308 New Haven Ave Melbourne, FL 32901
This exceptional 0.75-acre commercial land parcel is situated in the heart of Historic Downtown Melbourne, Florida, offering a unique investment opportunity within a rapidly growing and revitalizing area. Currently zoned RP, the property includes a 1,500 square foot building, although the City of Melbourne is open to considering a variance for redevelopment, potentially allowing for residential, professional, or mixed-use development. The high-traffic location boasts 288 diverse businesses within a one-mile radius, catering to a thriving Brevard County market with a population of 169,000 and an average household income of $85,883, projected to increase to $99,247 by 2028. This strategic location benefits from proximity to Florida Tech (6,500 students), over 200 technology and aviation firms, Melbourne International Airport (300,000 annual European travelers), and major attractions such as Disney World, other theme parks, and the Kennedy Space Center (all within a 30-minute radius). This vibrant district offers a captivating blend of dining, shopping, entertainment, and cultural experiences, making this property ideally positioned for a new business venture or expansion within a dynamic and thriving community. The asking price for this remarkable opportunity is $1,100,000. The property's address is 308 E New Haven Ave, Melbourne, FL 32901.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.