$1,740,000
Melbourne, FL 32935
MLS# 1034632
Status: Closed
5 baths
1 / 20
Property Description
Introducing Relentless Plaza, a fully leased retail center delivering consistent income with a 7% cap rate. This property is home to five thriving businesses, including Melbourne Dance Wear, Frida's, Wayfast Signs, Compass Brevard Team, and Northboro Builders, making it a stable and diverse investment opportunity. Strategically located in Midtown Melbourne, this property enjoys excellent visibility and high foot traffic, situated next to the popular Apocalypse Coffee. Its central location makes it a prime spot for local businesses to thrive and draw in customers from the surrounding area. The plaza has been meticulously maintained, featuring a new roof, ensuring low maintenance costs and long-term durability. This well-positioned retail center is ideal for investors seeking a reliable and high-performing asset in the heart of a dynamic community.
Details
Maps
Location, Tax, and Legal
Tax Account: 2724228
Parcel Number: 27-37-21-El-00000.0-0002.00
General County Location: South
Tax Annual Amount: 11561
Tax Year: 2024
Tax Legal Description: BOTTS UNREC SUBD PART OF SE 1/4 AS DES IN DB 424 PG 251 BEING A PT OF BOTTS UNREC SUBD
Directions: From Downtown Melbourne turn left onto South Harbor City Blvd. proceed to North Harbor City Blvd to the intersection of N Babcock and N Harbor City Blvd and the destination is on your left 442 N Harbor City Blvd
General Property Information
Number Of Units Total: 6
Building Area Total: 8130
Lot Size Acres: 0.41
Water Body Access YN: No
List Price/SqFt: 214.02
Sold Price/SqFt: 214.02
Bathrooms Total: 5
Year Built: 1958
Remarks and Miscellaneous
Public Remarks: Introducing Relentless Plaza, a fully leased retail center delivering consistent income with a 7% cap rate. This property is home to five thriving businesses, including Melbourne Dance Wear, Frida's, Wayfast Signs, Compass Brevard Team, and Northboro Builders, making it a stable and diverse investment opportunity.
Strategically located in Midtown Melbourne, this property enjoys excellent visibility and high foot traffic, situated next to the popular Apocalypse Coffee. Its central location makes it a prime spot for local businesses to thrive and draw in customers from the surrounding area.
The plaza has been meticulously maintained, featuring a new roof, ensuring low maintenance costs and long-term durability. This well-positioned retail center is ideal for investors seeking a reliable and high-performing asset in the heart of a dynamic community.
Construction Materials
Concrete: 1
Stucco: 1
Lot Features
Other: 1
Parking Features
Parking Lot: 1
Sewer
Public Sewer: 1
Unit 1 Details
Unit ID: 442
Annual Rent: 25560
Unit SqFt: 1355
# Units (This Type): 1
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Melbourne Dance Wear
Unit 2 Details
Unit ID: 444
Annual Rent: 32484
Unit SqFt: 1355
# Units (This Type): 2
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Frida's
Unit 3 Details
Unit ID: 446
Annual Rent: 32484
Unit SqFt: 1355
# Units (This Type): 3
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Frida's
Unit 4 Details
Unit ID: 448
Annual Rent: 21216
Unit SqFt: 1355
# Units (This Type): 4
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Wayfast Signs
Unit 5 Details
Unit ID: 452
Annual Rent: 28716
Unit SqFt: 1355
# Units (This Type): 5
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Compass Brevard Team
Unit 6 Details
Unit ID: 324
Annual Rent: 14400
Unit SqFt: 1355
# Units (This Type): 6
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Northboro Builders
Water Source
Public: 1
Sale Includes
Building & Land: 1
Contract Information
Current Price: $1,740,000
Original List Price: 1740000
Sold Price: $1,740,000
Status: Closed
Listing Contract Date: 2025-01-17
Property Sub Type: Retail
Location Tax and Legal
Street Number: 442
Street Direction Prefix: N
Street Name: Harbor City
Street Suffix: Boulevard
County: Brevard
State: FL
Postal Code: 32935
MLS Area Major: 330 - Melbourne - Central
Status Change Information
Major Change Timestamp: 2025-05-14T15:43:49Z
Major Change Type: Status Change
Status Change Timestamp: 2025-05-14
Purchase Contract Date: 2025-04-15
Close Date: 2025-05-09
Close Price: 1740000
Property Features
Construction Materials: Concrete; Stucco
Lot Features: Other
Parking Features: Parking Lot
Sale Includes: Building & Land
Sewer: Public Sewer
Water Source: Public
Listing Office: Relentless Real Estate Co.
Last Updated: May - 14 - 2025
Information is deemed to be reliable, but is not guaranteed.