1605 Lake Street and 716 Columbus Ave

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1605 Lake Street and 716 Columbus Ave

Melbourne, FL 32901
Asking Price
$2.75M
Asset Type
Industrial
Class
Class B

What's Special

Situated at 1605 Lake Street and 716 Columbus Avenue, this industrial property is located within a established commercial pocket of Melbourne, Florida. The site offers proximity to well-traveled corridors and local amenities including retail centers and dining options along the nearby U.S. 1. Its central position provides efficient transportation access to the Melbourne Orlando International Airport and major regional thoroughfares like Interstate 95, facilitating logistical connectivity throughout Brevard County and the Space Coast. The property is suited for a variety of industrial applications, including light manufacturing, warehousing, and distribution services. Its layout and location cater to a typical tenant profile ranging from local trade contractors and automotive specialists to regional logistics firms requiring functional storage and operational space. The dual-tax-parcel configuration offers flexibility for businesses seeking and an accessible hub within an active industrial submarket.

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NOI
$80,000
Cap Rate
2.91%
DSCR
0.49
Underwater
Cash-on-Cash
-10.09%
Monthly Payment
$13,605.5
Annual Cash Flow
$-83,265.995

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