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Key Details
Sold Price $1,740,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 8,130 sqft
Price per Sqft $214
MLS Listing ID 1034632
Sold Date 05/09/25
Total Fin. Sqft 8130
Year Built 1958
Annual Tax Amount $11,561
Tax Year 2024
Lot Size 0.410 Acres
Acres 0.41
Property Sub-Type Retail
Source Space Coast MLS (Space Coast Association of REALTORS®)
Property Description
Introducing Relentless Plaza, a fully leased retail center delivering consistent income with a 7% cap rate. This property is home to five thriving businesses, including Melbourne Dance Wear, Frida's, Wayfast Signs, Compass Brevard Team, and Northboro Builders, making it a stable and diverse investment opportunity.
Strategically located in Midtown Melbourne, this property enjoys excellent visibility and high foot traffic, situated next to the popular Apocalypse Coffee. Its central location makes it a prime spot for local businesses to thrive and draw in customers from the surrounding area.
The plaza has been meticulously maintained, featuring a new roof, ensuring low maintenance costs and long-term durability. This well-positioned retail center is ideal for investors seeking a reliable and high-performing asset in the heart of a dynamic community.
Location
State FL
County Brevard
Area 330 - Melbourne - Central
Direction From Downtown Melbourne turn left onto South Harbor City Blvd. proceed to North Harbor City Blvd to the intersection of N Babcock and N Harbor City Blvd and the destination is on your left 442 N Harbor City Blvd
Exterior
Exterior Feature ExteriorFeatures
Parking Features Parking Lot
Garage No
Building
Lot Description Other
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 27-37-21-El-00000.0-0002.00
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Bought with Relentless Real Estate Co.
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