Property profile

1512-1514 Harbor City Blvd Melbourne, FL 32935

OFF-MARKET
Retail properties & Spaces
1,248 SF 0.16 ac lot Built 1952
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Property summary

AI-generated overview

This 1,248 sq ft mixed-use building, located at 1512-1514 N Harbor City Blvd in Melbourne, FL 32935, presents a unique investment opportunity. Built in 1952 and renovated in 2023, this Class B property features two 624 sq ft units, currently used as an AirBnB, but easily adaptable to various uses. The property boasts high visibility with exposure to an estimated 40,000 vehicles per day on US1. The flexible C3 zoning allows for office, retail, medical, restaurant, and more. The building includes two electric meters, two HVAC units, and one water meter, serviced by city water/sewer and FPL electric. Situated in the heart of Melbourne, it's within walking distance of the Eau Gallie Arts District (EGAD) and offers easy access to I-95, Wickham Road, US1, and beaches via Eau Gallie Boulevard. Nearby businesses include Intracoastal Brewing, Tomahawk Robotics, Sorensen Moving, and Squid Lips. The 0.16-acre lot (APN: 27-37-16-25-44-11) is privately owned. The asking price is $349,000 ($279.65/sq ft), with seller financing potentially available. This property is a prime location for a thriving business. Do not disturb tenants.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1952
Total area 1,248 SF
Lot 0.16 ac (6,970 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1512-1514 Harbor City Blvd Melbourne, FL 32935
Melbourne metro
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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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