620 E New Haven Ave | Melbourne, FL 32901
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620 E New Haven Ave
Melbourne, FL 32901
Retail Property For Sale
Investment Highlights
- Downtown
- High Foot Traffic
- Historic District
Executive Summary
Meticulously maintained mixed-use building featuring FIVE apartments and TWO retail spaces. With annual income of gross income of $123,384, 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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,443 SF
Building Class
C
Year Built/Renovated
1954/2022
Price
£1,402,625
Price Per SF
£316
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.54
Lot Size
0.19 AC
Zoning
C3 - https://buildout.com/website/620ENewHaven-sale
Parking
9 Spaces (2.03 Spaces per 1,000 SF Leased)
Frontage
64 ft on East New Haven Avenue
Amenities
- 24 Hour Access
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 28-37-03-FC-00040.0-0007.00 | Improvements Assessment | £318,805 |
| Land Assessment | £196,929 | Total Assessment | £515,733 |
PROPERTY TAXES
Parcel Number
28-37-03-FC-00040.0-0007.00
Land Assessment
£196,929
Improvements Assessment
£318,805
Total Assessment
£515,733
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