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.Mixed-use building in the downtown Melbourne core with two commercial suites and five apartments. Trailing twelve months to April 2026: $115,025 gross income, $42,711 operating expenses, $72,314 net operating income. Suite 101 is leased through July 2029 and Suite 102 through August 2027, both modified gross. The five apartments are on month-to-month terms. Unit 103, a studio of roughly 350 square feet, has been vacant since March 27, 2026, with nine applications in hand and a lease moving forward at $1,000 per month. In-place rent is $8,781.50 per month, or $9,781.50 with 103 leased. Under current ownership all roofs have been replaced in phases and HVAC has been replaced across every unit within the last one to three years. Windows are impact rated. Plumbing fixtures and electrical were updated during the hold, along with paint, the front patio, landscaping, and the parking lot.