653 E University Blvd Melbourne, FL 32901
Property profile & analytics
653 E University Blvd, Melbourne, FL 32901
- Grocery and convenience stores
- 3,120 SF
- 0.62 lot acres
Property ID
US18-5181948
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
- University Food Mart / Grocery & Convenience Store / Food Market
- bp / Car Wash
- U-Mart / Auto Repair Shop
Property Details for 653 E University Blvd
- Year built
- 1980
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.62 lot acres
- Zone code
- CC2
- Property type
- Grocery and convenience stores
- APN
- 28-37-10-00-00757.0-0000.00
- APU
- 9223372036854775807
Description
This exceptional investment opportunity presents a 27,007.2 sq ft property at 653 E University Boulevard, Melbourne, FL 32901. Built in 1980, this versatile property currently operates as a thriving convenience store and gas station, included in the sale price of $1,400,000. The property boasts a C-1 Neighborhood Zoning Commercial classification, offering flexibility for various uses including residential development, office, medical, and retail. Its strategic location, less than a mile from Florida Institute of Technology, places it on a high-traffic corridor with an estimated 10,000 vehicles daily (buyer to verify). The property consists of one unit situated on a substantial lot, presenting significant potential for growth and diverse income streams. This is a rare chance to acquire a turnkey business and prime real estate in a desirable location. The property's zoning allows for a wide range of development options, catering to various investment strategies. The high daily traffic count ensures strong visibility and potential for increased revenue. This is a unique opportunity to capitalize on a thriving business and a highly sought-after location in Melbourne, Florida.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $920,000
- ML approach
- $1,050,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $825,000
Market price range: $826k - $1.79M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Melbourne
- County
- Brevard
- State
- Florida
- Longitude
- -80.6101
- Latitude
- 28.0633
- 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
$6,972
$67,500
$223,130
$290,630
-
$67,500
$223,130
$290,630
