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1584 Highland Avenue, Melbourne, FL – $1,150,000

  • $1.2M Price
  • 7,175 Sqft
  • .2 Acres
  • 135 DOM
  • $1.2M Price
  • 7,175 Sqft
  • .2 Acres
  • 135 DOM

1584 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® #861388
  • Price$1,150,000
  • Bathrooms0.00
  • Square Footage7,175
  • Acres0.20
  • Year Built1927
  • TypeCommercial/Industrial
  • Sub-TypeCommercial
  • StyleCentral Business Dst
  • StatusActive

Community Information

  • Address1584 Highland Avenue
  • Area323 - Eau Gallie
  • CityMelbourne
  • StateFL
  • Zip Code32935


  • UtilitiesPublic Sewer


Laundry, Public Restroom, Reception Area, Separate Office Area, Storage, Meeting Room, Outside Storage, Rear Access


  • InteriorTile, Wood, Laminate
  • HeatingCentral, Central Individual
  • # of Stories2


Central Individual, Central Building


  • RoofFiberglass
  • ConstructionBrick, CBS

Additional Information

  • HOA Fees0.00

Listing Details

  • OfficeEXP Realty LLC
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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.