Melbourne, FL Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Melbourne, Florida Market population: 850K. Compare commercial properties across all major asset classes with...

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Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

$2,450,000

Miami Multifamily (Condo)

Discover a prime investment opportunity at 136 NW 26th St in Miami, Florida. This Class B multifamily condo property, bu...

Cap Rate %

NOI $0

Size 30,000 SF

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📊 Avg Property Tax Rate For Melbourne FL Properties: 0.7200%

📊 Average Income For Melbourne FL Commercial Property: $63,200

Investor Questions For Melbourne FL

Common questions from investors exploring commercial real estate in Melbourne FL.

What's the overall investment outlook for this city? +

The 22.5% poverty rate combined with 85% health insurance coverage suggests a working-class market with employment stability, while the $83,000 average household income and 0.42 gini coefficient indicate a relatively stable economy with opportunities for growth, particularly in the top industries of healthcare and technology.

How does the city's demographic diversity impact rental demand? +

The city's foreign-born rate of 25% and top ethnicities of Asian, Hispanic, and African American populations suggest a diverse and vibrant community, which can drive rental demand, especially when combined with a strong employment market in industries like manufacturing and education, and a relatively low median property value of $280,000.

What are the key factors influencing property appreciation in this city? +

The median property value of $280,000, combined with a median property tax of $2,500 and a homeownership rate of 60%, suggests a relatively affordable market with room for appreciation, particularly when considering the 29-minute average commute time and the fact that 75% of the population uses public transit, indicating a well-connected and convenient location.

How can investors assess the quality of tenants in this market? +

The 22.5% poverty rate and 85% health insurance coverage, along with a median age of 35 and an employed population of 92%, suggest a working-class market with employment stability, which can lead to more reliable tenants, and the city's diversity, with top ethnicities of Asian, Hispanic, and African American populations, can also contribute to a vibrant and stable community.

What role do commute times and transportation options play in the city's investment potential? +

The 29-minute average commute time and the fact that 75% of the population uses public transit, along with a 10% bike-to-work rate, indicate a well-connected and convenient location, which can increase property values and attract renters, particularly in a city with a strong employment market in industries like healthcare and technology, and a relatively high average household income of $83,000.

Melbourne FL Real Estate & City Facts

Key facts and real estate information about Melbourne FL.

What are some of the best neighborhoods to live in Melbourne? +

Some of the best neighborhoods to live in Melbourne, FL include Suntree, Viera, Indialantic, West Melbourne, and Eau Gallie. These neighborhoods offer a range of housing options, amenities, and proximity to the city's attractions and employment opportunities.

What are some fun things to do in Melbourne? +

Melbourne, FL offers a variety of fun things to do, including visiting the Brevard Zoo, Sebastian Inlet State Park, and the Kennedy Space Center. You can also enjoy outdoor activities like fishing, golf, and snorkeling, or explore the city's beaches, antique stores, and restaurants.

What is the food scene like in Melbourne? +

The food scene in Melbourne, FL is diverse and vibrant, with a range of restaurants serving everything from fresh seafood to Mediterranean cuisine. Some popular restaurants include Hemingway's Tavern, Lily's Mediterranean Fresh Grill, and Melbourne Seafood Station. There are also plenty of great food trucks and casual eateries to try.

What are the pros and cons of living in Melbourne? +

The pros of living in Melbourne, FL include its beautiful beaches, outdoor recreational opportunities, and a growing economy with major employers like NASA and Northrop Grumman. However, some cons include the city's vulnerability to hurricanes, traffic congestion, and a relatively high cost of living. Overall, Melbourne is a great place to live for those who value a relaxed, coastal lifestyle and are willing to tolerate some of the challenges that come with it.

Is Melbourne a good place to live? +

Melbourne, FL is a good place to live for people who enjoy a relaxed, coastal lifestyle and are looking for a city with a strong sense of community. While it has its challenges, including traffic and hurricanes, the city's many amenities, outdoor recreational opportunities, and growing economy make it an attractive option for many people. Ultimately, whether Melbourne is a good place to live depends on your individual priorities and preferences.

Melbourne, FL Commercial Investment Properties for Sale

Don’t just search properties. See why investors choose REI Capital.

Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

📊 Avg Property Tax Rate For Melbourne FL Properties: 0.7200%

📊 Average Income For Melbourne FL Commercial Property: $63,200

Investor Questions For Melbourne FL

Melbourne FL Real Estate & City Facts

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