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1590 Highland Avenue, Melbourne, FL – $1,200,000

  • 2 Baths
  • 7,175 Sqft
  • .2 Acres
  • 166 DOM
  • 2 Baths
  • 7,175 Sqft
  • .2 Acres
  • 166 DOM

1590 Highland Avenue

Amazing income producing opportunity located in the Historic Eau Gallie Art District. Busy and well established salon and spa on the first level and a 12 unit rooming house on the upper level, that includes a coin operated washer and dryer. The upstairs units work on transient leases, so there is little to no vacancy rate. All plumbing and electrical has been renewed. The roof was replaced in 2014. With a Cap Rate of 8.12%, this turn key investment is one of the highest yielding in Brevard.

Essential Information

  • MLS® #833214
  • Price$1,200,000
  • Bathrooms2.00
  • Square Footage7,175
  • Acres0.20
  • Year Built1927
  • TypeCommercial/Industrial
  • Sub-TypeCommercial
  • StyleCentral Business Dst
  • StatusActive

Community Information

  • Address1590 Highland Avenue
  • Area323 - Eau Gallie
  • SubdivisionNone
  • CityMelbourne
  • CountyBrevard
  • StateFL
  • Zip Code32935

Amenities

  • UtilitiesPublic Sewer, Cable, Telephone

Features

Private Restroom, Reception Area, Outside Storage, Rear Access, Laundry

Interior

  • InteriorLaminate, Tile, Wood
  • HeatingCentral, Central Individual
  • # of Stories2

Cooling

Central Building, Central Individual

Exterior

  • RoofFiberglass
  • ConstructionCBS

Additional Information

  • HOA Fees0.00

Listing Details

  • OfficeEXIT 1st Class Realty
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The information being provided by the Space Coast Association of REALTORS® is exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.