51 Carolina St West Melbourne, FL 32904
This exceptional 1,425 square foot commercial space, located at 51 NW Carolina Street #103, presents a unique opportunity for a single tenant. Situated on a 0.52-acre lot (APN: 28-37-05-01-0000d.0-0011.00), this versatile property is zoned for both office and retail use. The interior boasts an open layout, ideal for customization to suit various business needs. Pre-existing features include a kitchen, a bathroom, a dedicated office, and an IT room. The space has a rich history, previously serving as a dance studio and a tattoo parlor, showcasing its adaptability. Currently offered under a modified gross lease at a rate of $17 per square foot, the lease terms stipulate that the landlord covers dumpster services only. All other utilities are the responsibility of the tenant. This property offers a blend of character and functionality, making it an attractive option for businesses seeking a well-located and adaptable space in a vibrant area. The property's flexible layout and existing infrastructure provide a solid foundation for a variety of commercial ventures. The convenient location and competitive lease terms make this an exceptional opportunity for a discerning business owner.
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
Similar Nearby for Lease
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.