911-919 E New Haven Avenue
Melbourne, FL 32901
MLS #: 1001219
Property Type: Multifamily
List Date: 01-05-2024
Year Built: 1920
8,607 Sq. Ft.
Property Description
Excellent opportunity to purchase a 5-unit mixed-use building in the heart of Downtown Melbourne! 911-919 New Haven has 2 commercial units + 2 residential units. 1st Floor = 1, 548 SF Ice Cream Store + 2, 169 SF Gift Shop. 2nd Floor = one 3/1 apartment + one 3/2 apartment. 2016 Melbourne Court is an 864 SF coffee shop. Est. proforma NOI is $142, 200 (6.5% CAP). High foot traffic area with exposure to est. 15, 000 VPD on New Haven Avenue. C3 Zoning allows Office, Retail, Short Term Rentals, Restaurants & more! Close proximity to Hotel Melby, Highline Apartments, and all of the other beaches, restaurants, and shopping that the area has to offer. Melbourne International Airport is less than a 10-minute drive away which is significant as TUI Airlines flies est. 156, 000 tourists to Melbourne annually. Call today for a tour!
911-919 E New Haven AvenueMelbourne, FL 32901
This listing is courtesy of The Ullian Realty Corporation.
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