101 Florida Ave Melbourne, FL 32901-8301
University Plaza, a vibrant 6,500 square foot strip center in Melbourne's desirable C2 zoned area, presents a fantastic retail or restaurant opportunity. This 2007-built property boasts a prime location just blocks from Florida Institute of Technology (FIT), a nationally recognized university with over 3,600 students, ensuring a consistent flow of potential customers. The property offers one immediately available space of 1,500 square feet, the minimum divisible size, with a maximum contiguous space also of 1,500 square feet. Situated on a substantial 37,462 square foot lot, the plaza provides ample parking for both tenants and customers. Benefit from excellent visibility and signage opportunities, including building and monument signage. The plaza enjoys a strategic location off Babcock Street, a major north-south thoroughfare in southern Brevard County, conveniently positioned next to a Walmart Neighborhood Market, further enhancing its accessibility and foot traffic. This presents a unique chance to establish a thriving business in a high-traffic area with a strong student population and established retail presence. The property is located in the Melbourne submarket of Brevard County.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
C1 · Melbourne, FLMelbourne. Always verify with local authorities before improvements.
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.