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Property profile & analytics
OFF-MARKET
Turn key restaurants

529 New Hvn Ave Melbourne, FL 32901-5461

1,854 SF 0.17 ac lot Built 1926
Entity Owned 1-yr Hold Free & Clear
Property ID
US19-0499757
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1926
Construction WOOD
Total area 1,854 SF
Lot 0.17 ac (7,405 SF)
Zoning code C3
APN 28-37-03-76-00001.0-0014.00
UPID US19-0499757
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
Current use
Occupant on record · Public records
  • Della Danley Alternative Medicine Practice Spa & Massage Center
  • Alligator Reef Club Restaurant
  • Carol B. Todisco Alternative Medicine Practice
  • Della R. Danley, LMT Alternative Medicine Practice Spa & Massage Center
  • Denise Boehm, MS Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
529 New Haven LLC · 1 yrs held
529 New Haven LLC
since 2025
Last sale
$650,000
3 recorded transactions
2025
$650,000
2004
$250,000
1969
Price N/A
Zoning & alternative use
C3 · Melbourne, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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