$400,000
Melbourne, FL 32901
MLS# 967108
Status: Closed
2 baths | 2040 sqft
1 / 10
Property Description
PRICE REDUCED!!!! Excellent investment opportunity! This is currently classified as C-1 Neighborhood Zoning Commercial. This zoning allows for residential development, restaurant, fast food, office, medical, retail, or church. This was formally, a beauty supply business, and a restaurant. Currently, this building is split into 3 different retail units but can be reconfigured to meet your needs. This property is also located within 3/4 miles of the Florida Institute of Technology University. The main corridor is well traveled and centrally located. The City of Melbourne estimates the traffic flow to be approximately 10,000 vehicles a day. Buyer to verify.
Details
Maps
Location, Tax, and Legal
Tax Account: 2824120
Parcel Number: 28-37-10-00-00758.0-0000.00
General County Location: South
Tax Annual Amount: 3323.07
Tax Year: 2022
Tax Legal Description: PART OF N 1/2 OF NW 1/4 OF SE 1/4 AS DES IN ORB 2521 PG 1825 EXC ORB 5770 PG 1240
Directions: When entering from Babcock Street, go East on University Blvd. The building will be on your right. From US-1, go West on University Blvd. The building will be on your left.
General Property Information
Number Of Units Total: 1
Stories Total: 1
Building Area Total: 2040
Lot Size Acres: 0.6
Association YN: No
Property Use: C-RETAIL STORE - 1 UNIT (1100)
Water Body Access YN: No
Waterfront YN: No
Use Code: 11 / STORES, ONE STORY
List Price/SqFt: 196.08
Sold Price/SqFt: 196.08
Bathrooms Total: 2
Year Built: 1990
Remarks and Miscellaneous
Public Remarks: PRICE REDUCED!!!!
Excellent investment opportunity! This is currently classified as C-1 Neighborhood Zoning Commercial. This zoning allows for residential development, restaurant, fast food, office, medical, retail, or church.
This was formally, a beauty supply business, and a restaurant.
Currently, this building is split into 3 different retail units but can be reconfigured to meet your needs. This property is also located within 3/4 miles of the Florida Institute of Technology University.
The main corridor is well traveled and centrally located. The City of Melbourne estimates the traffic flow to be approximately 10,000 vehicles a day. Buyer to verify.
Construction Materials
Concrete: 1
Frame: 1
Stucco: 1
Wood Siding: 1
Other: 1
Cooling
Central Air: 1
Electric: 1
Exhaust Fan: 1
Current Use
Commercial: 1
Flooring
Tile: 1
Heating
Central: 1
Electric: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Other: 1
Parking Features
Parking Lot: 1
Possession
Close Of Escrow: 1
Income and Expenses
New Taxes Expense: 3323.07
Roof
Metal: 1
Rolled/Hot Mop: 1
Wood Truss/Raft: 1
Security Features
Smoke Detector(s): 1
Window Bars: 1
Sewer
Public Sewer: 1
Special Listing Conditions
City Jurisdiction: 1
Unit 1 Details
Unit ID: C-1
Annual Rent: 0
Unit SqFt: 2040
# Units (This Type): 1
Baths Total: 2
Furnished: Negotiable
Unit Remarks: 0
Utilities
Water Available: 1
Water Source
Public: 1
Showing Requirements
Lockbox: 1
Showing Service: 1
Building Features
% Air Conditioned or Heated: 100
Clear Ceiling Height: 12
Fenced: 1
Kitchen Facilities: 1
Private Restroom: 1
Sale Includes
Building & Land: 1
Furniture, Fixtures and Equipment: 1
Historical Information
Public Historical Remarks 2: Site Description-Other - Call Agent: Y, Site Description-Fenced: Y
Public Historical Remarks 3: Current Zoning: Commerical, Frontage Description: Business District, Legal/Misc-Home Warranty: No
Contract Information
Current Price: $400,000
Original List Price: 475000
Sold Price: $400,000
Status: Closed
Listing Contract Date: 2023-06-05
Property Sub Type: Business
Location Tax and Legal
Street Number: 665
Street Direction Prefix: E
Street Name: University
Street Suffix: Boulevard
County: Brevard
State: FL
Postal Code: 32901
MLS Area Major: 330 - Melbourne - Central
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2024-10-06T00:40:15Z
Major Change Type: Status Change
Price Change Timestamp: 2024-06-02T02:32:34Z
Status Change Timestamp: 2024-10-05
Purchase Contract Date: 2024-07-25
Close Date: 2024-10-04
Close Price: 400000
Property Features
Building Features: Fenced; Kitchen Facilities; Private Restroom
Construction Materials: Concrete; Frame; Stucco; Wood Siding; Other
Cooling: Central Air; Electric; Exhaust Fan
Current Use: Commercial
Flooring: Tile
Heating: Central; Electric
Listing Terms: Cash; Conventional
Lot Features: Other
Parking Features: Parking Lot
Possession: Close Of Escrow
Roof: Metal; Rolled/Hot Mop; Wood Truss/Raft
Sale Includes: Building & Land; Furniture, Fixtures and Equipment
Security Features: Smoke Detector(s); Window Bars
Sewer: Public Sewer
Showing Requirements: Lockbox; Showing Service
Special Listing Conditions: City Jurisdiction
Utilities: Water Available
Water Source: Public
Listing Office: America East Realty, Inc.
Last Updated: June - 28 - 2026
Information is deemed to be reliable, but is not guaranteed.