961 Eau Gallie Blvd Melbourne, FL 32937

Property Details for 961 Eau Gallie Blvd

Year built

1986

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

6.87 lot acres

Property size

56,927 SF

Zone code

CP

Property type

Strip malls

Property subtype

Neighborhood centers

APN

27-37-13-00-00268.0-0000.00

APU

9223372036854775807

Description

Ocean Springs Shopping Center presents a unique investment opportunity in Brevard County. This single-story, 123,258 square foot, grocery-anchored shopping center boasts a prime location directly across from Melbourne Beach, offering exceptional visibility and accessibility. The center features a Winn-Dixie anchor tenant, ensuring consistent foot traffic and strong consumer draw. A diverse range of co-tenants, including Dollar Tree, Texas Roadhouse, Firehouse Subs, and Sally Beauty, cater to a broad customer base, creating a synergistic retail environment. Currently, one retail space of 1,500 square feet is available, ideal for a variety of businesses. The center's strategic location at the corner of Collins Avenue and E. Eau Gallie Boulevard benefits from high traffic counts, with Collins Avenue boasting 27,000 AADT and Eau Gallie Boulevard registering 24,000 AADT. The surrounding neighborhoods are densely populated, providing a substantial customer base for the center's tenants. The high geographic barriers to entry, due to the beachfront location, further enhance the property's value and long-term potential. This is a rare opportunity to acquire a space within a thriving, well-established shopping center in a highly desirable coastal location. The property's strong tenant mix, high traffic counts, and prime location make it an attractive investment for discerning buyers.

Location Insight

City

Indian Harbour Beach

County

Brevard

State

Florida

Longitude

-80.5838

Latitude

28.1368

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments