Property summary
This exceptional 1.09-acre commercial property, located at 2051 N. Harbor City Blvd in Melbourne, FL (32935), presents a unique investment opportunity. Boasting 17,020 square feet of space across two buildings, this property enjoys a prime corner location on US-1, benefiting from high visibility and accessibility with over 30,000 vehicles passing daily. Currently configured as a retail space and warehouse, the property features 11,642 square feet of retail area, a 4,640 square foot warehouse, and a 774 square foot mezzanine. The warehouse includes two 10'x10' overhead roll-up truck doors with truck wells. Ceiling heights range from 10 feet in the showroom to 20 feet in the warehouse, with eave/building heights of 12-20 feet. The property also includes a paved parking lot with 25 spaces. Recent improvements include a roof coating (2021) and six air conditioning units (three installed in 2023, three in 2013). The property is zoned C-1, allowing for a wide range of uses including general retail, restaurants, medical facilities, various housing types (single-unit, senior, student), bed and breakfasts, hotels/motels, offices, and research and development. The asking price is $2,200,000 ($129.26/sq ft). The property is currently 100% occupied, with the occupancy date expiring November 22, 2024. Built in 1979 and renovated in 1985, this property offers significant potential for a variety of commercial ventures. A current appraisal is available. The owner has operated the retail showroom and warehouse for over 50 years and the property will be cleared upon sale.
Property profile
VerifiedCap rate & NOI
Current use
-
Home Decor Store Department Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The provisions of this district are intended to apply to an area adjacent to arterial and major collector streets and convenient to major residential areas. The types of uses permitted are intended to serve consumer need…
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
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
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
C1 · Melbourne, FLThe provisions of this district are intended to apply to an area adjacent to arterial and major collector streets and convenient to major residential areas. The types of uses permitted are intended to serve consumer need…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The provisions of this district are intended to apply to an area adjacent to arterial and major collector streets and convenient to major residential areas. The types of uses permitted are intended to serve consumer need…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C1 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.
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Property Information
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight