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766 St Clair St Melbourne, FL 32935

OFF-MARKET Retail properties & Spaces Google Maps
Estimated value
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Property ID

Property summary

AI-generated overview

This exceptional 0.36-acre corner lot in Melbourne, Florida, presents a unique restaurant opportunity. Located in the thriving Eau Gallie Arts District, this C3-zoned property boasts high visibility on US1, just one block from the intersection of Eau Gallie Blvd and US1, ensuring significant traffic exposure. The property benefits from a grandfathered large road sign and allows for a branded mural on the building for additional signage. The site is a single-tenant space, perfect for a stand-alone restaurant. Development plans for a boutique hotel and 300 luxury apartments within the next 24-36 months promise continued growth in the area. The landlord possesses permits for construction and extensive experience in restaurant development nationwide, offering the potential for a modified build-to-suit arrangement for the right tenant. The APN is 27-37-16-25-40-1, and the property is located at 766 St Clair St, Melbourne, FL 32935. This is a rare chance to establish a thriving business in a rapidly expanding, vibrant community.

Property profile

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Property type Retail properties & Spaces

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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