653-665 University Blvd Melbourne, FL 32901
Exceptional investment opportunity in Melbourne, Florida, featuring two adjacent properties totaling 86,248.8 square feet. The 653 E. University Blvd. property currently operates as a successful convenience store and gas station. The adjacent 665 E. University Blvd. property, previously a beauty supply business and restaurant, is divisible into three retail units, offering flexible configuration options. Located less than a mile from Florida Institute of Technology, this property benefits from high visibility on a major thoroughfare with an estimated 10,000 vehicles daily. The C-1 Neighborhood Zoning allows for diverse uses including residential, restaurant, fast food, office, medical, retail, or church development. Built in 1980, this property presents a unique chance to capitalize on a prime location and flexible zoning. The asking price is $1,800,000. Buyer to verify traffic counts and zoning information.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.