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    FOR SALE
    Commercial real estate

    690 Thomas Barbour Dr, Melbourne, FL 32935

    Built 1951
    Property ID
    US18-2840903
    Property summary
    AI-generated overview

    This exceptional single-tenant office building at 690 Thomas Barbour Drive in Melbourne, Florida, presents a unique investment opportunity. Built in 1951, the property boasts a generous 10,018.8 square foot lot, offering ample space and potential for expansion or redevelopment. Currently configured as a single-unit office space, it's ideally suited for a business seeking a prominent location in the desirable Ballard Park area. The property's zoning allows for single-tenant office use, providing flexibility for a variety of business types. Its convenient location offers easy access to beaches, river boat launches, tennis courts, shopping, and dining, making it an attractive proposition for both employees and clients. The asking price is $399,000. This property presents a rare chance to acquire a well-situated office building in a thriving Florida community, with the potential to tailor the space to meet specific business needs. The property's existing structure provides a solid foundation for immediate occupancy or a comprehensive renovation to create a modern and efficient workspace. The ample lot size allows for future expansion or the addition of complementary structures. Located in Brevard County, Florida, with a zip code of 32935, this property offers a blend of established charm and convenient access to a wide range of amenities.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1951
    UPID US18-2840903
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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