Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    912 New Haven Ave Melbourne, FL 32901

    For Sale
    $1,950,000

    Melbourne Storefront, 7,833 SF, High Income Potential

    Property size:
    7,833 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 7,833 square foot retail storefront located at 912 E New Haven Avenue in Melbourne, Florida, presents a lucrative investment opportunity. Built in 1935, this single-story building sits on an 8,712 square foot lot and offers excellent access from both the front and rear. Currently housing a long-established local business, the property features three units, with two currently occupied under long-term leases. Approximately 4,500 square feet of space is available for immediate use, providing flexibility for a variety of purposes. This space could be utilized as a single large area, or subdivided into two additional rental units, maximizing rental income potential. Detailed financial information, including a survey and current rental income data, is readily available for review. The asking price for this prime Melbourne retail property is $1,950,000. This presents a rare chance to acquire a well-established, income-generating property in a desirable location with significant upside potential. Don't miss this opportunity to own a piece of Melbourne's vibrant commercial landscape.

    Property Features for 912 New Haven Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    7,833 SF

    Building Details

    Year Built
    1935
    Units
    3

    HighLights

    • 7,833 SF retail storefront in Melbourne, FL.
    • Located at 912 E New Haven Avenue on an 8,712 SF lot.
    • Built in 1935, single‑story building with excellent front and rear access.
    • Three units, two with long‑term leases; ~4,500 SF immediately available.
    • Asking price: $1,950,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jessup's of Melbourne Pawn Shop Melbourne Light Parade Festival From Olives and Grapes... Gourmet Grocery Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6055012
    Latitude
    28.0786186

    Nearby Similar for Sale

    • $757,997
      1,823 SF

      Historic Home in Arts District

      Restored 1928 home near Eau Gallie Arts District.
      1248 Highland Ave, Melbourne, FL 32935
      View Details
    • $545,000
      2,252 SF

      High-Income Multifamily Property in Melbourne

      Three-unit multifamily property with strong income potential in a prime location.
      158 Ct West, Melbourne, FL 32904
      View Details
    • $489,000
      2.51 Acres

      Equestrian Estate with Six-Stall Barn

      2.5-acre equestrian estate featuring a six-stall barn and updated utilities.
      3900 Miami Ave, Melbourne, FL 32904
      View Details
    • $1,700,000
      9,000 SF

      Historic Landmark in Downtown Melbourne

      9000 sq ft historic property with redevelopment potential.
      1824 S Harbor City Blvd, Melbourne, FL 32901
      View Details
    • $1,500,000
      4,948 SF

      Versatile Commercial Property in Melbourne

      Former nursing school suitable for educational, medical, or professional use.
      111 Scott St, Melbourne, FL 32901
      View Details
    • $1,499,000
      7,728 SF

      Melbourne Multi-Unit Investment Opportunity

      Eleven units in a prime Melbourne location with new roof and windows.
      89 NW Irwin Ave, Melbourne, FL 32904
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Melbourne Storefront, 7,833 SF, High Income Potential
    Where is this individual retail property located?
    The property is located at 912 New Haven Ave Melbourne, FL.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: 7,833 SF retail storefront in Melbourne, FL.; Located at 912 E New Haven Avenue on an 8,712 SF lot.; Built in 1935, single-story building with excellent front and rear access.
    Request Owner's contact information
    912 New Haven Ave Melbourne, FL 32901
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    912 New Haven Ave
    Melbourne, FL 32901
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    912 New Haven Ave Melbourne, FL 32901
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.