620 E New Haven Avenue, Melbourne, FL 32901

$1,550,000

Virtual Tour

https://www.propertypanorama.com/instaview/spc/1033567

Property Type: Commercial Sale Baths: 7 Square Footage: 4,443 Lot Size (sq. ft.): 8,276 Status: Active

Current Price: $1,550,000 List Date: 7/01/2026 Last Modified: 7/03/2026

Overview

Description

Meticulously maintained mixed-use building featuring FIVE apartments and TWO retail spaces. With annual income of gross income of $122,552, 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.

Listing Details MLS# 1033567

General Property Information

Number Of Units Total: 7
Stories Total: 2
Bathrooms Total: 7
Building Area Total: 4443
Year Built: 1954
Lot Size Acres: 0.19
Water Body Access YN: No
List Price/SqFt: 348.86

Property Features

Building Features: Office; Private Restroom Construction Materials: Block; Concrete; Frame; Stucco Cooling: Varies by Unit Current Use: Mixed Use; Multi-Family; Residential; Retail Existing Lease Type: Gross; NN; NNN Fencing: Back Yard Heating: Varies by Unit Location: Central Business District Lot Features: Historic Area; Other Parking Features: Additional Parking; Other Possession: Close Of Escrow Sale Includes: Building & Land Sewer: Public Sewer Showing Requirements: Appointment Only; Call Listing Agent; Listing Agent Must Accompany Water Source: Public

Contract Information

Original List Price: 1750000
Listing Contract Date: 2025-01-08
Property Sub Type: Mixed Use

Location Tax and Legal

Street Number: 620
Street Direction Prefix: E
Street Name: New Haven
Street Suffix: Avenue
County: Brevard
State: FL
Postal Code: 32901
MLS Area Major: 330 - Melbourne - Central
Subdivision Name: Camps Plat of Melbourne

Remarks and Miscellaneous

Public Remarks: Meticulously maintained mixed-use building featuring FIVE apartments and TWO retail spaces. With annual income of gross income of $122,552, 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.

Status Change Information

Major Change Timestamp: 2026-07-01T14:54:05Z
Major Change Type: Status Change
Price Change Timestamp: 2025-07-15T18:59:02Z
Status Change Timestamp: 2026-07-01

More Information

Income and Expenses

Gross Income: 123384
Source of Expenses - Owner: 40% on expenses

Unit 1 Details

Unit ID: 101
Annual Rent: 2082.35
Furnished: Unfurnished

Unit 2 Details

Unit ID: 102
Annual Rent: 1750
Furnished: Unfurnished

Unit 3 Details

Unit ID: 104
Annual Rent: 1100
Furnished: Unfurnished

Unit 4 Details

Unit ID: 103
Annual Rent: 1400
Furnished: Unfurnished

Unit 5 Details

Unit ID: 202
Annual Rent: 650
Furnished: Unfurnished

Unit 6 Details

Unit ID: 201
Annual Rent: 1700
Furnished: Unfurnished

Unit 7 Details

Unit ID: 202
Annual Rent: 1600
Furnished: Unfurnished

Listing Office: Reach Commercial Real Estate

Last Updated: July - 03 - 2026

Information is deemed to be reliable, but is not guaranteed.