1584-1590 Highland Avenue Unit: 2

Melbourne, FL, 32935

$2,200,000

$306 per ft²
$2,200,000
$306 per ft²
Active
Active
 - For Sale
carpenters-square
7,175 ft²
property_type
Commercial
calendar
Built 1927
Exciting opportunity to own a unique income producing property and a piece of history in the booming Eau Gallie Arts District. Once the Amuse Theater and The Mathers Hotel from the early 1900s, this C3 zoned property is both commercial and mixed use. A great 1031 Exchange Opportunity. 100% occupied with stable leases. Proforma Net operating income (NOI) $159k a year (7.2% CAP). Busy and well established salon and medi spa on the 1st level and an 11 unit rooming house on the upper level, that would be a great Airbnb! All plumbing and electrical has been renewed. This fast growing area where you will find dozens of shops, art studios, eateries, bars, salons, events and more! Just 10 minutes to the Melbourne Airport, 50 min to the Orlando Airport, and 10 min to the Beaches, and Space center!
MLS® ID:
931777
Listed:
4/10/22
Updated:
8/10/22
Compass
Carpenter | Kessel Real Estate

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Floor Description
Laminate, Tile, Wood
Cooling
Central Building

Exterior/Building Features

Lot Size
8,712 ft² lot
Lot Details
Paved Street, Historic Area, Central Business Dst

Other Property Details

Area Name
323 - Eau Gallie
Taxes
$9572.78
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
Brevard
Utilities
Public Sewer, Public Water, Separate Meter
Pool
No
Total Stories
2

Broker Reciprocity Courtesy of One Sotheby's International

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Carpenter | Kessel Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2022 FL - MLS of South Brevard & the Space Coast Association of REALTORS (SPACE). All rights reserved.

Compass
Carpenter | Kessel Real Estate
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