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1510 Highland Ave Melbourne, FL 32935

OFF-MARKET Retail properties & Spaces Google Maps
11,460 SF 0.4 ac lot Built 1959
Estimated value
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Property ID

Property summary

AI-generated overview

This exceptional 11,460-square-foot retail property in Melbourne, Florida, presents a unique investment opportunity. Located at 1510 Highland Ave, this single-tenant building, constructed in 1959, sits on a 0.4-acre lot and is zoned C3. The building features high ceilings and distinct character, previously housing the Foosaner Art Museum's science center. Currently vacant, the space offers significant potential for a variety of uses. One possibility is a restaurant with a recessed storefront enabling outdoor seating and utilizing the large existing garden/outdoor area. Alternatively, the property is well-suited for a food hall concept, incorporating micro-restaurants, retailers, a bar, or recreational entertainment. The landlord possesses extensive experience in restaurant development nationwide and offers a modified build-to-suit option for the right tenant, providing collaborative support throughout the design and construction phases. The property's address is 1510 Highland Ave, Melbourne, FL 32935, with the APN 27-37-16-25-22-9. This is a single-story building with one building on the site.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1959
Total area 11,460 SF
Lot 0.4 ac (17,424 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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