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    1406 Highland Ave Melbourne, FL 32935

    Sponsored
    For Lease
    $35 SF/Yr

    Prime EGAD location, 1850 sq ft.

    Lot size:
    1,850 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,850 square foot retail space is ideally situated in the vibrant heart of EGAD, boasting a prime location amongst numerous restaurants, shops, and a bustling park area that hosts frequent events. The single-tenant property sits on a 0.2-acre lot (APN: 27-37-16-25-00023.0-0009.01) and offers a versatile layout perfect for a variety of uses. The space features a large, open storefront with ample windows providing excellent natural light and visibility. Inside, you'll find a couple of smaller private offices, a convenient kitchen/breakroom, and another spacious open area in the rear. A significant advantage is the private rear parking area accessible through a dedicated rear entrance, offering both convenience and exclusivity. This property presents a fantastic opportunity for a small restaurant, retail store, or office space seeking high visibility and a thriving location within a dynamic community. The property's versatile design and prime location make it an exceptional investment opportunity. The combination of high foot traffic, proximity to amenities, and the unique features of the space make this a truly remarkable offering.

    Property Features for 1406 Highland Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,850 SF

    Unit(s) available at that property

    Space
    Size
    1,850 SF
    Rate per SF
    $35

    HighLights

    • Retail and land property totaling 1,850 square feet on a 0.2‑acre lot.
    • Single‑tenant occupancy.
    • Located in a prime EGAD location near restaurants, shops, and a park.
    • Features a large open storefront with multiple windows, small offices, a kitchen/breakroom, and a rear entrance with private parking.
    • APN: 27‑37‑16‑25‑00023.0‑0009.01
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6270646
    Latitude
    28.1297765

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    FAQs

    What type of property is this?
    Land - Prime EGAD location, 1850 sq ft.
    Where is this land located?
    The property is located at 1406 Highland Ave Melbourne, FL.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: Retail and land property totaling 1,850 square feet on a 0.2-acre lot.; Single-tenant occupancy.; Located in a prime EGAD location near restaurants, shops, and a park.
    Request Owner's contact information
    1406 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
    1406 Highland Ave Melbourne, FL 32935
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