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Property profile & analytics
OFF-MARKET
Commercial real estate

1987 Highland Ave Melbourne, FL 32935

Property ID
US18-4496417
Property summary
AI-generated overview

This exceptional .2-acre property at 1987 Highland Avenue in Melbourne, Florida (zip code 32935), offers a unique investment opportunity. The 2700 square foot building, constructed in 2013, currently features four bedrooms and three and a half bathrooms, but its C1 zoning allows for a wide range of commercial uses. Situated in the vibrant Historic Eau Gallie Arts District, this single-tenant building presents a versatile space ideal for various businesses. Potential uses include a high-end spa, salon, fitness studio, physician's office, professional office, art gallery, vacation rental, or assisted living facility. The property boasts ample parking for six vehicles on the parcel. The existing structure provides a solid foundation for immediate occupancy or renovation, depending on the chosen commercial venture. The property's location within the Arts District offers high visibility and access to a thriving community. The lot size of 0.2 acres provides ample space for outdoor amenities or expansion. The APN is 27-37-16-25-00010.0-0002.00. This is a single-story building with a pool. Don't miss this chance to acquire a versatile commercial property in a desirable location.

Property profile
Verified
Property type Commercial real estate
UPID US18-4496417
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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