Entity Owned Property summary
This exceptional property at 1016 Brothers Avenue in Historic Downtown Melbourne, Florida, presents a unique investment opportunity. The two-story building, constructed in 1946, sits on a 6,098.4 square foot lot and boasts a total area exceeding 10,000 square feet. Originally operating as a hotel with 17 upstairs rooms and a ground floor bar, the building is currently in need of complete renovation. However, this presents a blank canvas for creative redevelopment, offering significant… potential for a variety of uses. The property's location within a designated Opportunity Zone provides attractive tax incentives for investors, further enhancing its appeal. Additionally, the City of Melbourne offers funding opportunities for business owners dedicated to revitalizing the downtown area, making this a compelling proposition for those seeking both financial advantages and the chance to contribute to the city's ongoing growth. The asking price for this prime piece of Melbourne real estate is $1,000,000. This is a rare chance to acquire a substantial property in a vibrant, up-and-coming area with significant potential for return on investment. The property's rich history and prime location combine to create an unparalleled opportunity for the right buyer. Don't miss this chance to shape the future of Historic Downtown Melbourne.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
The provisions of this district are intended to apply to an area intended to be developed and preserved as a major commercial center serving the commercial needs of the community and region as well as the motoring public…
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Alternative use
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