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Investment Highlights
- Traffic Count est. 10,900 VPD
- Additional Parking Available (inquire)
- Corner Lot
Executive Summary
Prime Investment Opportunity in the Heart of Melbourne
Positioned in a central and accessible location, this well-maintained 3,266 sq ft property presents a rare opportunity for both investors and churches seeking a versatile, move-in-ready space. The building benefits from a Religious Zoning Exemption, opening the door to a variety of faith-based, community, and nonprofit uses while also offering strong long-term value for income-focused buyers.
Remodeled in 2021, the property has been thoughtfully updated and maintained, reducing immediate capital improvement needs and allowing new ownership to focus on growth and utilization from day one. Its layout and zoning flexibility make it ideal for congregational gatherings, ministry expansion, educational programs, or community outreach initiatives.
For investors, the property offers a unique niche asset with stable occupancy potential, appealing to religious organizations and nonprofits seeking established assembly space in a prime Melbourne location. For churches and ministries, this is an opportunity to secure a permanent home with room to serve, gather, and grow.
Key Highlights:
• 3,266 sq ft building in a central Melbourne location
• Religious Zoning Exemption in place
• Remodeled in 2021 – well maintained and move-in ready
• Suitable for worship services, classrooms, offices, and community programs
• Strong potential for long-term occupancy and mission-driven use
Whether you're expanding a ministry footprint or adding a specialized asset to your portfolio, this property offers location, flexibility, and immediate usability in one compelling package.
Positioned in a central and accessible location, this well-maintained 3,266 sq ft property presents a rare opportunity for both investors and churches seeking a versatile, move-in-ready space. The building benefits from a Religious Zoning Exemption, opening the door to a variety of faith-based, community, and nonprofit uses while also offering strong long-term value for income-focused buyers.
Remodeled in 2021, the property has been thoughtfully updated and maintained, reducing immediate capital improvement needs and allowing new ownership to focus on growth and utilization from day one. Its layout and zoning flexibility make it ideal for congregational gatherings, ministry expansion, educational programs, or community outreach initiatives.
For investors, the property offers a unique niche asset with stable occupancy potential, appealing to religious organizations and nonprofits seeking established assembly space in a prime Melbourne location. For churches and ministries, this is an opportunity to secure a permanent home with room to serve, gather, and grow.
Key Highlights:
• 3,266 sq ft building in a central Melbourne location
• Religious Zoning Exemption in place
• Remodeled in 2021 – well maintained and move-in ready
• Suitable for worship services, classrooms, offices, and community programs
• Strong potential for long-term occupancy and mission-driven use
Whether you're expanding a ministry footprint or adding a specialized asset to your portfolio, this property offers location, flexibility, and immediate usability in one compelling package.
Taxes & Operating Expenses (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$1,483
|
$0.41
|
| Operating Expenses |
$5,000
|
$1.38
|
| Total Expenses |
$6,483
|
$1.79
|
Taxes & Operating Expenses (Actual - 2026)
| Taxes | |
|---|---|
| Annual | $1,483 |
| Annual Per SF | $0.41 |
| Operating Expenses | |
|---|---|
| Annual | $5,000 |
| Annual Per SF | $1.38 |
| Total Expenses | |
|---|---|
| Annual | $6,483 |
| Annual Per SF | $1.79 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,630 SF
Building Class
C
Year Built
1958
Price
$550,000
Price Per SF
$151.52
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.30 AC
Zoning
BU-1 - Neighborhood Business District with EXRL - RELIGIOUS
Parking
10 Spaces (2.75 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Courtyard
- Pylon Sign
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 27-37-18-50-0000A.0-0004.00 | Total Assessment | $182,240 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | $1,483 ($0.41/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
27-37-18-50-0000A.0-0004.00
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$182,240 (2025)
Annual Taxes
$1,483 ($0.41/SF)
Tax Year
2026
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2787 Aurora Rd
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