1905 S. Municipal Lane, Melbourne, FL
Shopping Center for Sale - $550,000 - 4,060 Sq. Ft. on 0.12 acres
Property Info
| CIMLS# | 970484 |
| Location 1905 S. Municipal Lane Melbourne FL 32901 | |
| Updated | December 1st, 2017 |
| Type | Shopping Center |
| Price | $550,000 |
| Building | 4,060 Sq. Ft. |
| Land | 0.12 acres |
Property Description
Fully leased, 3 tenant retail building in the heart of downtown Melbourne. Upside on rent when leases expire.
Location Description:
Located in the heart of downtown Melbourne. Highly visible from Strawbridge Ave. Across the street from Backwater Grill, Melbourne City Hall and the city parking garage.
Highlights:
>> $36,143 NOI
>> 6.6% cap rate
>> 3 tenant spaces
>> Across from the city parking garage
>> Popular destination area for retail shops and restaurants
>> Upside on under market rents
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