2261 New Hvn Ave West Melbourne, FL 32904-3805
Property profile & analytics
2261 New Hvn Ave, West Melbourne, FL 32904-3805
- Strip malls
- 2,800 SF
- 10.30 lot acres
Property ID
US18-5902647
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Strip malls
Property Details for 2261 New Hvn Ave
- Year built
- 1984
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 10.30 lot acres
- Zone code
- CP
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 28-37-06-00-00755.0-0000.00
- APU
- 9223372036854775807
Description
This exceptional investment opportunity presents a thriving Woody's Bar-B-Q franchise located at 2261 W New Haven Ave, West Melbourne, FL 32904. The property, situated on a sizable 10.3-acre lot, boasts a prime end-cap location within a Publix-anchored shopping center on heavily trafficked Highway 192. The single-story building, constructed in 1984, offers 4,000 square feet of well-maintained space. This established business has enjoyed nine years of successful operation, and the sale includes all furniture, fixtures, and equipment (FF&E). The asking price for this turnkey operation is $299,000. This represents a rare chance to acquire a profitable, established restaurant with significant growth potential in a high-traffic area. The property's size and location within a well-established shopping center provide excellent visibility and accessibility for customers. This is an ideal opportunity for an experienced restaurateur or investor seeking a proven business model in a desirable market. The property is located in Brevard County, Florida.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $620,000
- 6.5%
- $575,000
- 7%
- $535,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $611,000
Market price range: $202k - $612k -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $385,000 Current use
- COMMERCIAL (GENERAL)
- $865,000 Change: +126% Conversion: Easy
- AUTO REPAIR, GARAGE
- $625,000 Change: +63% Conversion: Difficult
- OFFICE BUILDING
- $570,000 Change: +48% Conversion: Moderate
- RETAIL STORES
- $480,000 Change: +25% Conversion: Easy
- MEDICAL BUILDING
- $450,000 Change: +17% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- West Melbourne
- County
- Brevard
- State
- Florida
- Longitude
- -80.6595
- Latitude
- 28.0778
- CBSA code
- 37340
- CBSA name
- PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$144,799
$3,026,920
$5,295,360
$8,322,280
-
$3,026,920
$5,295,360
$8,322,280
