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    961 Eau Gallie Blvd Melbourne, FL 32937

    Sponsored
    For Lease
    Contact for pricing

    Beachfront Retail Space Available; High Traffic Area

    Lot size:
    123,258 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Ocean Springs Shopping Center presents a unique investment opportunity in Brevard County. This single-story, 123,258 square foot, grocery-anchored shopping center boasts a prime location directly across from Melbourne Beach, offering exceptional visibility and accessibility. The center features a Winn-Dixie anchor tenant, ensuring consistent foot traffic and strong consumer draw. A diverse range of co-tenants, including Dollar Tree, Texas Roadhouse, Firehouse Subs, and Sally Beauty, cater to a broad customer base, creating a synergistic retail environment. Currently, one retail space of 1,500 square feet is available, ideal for a variety of businesses. The center's strategic location at the corner of Collins Avenue and E. Eau Gallie Boulevard benefits from high traffic counts, with Collins Avenue boasting 27,000 AADT and Eau Gallie Boulevard registering 24,000 AADT. The surrounding neighborhoods are densely populated, providing a substantial customer base for the center's tenants. The high geographic barriers to entry, due to the beachfront location, further enhance the property's value and long-term potential. This is a rare opportunity to acquire a space within a thriving, well-established shopping center in a highly desirable coastal location. The property's strong tenant mix, high traffic counts, and prime location make it an attractive investment for discerning buyers.

    Property Features for 961 Eau Gallie Blvd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    123,258 SF

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    Available Space 4
    Size
    1,500 SF

    HighLights

    • Retail property, 123,258 square feet, single‑story, multiple tenants.
    • One 1,500 square foot retail space available.
    • Winn‑Dixie anchored shopping center in Melbourne, Brevard County, located across from Melbourne Beach at Collins Avenue & E. Eau Gallie Blvd.
    • Shadow anchored to Walmart.
    • High traffic counts: Collins Ave 27,000 AADT, Eau Gallie Blvd 24,000 AADT.
    • Strong co‑tenancy including Dollar Tree, Texas Roadhouse, Firehouse Subs, Sally Beauty, and others.
    Property Profile Location Intelligence

    Current Use by Public Records

    Winn-Dixie Wine & Spirits Liquor Store Paul Lormier Kim Pharmacy Primo Water Exchange Bottled Water Supplier Western Union Money Transfer Service Coinhub Bitcoin ATM ... Atm

    Suggested Use

    Realty agency Law Firm Restaurant 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
    -80.5842891
    Latitude
    28.137718

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    FAQs

    What type of property is this?
    Lifestyle center - Beachfront Retail Space Available; High Traffic Area
    Where is this lifestyle center located?
    The property is located at 961 Eau Gallie Blvd Melbourne, FL.
    What are key features of this property?
    This property features: Retail property, 123,258 square feet, single-story, multiple tenants.; One 1,500 square foot retail space available.; Winn-Dixie anchored shopping center in Melbourne, Brevard County, located across from Melbourne Beach at Collins Avenue & E. Eau Gallie Blvd.
    Request Owner's contact information
    961 Eau Gallie Blvd Melbourne, FL 32937
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    Melbourne, FL 32937
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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
    961 Eau Gallie Blvd Melbourne, FL 32937
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