918 E New Haven Ave

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918 E New Haven Ave

melbourne, FL 32901
Asking Rate
Contact for rate
Asset Type
Retail
Class
Class B

What's Special

918 E New Haven Avenue is situated in the heart of Downtown Melbourne, Florida. This location is characterized by a historic, walkable neighborhood featuring a mix of local boutiques, dining establishments, and professional offices. The property is positioned near the intersection of New Haven Avenue and US Highway 1, providing convenient access to major regional thoroughfares and proximity to the Melbourne Causeway. Public parking options and high pedestrian traffic define the immediate surroundings. The physical layout and high-visibility street frontage make this retail asset suitable for specialty boutiques, art galleries, or cafe concepts. The typical tenant profile includes independent retailers or consumer services looking to leverage the area's consistent foot traffic and tourism. The vibrant urban environment supports businesses that benefit from evening dining crowds and local community events held throughout the downtown district.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

Location & Travel Times