901 E New Haven Avenue, Melbourne, FL 32901

$2,300,000

Property Type: Commercial Sale Square Footage: 12,152 Lot Size (sq. ft.): 10,890 Status: Closed

Current Price: $2,300,000 List Date: 6/18/2021 Last Modified: 8/27/2025

Overview

Description

Restaurant/Bar/Retail in the heart of historical downtown Melbourne. Two stories with the first floor leased by a restaurant and upstairs leased for retail. 100% occupied and pro forma shows a 6.0 cap rate. Priced at only $200/ft this investment works on any measure! This is one of the most visible and highest traffic locations for walkers and shoppers in the county. There is parallel parking out front and this property includes a private parking lot behind it which is very rare for this area.

Listing Details MLS# 894458

General Property Information

Number Of Units Total: 3
Building Area Total: 12152
Year Built: 1956
Lot Size Acres: 0.25
Property Use: C-MIXED USE - COMMERCIAL PROPERTY (1210)
Use Code: 12 / COMMERCIAL, MIXED USE
Association YN: No
Water Body Access YN: No
List Price/SqFt: 189.27
Sold Price/SqFt: 189.27

Property Features

Cooling: Central Air Current Use: Commercial Electric: 100 Amp Service; 220 Volts Flooring: Tile; Other Heating: Central; Electric Listing Terms: Cash; Conventional; Lease Option Possession: Close Of Escrow Roof: Rolled/Hot Mop Sale Includes: Building & Land Sewer: Public Sewer Showing Requirements: Appointment Only; Call Listing Agent Utilities: Natural Gas Available Water Source: Public

Contract Information

Original List Price: 2300000
Listing Contract Date: 2021-01-15
Property Sub Type: Business

Location Tax and Legal

Street Number: 901
Street Direction Prefix: E
Street Name: New Haven
Street Suffix: Avenue
County: Brevard
State: FL
Postal Code: 32901
MLS Area Major: 330 - Melbourne - Central

Remarks and Miscellaneous

Public Remarks: Restaurant/Bar/Retail in the heart of historical downtown Melbourne. Two stories with the first floor leased by a restaurant and upstairs leased for retail. 100% occupied and pro forma shows a 6.0 cap rate. Priced at only $200/ft this investment works on any measure! This is one of the most visible and highest traffic locations for walkers and shoppers in the county. There is parallel parking out front and this property includes a private parking lot behind it which is very rare for this area.

Status Change Information

Major Change Timestamp: 2022-05-02T20:57:41Z
Major Change Type: Status Change
Status Change Timestamp: 2022-05-02
Purchase Contract Date: 2022-03-16
Close Date: 2022-05-02
Close Price: 2300000

More Information

Building Features

Clear Ceiling Height: 12152

Historical Information

Public Historical Remarks 3: Legal/Misc-Home Warranty: No

Location, Tax, and Legal

Tax Account: 2817162
Parcel Number: 28-37-03-Fc-00026.0-0004.01
General County Location: South
Tax Year: 2020
Tax Legal Description: CAMPS PLAT OF MELBOURNE W 38 FT OF LOT 4; E 15 FT OF LOT 5; W 60 FT OF LOT 7 BLK 5
Directions: At the stop sign intersection of New Haven and Municipal Ln. In the heart of downtown historical Melbourne.

Cooling

Central Air: Yes
Electric: Yes

Current Use

Commercial: Yes

Electric

100 Amp Service: Yes
220 Volts: Yes

Flooring

Tile: Yes
Other: Yes

Heating

Central: Yes
Electric: Yes

Listing Terms

Cash: Yes
Conventional: Yes
Lease Option: Yes

Possession

Close Of Escrow: Yes

Roof

Rolled/Hot Mop: Yes

Sewer

Public Sewer: Yes

Utilities

Natural Gas Available: Yes

Water Source

Public: Yes

Showing Requirements

Appointment Only: Yes
Call Listing Agent: Yes

Sale Includes

Building & Land: Yes

Listing Office: One Commercial Real Estate

Last Updated: August - 27 - 2025

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