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All Florida Realty
Headquarters:
Port St. Lucie FL 34952
866-873-5289
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1904 Municipal Ln,  Melbourne FL, 32901 (Active)
$569,900
|
2,656 sqft
|
MLS# 624917
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Last Updated: 6/18/2013 12:48 AM
Description for 1904 Municipal Ln Melbourne, FL 32901
Free standing building across from Melbourne City Hall. Current use is fully leased restaurant in thriving Downtown Melbourne. Lease expires late 2014. Option to renew for another 5 years. Approximately 8% CAP Rate. Close to City parking lot - 500 spaces. If tenant exercises option, owner receives good return on investment. If tenant leaves owner has one of only a few freestanding building in the Downtown area equipped as a restaurant. Ready for new tenant or other use.
Price
$569,900
Camps Plat Of Melbourne
Brevard
2,656 (approx)
624917
Active
Description
Free standing building across from Melbourne City Hall. Current use is fully leased restaurant in thriving Downtown Melbourne. Lease expires late 2014. Option to renew for another 5 years. Approximately 8% CAP Rate. Close to City parking lot - 500 spaces. If tenant exercises option, owner receives good return on investment. If tenant leaves owner has one of only a few freestanding building in the Downtown area equipped as a restaurant. Ready for new tenant or other use.
Listing Information
Property Type: Other
0.07 Acres 2,656 (approx)
Camps Plat Of Melbourne
City, Electric Water Heater
City Sewer
Single Phase, Electric
Food/Drink
Neighborhood
Room Information
Interior Features
Central Air
Central
Exterior / Lot Features
Parking
Lighted, On Street, Paved Driveway
None
CC3
Curb & Gutter, Sidewalks, Central Business District, In City
Driving Directions
From US 1/Highway 192-west on 192 to Municipal-south on Municipal -west side of street
Financial Considerations
283703FC000320000102
$4,320
2012
Listing Price History

Melbourne Real Estate

Melbourne is located in Florida. Melbourne, Florida 32901 has a population of  76,068.

The median household income in Melbourne, Florida 32901 is $42,463. The median household income for the surrounding county is $48,718 compared to the national median of $50,935. The median age of people living in Melbourne 32901 is 43.2 years.

Sales History
Tax Info
Listing Provided Courtesy Of: National Realty of Brevard
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Brevard County, Florida. Real estate listings held by brokerage firms other than Help-U-Sell are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Copyright 2011 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved.
Information is deemed reliable but is not guaranteed.

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