924-936 E New Haven Ave - Retail FOR SALE


Melbourne, FL 32901- Downtown Melbourne
$3,800,000 USD
954-820-7455
924-936 E New Haven Ave, Melbourne, FL for Sale
$3,800,000 USD
Retail - FOR SALE
1/13
null | 7.19% Cap Rate

924-936 E New Haven Ave
Melbourne, FL 32901
Downtown Melbourne


HIGHLIGHTS

  • 100% Leased Multi-Tenant Retail - Fully occupied with four established tenants, providing stable cash flow and minimized vacancy risk.
  • NNN Lease Structure • All tenants operate under triple net (NNN) leases, passing through expenses for taxes, insurance, and maintenance—maximizing NOI
  • Leases include attractive annual rent bumps ranging from 4% to 6%, offering built-in income growth and a natural hedge against inflation.
  • Prime Downtown Melbourne Location • Located along the highly trafficked New Haven Avenue corridor in Historic Downtown Melbourne
  • Dense and Affluent Demographics • Over 100,000 residents within a 5-mile radius and strong average household incomes support long-term retail demand.
  • High Visibility & Foot Traffic • Consistent pedestrian activity and strong street visibility in one of the city’s most visited districts.

OVERVIEW

924–936 E New Haven Avenue is a fully leased, multi-tenant retail property located in the heart of Historic Downtown Melbourne. The property totals 13,343 square feet across two buildings and features a strong mix of four tenants, including Aya Mediterranean Cuisine, Osuki Sushi, Cleopatra Ink, and Blindman Productions. All tenants are on NNN leases, providing steady income with minimal landlord responsibilities and built in annual rent increases of 4%–6%. Located along one of Downtown Melbourne’s most active corridors, the property enjoys excellent visibility, high foot traffic, and close proximity to the waterfront. The surrounding area is home to a variety of popular restaurants, shops, and nightlife, keeping the district vibrant throughout the day and evening. Downtown Melbourne continues to see strong momentum, driven by new residential development and a healthy local economy. With over 100,000 residents within a five-mile radius and solid household income levels, the property is well positioned for long-term tenant performance and rental growth. 924–936 E New Haven Avenue offers investors the rare chance to acquire a fully occupied, cash-flowing retail asset with minimal management requirements in one of the Space Coast’s most walkable and desirable downtown locations.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$285 USD /SF

CAP RATE

7.19%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

-

APN/PARCEL ID

28-37-03-FD-00020.0-0002.05

ASK ABOUT THIS PROPERTY

Dylan MorseFranklin StreetMore Info
954-820-7455

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Dylan MorseFranklin StreetMore Info
954-820-7455

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