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1363 Cypress Avenue
Melbourne, FL 32935
Asking Price
$1.90M
Asset Type
Shopping Center Retail
Class
Class B
What's Special
Retail | 13,675 SqFt <ul><li>Four buildings, side by side, in the heart of the Eau Gallie Arts District. One block off US-1 and Eau Gallie Boulevard, the busiest stretch in the area.</li><li>The cars are already there. 36,500 a day on US-1, 55,500 up toward Sarno. Eau Gallie Boulevard is the only bridge to Indian Harbour Beach in this stretch, so every commuter and beachgoer crosses right in front of you.</li><li>It's a district people want to be in. Galleries, restaurants, a walkable core two minutes out, and a
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NOI
$80,000
Cap Rate
4.21%
DSCR
0.71
Underwater
Cash-on-Cash
-5.75%
Monthly Payment
$9,400.163
Annual Cash Flow
$-32,801.96
