10 E New Haven Ave - Retail FOR SALE


Melbourne, FL 32901- Downtown Melbourne
$4,900,000 USD
407-929-1355
10 E New Haven Ave, Melbourne, FL for Sale
$4,900,000 USD
Retail - FOR SALE
1/6
null | 6.06% Cap Rate

10 E New Haven Ave
Melbourne, FL 32901
Downtown Melbourne


HIGHLIGHTS

  • 13,000 SF Across Two Buildings: Well Laid Out Property on Nearly 1.5 Acres with High Visibility and Easy Access.
  • Hard Corner Location: Positioned at the Signalized Intersection of New Haven Ave & Babcock Street, with 62,000 + VPD.
  • 100% Occupied with NNN Leases: All Tenants are on Triple-Net Leases, Minimizing Landlord Responsibilities.
  • Recently Built: 62% of Center is New Construction Built in 2015/2017.
  • Upside Potential: Ability to Push Rents to Market or Re-Tenant at Higher Rates Over Time.
  • Stabilized Center With Long Term Leases: Reliable Income Stream with Limited Near Term Rollover Risk.

OVERVIEW

Marcus & Millichap’s TC Retail Group is  pleased to present a rare opportunity to acquire 10 E New Haven, a 13,000-square-foot retail and office asset spanning two buildings in the heart of Downtown Melbourne, Florida. The property sits on just under 1.5 acres at the hard corner of New Haven Avenue and Babcock Street, a signalized intersection with over 62,000 vehicles per day. Anchored by a diverse tenant mix with over 55% national tenancy, the asset is currently 100% occupied with long-term NNN leases in place, offering minimal landlord responsibilities and strong in-place cash flow. The property is offered below replacement cost, making it an attractive opportunity for investors seeking a stabilized, low-management asset with upside potential in a vibrant urban core. The center sits in the heart of Historic Downtown Melbourne, surrounded by walkable amenities, restaurants, entertainment venues, and waterfront access. The location is minutes from Melbourne Orlando International Airport, Florida Institute of Technology, and major employers such as L3Harris Technologies, Northrop Grumman, and Health First, supporting a strong daytime and residential population. Nearby national retailers include Publix, Walgreens, Starbucks, Cold Stone Creamery, Jersey Mike’s, and numerous boutique shops, reinforcing the district’s retail vibrancy and long-term demand.

FOR SALE DETAILS

PRICE

$4,900,000 USD

PRICE/SF

$1,026 USD /SF

CAP RATE

6.06%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Haven Plaza

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.48 AC

LAND SF

64,469 SF

ZONING

C2

APN/PARCEL ID

28-37-03-32-00005.0-0007.00

ASK ABOUT THIS PROPERTY

Tarek ChbeirMarcus & MillichapMore Info
407-929-1355

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Tarek ChbeirMarcus & MillichapMore Info
407-929-1355

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.