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The Flatiron Building 927 E New Haven Ave 12,576 SF 99% Leased Office Building Melbourne, FL 32901 $3,394,919 ($269.95/SF) 8.25% Cap Rate
Investment Highlights
- Phenomenal Downtown Location – Positioned in the center of Downtown Melbourne, one of the most desirable and walkable districts
- High-Growth Space Coast Market – Melbourne continues to experience significant economic and population growth fueled by aerospace, technology
- Walkable Urban Environment – Steps away from popular restaurants, bars, boutiques, waterfront amenities, and community events
- Established Destination Tenants – Anchored by highly regarded local businesses including Crush XI and Neighborhood Barre, creating a strong draw
- Attractive Investment Return – The Flat Iron Building offers investors the opportunity to acquire a well-positioned asset with stable income
- Strong Demographics & Tourism Drivers – The surrounding area benefits from increasing household incomes, population growth, and continued investment
Executive Summary
Broker of Record
Kyle Matthews
License # BK3554632, CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # BK3554632, CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Building Size
12,576 SF
Building Class
B
Year Built
1926
Price
$3,394,919
Price Per SF
$269.95
Cap Rate
8.25%
NOI
$280,081
Percent Leased
99%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,192 SF
Building FAR
2.62
Lot Size
0.11 AC
Zoning
C-3 - General Commercial Zone
Amenities
- 24 Hour Access
- Bus Line
- Controlled Access
- Wi-Fi
- Hardwood Floors
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Crush XI Rustic American Cookery
- -
- -
- -
- -
- Neighborhood Barre
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Crush XI Rustic American Cookery | - | - | - | - | ||
| Neighborhood Barre | - | - | - | - |
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Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $1,554,880 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,554,880
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