1024 S Harbor City Blvd., Melbourne, Florida 32901 Melbourne, FL 32901
- Strip malls
- 17,187 SF
- 1.02 lot acres
Current Use by Public Records
- Estate Sales By Southern Trading Company / Collectibles Store / Antique Store
- Happy Creations By Jessie Mae, Inc. / Furniture Store
- UpTown Vintage & Antique Market / Antique Store / Furniture Store
Property Details for 1024 S Harbor City Blvd., Melbourne, Florida 32901
- Year built
- 1958
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.02 lot acres
- Property size
- 17,187 SF
- Zone code
- C2
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 27-37-34-EP-0000A.0-0002.00
- APU
- 273734EP0000A0000200
Description
This renovated 16,270 square foot shopping center/storefront in Melbourne, Florida, presents a compelling investment opportunity. Located on US-1 (S Harbor City Blvd), just one mile north of the Melbourne Causeway Bridge, this property boasts high visibility and strong traffic counts. Built in 1958 and extensively renovated in 2023, the single-story building sits on a 1.02-acre lot (APN: 27-37-34-EP-A-2) and is zoned C-2. The property offers a mix of open floor plans, ideal for various retail uses, and includes convenient rear storage areas with roll-up doors for efficient loading and unloading. Its strategic location near the Melbourne-Orlando International Airport, Holmes Regional Medical Center, numerous auto dealerships, and the vibrant Downtown Melbourne area ensures a strong tenant base and high potential for return on investment. The asking price is $2,300,000 ($141.36/sq ft). This property is suitable for an owner-user seeking approximately 9,975 square feet with additional income-generating rental spaces, or for an investor looking to add value through new tenant acquisition. Don't miss this chance to acquire a versatile property in a thriving area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,020,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,280,000
- 6.5%
- $1,335,000
- 7%
- $1,340,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,480,000
- Geo Method
- $1,270,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,395,000
- Retail
- $1,490,000
- Mixed-Use
- $1,390,000
- Hospitality
- $1,130,000
- Educational
- $1,485,000
- Residential Income
- $1,495,000
- Energy
- $1,440,000
- Income-Based Land
- $1,485,000
- Food Service
- $1,180,000
Location Insight
- Map
- Local Demand
- City
- Melbourne
- County
- Brevard
- State
- Florida
- Longitude
- -80.6103
- Latitude
- 28.093
- CBSA code
- 37340
- CBSA name
- PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
