1406 Highland Ave Melbourne, FL 32935
- Strip malls
- 5,373 SF
- 0.20 lot acres
Current Use by Public Records
- Strip malls
Property Details for 1406 Highland Ave
- Year built
- 1951
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.20 lot acres
- Property size
- 5,373 SF
- Zone code
- C3
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 27-37-16-25-00023.0-0009.01
- APU
- 9223372036854775807
Description
This exceptional 1,850 square foot retail space is ideally situated in the vibrant heart of EGAD, boasting a prime location amongst numerous restaurants, shops, and a bustling park area that hosts frequent events. The single-tenant property sits on a 0.2-acre lot (APN: 27-37-16-25-00023.0-0009.01) and offers a versatile layout perfect for a variety of uses. The space features a large, open storefront with ample windows providing excellent natural light and visibility. Inside, you'll find a couple of smaller private offices, a convenient kitchen/breakroom, and another spacious open area in the rear. A significant advantage is the private rear parking area accessible through a dedicated rear entrance, offering both convenience and exclusivity. This property presents a fantastic opportunity for a small restaurant, retail store, or office space seeking high visibility and a thriving location within a dynamic community. The property's versatile design and prime location make it an exceptional investment opportunity. The combination of high foot traffic, proximity to amenities, and the unique features of the space make this a truly remarkable offering.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,150,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,565,000
- 6.5%
- $1,505,000
- 7%
- $1,625,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,370,000
- Geo Method
- $1,425,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,515,000
- Retail
- $1,475,000
- Mixed-Use
- $1,760,000
- Hospitality
- $1,685,000
- Educational
- $1,700,000
- Residential Income
- $1,670,000
- Energy
- $1,415,000
- Income-Based Land
- $1,900,000
- Food Service
- $1,390,000
Location Insight
- Map
- Local Demand
- City
- Melbourne
- County
- Brevard
- State
- Florida
- Longitude
- -80.6271
- Latitude
- 28.1298
- CBSA code
- 37340
- CBSA name
- PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
