829 New Hvn 829 Ave Melbourne, FL 32901
- Retail properties
- 0.20 lot acres
Current Use by Public Records
- Retail properties
Property Details for 829 New Hvn 829 Ave
- Year built
- 1928
- Lot size
- 0.20 lot acres
- Property type
- Retail properties
Description
This exceptional commercial retail property, located at 829 E New Haven Avenue in the heart of Downtown Melbourne, Florida, presents a unique investment opportunity. Situated on a 0.2-acre lot, this multi-unit building is perfectly positioned to capitalize on the significant revitalization and growth currently transforming the area. Downtown Melbourne is experiencing a substantial residential boom, with numerous apartment, condo, and townhome developments underway and planned. This influx of new residents is creating a strong demand for retail spaces and services, making this property ideally suited for owner-users or investors seeking a high-growth market. The city's ongoing efforts to enhance the New Haven Avenue commercial district further bolster the property's long-term potential. This is an unparalleled chance to secure a prime location in the vibrant and rapidly evolving core of Melbourne's renowned downtown. The property's multi-unit configuration offers flexibility for a variety of retail uses, catering to the diverse needs of the growing community. The strategic location ensures high visibility and accessibility, attracting a substantial customer base. This represents a compelling investment opportunity in a dynamic and thriving urban center. The asking price is $2,900,000. Serious inquiries are encouraged.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Melbourne
- County
- Brevard
- State
- Florida
- Longitude
- -80.6067
- Latitude
- 28.0783