620 E New Haven Ave

Historic Downtown Melbourne is a thriving destination, with an impressive array of 288 businesses within a one-mile radius. The area features a diverse mix of 45 dining establishments, 47 shopping venues, 9 unique experiences, and numerous professional offices. The district's cultural appeal is enhanced by 18 captivating murals, 6 art galleries, and 2 theaters, creating an immersive and culturally rich ambiance that draws customers from throughout Brevard County. The property benefits from strong demographics, with a population of 169,000 residents within a 15-minute drive. The average household income in the area is $85,883, projected to reach $99,247 by 2028 according to US Census - Esri forecasts. This demographic profile attracts a diverse audience, from young and well-compensated 'knowledge-economy' professionals and families to affluent retirees, ensuring a consistent flow of potential customers and tenants.Meticulously maintained mixed-use building featuring five apartments and two retail spaces. With annual income of gross income of $122,552, blending both residential and commercial income, gross and NNN, this property offers a diverse and stable revenue stream. The building has undergone extensive recent renovations, including a roof replacement, fresh paint, new impact-rated windows, a new front patio, landscaping improvements, parking lot replacement, and new air conditioning units. These comprehensive upgrades position the property for long-term, profitable holding with minimal near-term capital expenditures.