Property Listing No Longer Available for Sale

1905 S. Municipal Lane, Melbourne, FL

Shopping Center for Sale - $550,000 - 4,060 Sq. Ft. on 0.12 acres

Property Info

  1905 S. Municipal Lane
  Melbourne FL 32901
UpdatedDecember 1st, 2017
TypeShopping Center
Building4,060 Sq. Ft.
Land0.12 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.


>> $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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