529 New Hvn Ave Melbourne, FL 32901-5461
This exceptional 1,426-square-foot restaurant is located at 529 E New Haven Avenue in the heart of historic Downtown Melbourne, Florida (zip code 32901). Built in 1926 and fully remodeled, this property boasts a Florida Keys-inspired design, blending historical character with modern sophistication. The interior features coastal colors and tropical touches, creating a relaxed and elegant atmosphere. The restaurant includes a state-of-the-art kitchen and bar equipped with the latest equipment, ensuring efficient and high-quality food and beverage service. A spacious outdoor dining area provides ample seating for guests to enjoy the Florida climate. The property is zoned C3 and includes a liquor license, enhancing its operational capabilities and appeal. Its prime location in Downtown Melbourne offers high visibility and foot traffic, situated within walking distance of the Hotel Melby (a 156-room hotel) and the Highline Apartment complex (175 units), ensuring a steady stream of potential customers. The asking price is $1,299,900, translating to $911.57 per square foot. This turnkey opportunity presents a unique blend of historical significance, modern amenities, and a highly desirable location, making it an attractive investment in the thriving Melbourne, Florida market. The property's net rentable square footage is 1,426 square feet.
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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
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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.