1220 New Hvn Ave West Melbourne, FL 32904-4000
This exceptional 11,770 square foot retail plaza presents a compelling investment opportunity in Brevard County. Built in 1984, the single-story building sits on a 1.34-acre lot (APN: 28-37-05-02-C-11) and is zoned C-NH, offering flexibility for a variety of retail uses. The property boasts a prominent corner location, ensuring high visibility and accessibility for potential tenants and customers. Currently, the plaza houses four suites, with one suite comprising 2,800 square feet currently available for lease. The existing tenants provide a diverse mix, enhancing the overall appeal and stability of the investment. The property features ample open space and allows for a variety of uses, making it an attractive option for both established businesses and new ventures. Monument signage is available, providing excellent branding opportunities for tenants. This well-maintained property offers a strong foundation for immediate income generation and long-term growth potential. The strategic location and versatile space make this a truly exceptional opportunity for investors seeking a high-return retail investment in a thriving market. The property's size and layout offer significant potential for expansion or redevelopment, further enhancing its investment value. This is a rare chance to acquire a well-positioned retail plaza with immediate income potential and significant upside.
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Isalis (Bike/Boat/Book/etc) Store
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Party City Party Supply Store (Bike/Boat/Book/etc) Store
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Skunk Funk Big Box & Wholesale Store
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Carl's Trading Co Hat Shop
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Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
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
C2 · West Melbourne, FLWest Melbourne. 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.