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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1512 Harbor City Blvd Melbourne, FL 32901

Built 1960
Property ID
Property summary
AI-generated overview

This exceptional commercial property at 1512 S Harbor City Boulevard, Melbourne, FL 32901, presents a unique investment opportunity. The 40,075.2 sq ft lot houses a single-story, 1960-built retail building currently operating as a well-established cafe. The cafe, boasting 15 years of history, enjoys a loyal clientele base, primarily from the medical and aerospace sectors. Operating five days a week for lunch, the cafe comfortably seats 40 guests. The sale includes all equipment and leasehold improvements, offering a truly turnkey operation. The current lease ensures operational stability until October 31, 2026. Significant growth potential exists through service expansion (breakfast, dinner, delivery) to capitalize on the strong existing customer base and prime location near downtown Melbourne. The asking price is $135,000. This is an ideal opportunity for an entrepreneur seeking a profitable, established business with room for expansion. The property's location provides easy access to major employers and a high concentration of potential customers. This turnkey operation minimizes start-up costs and allows for immediate revenue generation.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1960
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Olympia Cafe Restaurant
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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