1565 Sarno Rd Melbourne, FL 32935-5222
Property summary
This exceptional investment opportunity presents a 4-unit commercial building totaling 4,786 square feet situated on a 26,571.6 square foot lot in the heart of Melbourne, Florida. The property, built in 1989 and renovated in 2017, boasts a Class B designation and features a mix of office and restaurant spaces. Three office units (1,125 SF, 1,243 SF, and 1,126 SF) are configured with reception areas, multiple private offices, and two restrooms each. One unit is currently leased to a chiropractor until October 31, 2024, while two others will be vacant at closing. A 1,292 square foot restaurant space, with seating for 65 (43 inside, 22 outside), is also available, currently leased until December 31, 2024. Each unit has separate electric and water meters. The restaurant includes an above-ground grease trap and piped underground natural gas. The property offers 24 paved, striped, and lighted parking spaces. Its prime location, just off Sarno Road, provides easy access to US1, Wickham Road, and I-95 via Eau Gallie Boulevard. The building's proximity to the Brevard County Tax Collector and Sheriff's Office adds to its strategic appeal. The asking price is $895,000, representing $187 per square foot and $223,750 per unit. The property is zoned City of Melbourne General Commercial (C-2). This is a rare opportunity to acquire a multi-tenant commercial property with immediate income potential and significant upside.
Property profile
VerifiedCap rate & NOI
Current use
-
Restaurant
-
Dental Office
-
Alternative Medicine Practice
-
Medical Clinic
-
Alternative Medicine Practice
Value estimations
Owner & transaction history
Zoning & alternative use
The provisions of this district are intended to apply to an area intended to be developed and preserved as a major commercial center serving the commercial needs of the community and region as well as the motoring public…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C2 · Melbourne, FLThe provisions of this district are intended to apply to an area intended to be developed and preserved as a major commercial center serving the commercial needs of the community and region as well as the motoring public…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C2 in Melbourne, FL.
Registration is required before the official district profile is shown.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.