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

$3,800,000 USD

Freestanding For Sale  •  13,343 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 13,343 SF
  • Lot Size 0.38 AC
  • Building Class B
  • Year Built 1925
  • Cap Rate 7.34 %
  • Tenancy Multiple
  • Zoning B-3
0 Transit Score
79 Walk Score

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

Property Flyers

Cap Rate: 7.34 %

Public Transportation

AirportDriveWalkDistance
Melbourne Orlando International 11 min - 3.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 26
Type: Surface
Included in Rent: Yes
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