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    1220 New Hvn Ave West Melbourne, FL 32904-4000

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    1220 New Hvn Ave West Melbourne, FL 32904-4000


    • Strip malls
    • 13,841 SF
    • 1.34 lot acres
    Off-Market
    Property ID
    US18-1832646
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $585,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 1220 New Hvn Ave

    Year built
    1984
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.34 lot acres
    Property size
    13,841 SF
    Zone code
    C2
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    28-37-05-02-0000C.0-0011.00
    APU
    283705020000C0001100

    Description

    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.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      ML approach
      $360,000
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $399,000
      Market price range: $399k - $1.13M

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    West Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6419
    Latitude
    28.0791
    CBSA code
    37340
    CBSA name
    PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $12,749
    $535,370
    $22,470
    $557,840
    -
    $535,370
    $22,470
    $557,840
    More about this property
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