq ft; C3 zoning for retail, office, or mixed use; Located at 909 E New Haven Avenue in Downtown Melbourne
