Retail/Commercial Building on Highway
2814 S Harbor City Boulevard Melbourne, FL 32901
2814 S Harbor City Boulevard, Melbourne, FL, 32901
Contact for pricing
For Sale
Contact for pricing
1400 sq ft building on half-acre lot with parking.
Property Size1,400 SF
Lot Size0.50 Acres
Price / SF$356.43
Days on Market858
Property Features for 2814 S Harbor City Boulevard
General Information
- Standard status
- Active
- Size
- 1,400 SF
- Lot size
- 0.50 Acres
- Property subtype
- Business for Sale
Building Details
- Year Built
- 1955
Listing agency
Mac Evoy Real Estate Co
(772) 925-4791
Listed by
Carolyn Mac Evoy · License #bk3149016
Source
Crexi
Added: Mar 17, 2024 Updated: Jul 10 at 3:42PM Checked: Jul 21 at 7:46AM
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 Mac Evoy Real Estate Co
Investment Insights
Based on property information with market context.
This 1400 sq ft concrete block building is zoned for retail or commercial use and features a newer roof. Situated on a half-acre lot with nearly 200 feet of highway frontage and generous parking, the property includes metal fencing around the perimeter. The interior features Terrazzo floors and a soaring wood-trimmed vaulted ceiling. It contains two private office spaces and two bathrooms. The rear yard includes a CBS wall fence. Previously used as a restaurant and auto parts store, the building is currently vacant and ready for business.
Key Highlights
- High‑visibility location with nearly 200 feet of highway frontage.
- Zoned for retail or commercial use, offering versatile business opportunities.
- Generous parking space available.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.2k | $18.00 |
| − Vacancy | −$2.1k | −$1.53 |
| EGI | $23.1k | $16.47 |
| − OpEx | −$6.9k | −$4.94 |
| NOI | $16.1k | $11.53 |
1,400 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$230.6K
$201.8K – $269.0K
NOI $16,141 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$369.4K
$323.2K – $430.9K
NOI $25,855 @ 7.0% cap · market cap 5.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Septic Tank Cleaning
General Contractor
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - 1400 sq ft building on half-acre lot with parking.
Where is this retail space located?
The property is located at 2814 S Harbor City Boulevard Melbourne, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: High‑visibility location with nearly 200 feet of highway frontage.; Zoned for retail or commercial use, offering versatile business opportunities.; Generous parking space available.
