1406 Highland Ave Melbourne, FL 32935-6519
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.
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
C3 · Melbourne, FLMelbourne. 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.