620 E New Haven Ave - Storefront Retail/Residential FOR SALE


Melbourne, FL 32901- Downtown Melbourne
$1,750,000 USD
321-300-4773
620 E New Haven Ave, Melbourne, FL for Sale
$1,750,000 USD
Storefront Retail/Residential - FOR SALE
1/15
null | Request Cap Rate

620 E New Haven Ave
Melbourne, FL 32901
Downtown Melbourne


HIGHLIGHTS

  • Downtown
  • Historic District
  • High Foot Traffic

OVERVIEW

Meticulously maintained mixed-use building featuring FIVE apartments and TWO retail spaces. With annual income of gross income of $122,552, blending both residential and commercial income, gross and NNN, this property offers a diverse and stable revenue stream. The building has undergone extensive recent renovations, including a roof replacement, fresh paint, new impact-rated windows, a new front patio, landscaping improvements, parking lot replacement, and new air conditioning units. These comprehensive upgrades position the property for long-term, profitable holding with minimal near-term capital expenditures.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$292 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

C3

APN/PARCEL ID

28-37-03-FC-00040.0-0007.00

ASK ABOUT THIS PROPERTY

Cassandra HartfordREACH Commercial Real EstateMore Info
321-300-4773

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Cassandra HartfordREACH Commercial Real EstateMore Info
321-300-4773

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