Shopping Neighborhood
New Haven Plaza
10 E New Haven Ave, Melbourne, FL 32901
Listing Price: $4,900,000
Investment Overview
Marcus & Millichap is pleased to present a rare opportunity to acquire 10 E New Haven, a 13,000-square-foot retail and office asset spanning two buildings in the heart of Downtown Melbourne, Florida. The property sits on just under 1.5 acres at the hard corner of New Haven Avenue and Babcock Street, a signalized intersection with over 62,000 vehicles per day.
Anchored by a diverse tenant mix with over 55% national tenancy, the asset is currently 100% occupied with long-term NNN leases in place, offering minimal landlord responsibilities and strong in-place cash flow. The property is offered below replacement cost, making it an attractive opportunity for investors seeking a stabilized, low-management asset with upside potential in a vibrant urban core.
The center sits in the heart of Historic Downtown Melbourne, surrounded by walkable amenities, restaurants, entertainment venues, and waterfront access. The location is minutes from Melbourne Orlando International Airport, Florida Institute of Technology, and major employers such as L3Harris Technologies, Northrop Grumman, and Health First, supporting a strong daytime and residential population.
Nearby national retailers include Publix, Walgreens, Starbucks, Cold Stone Creamery, Jersey Mike’s, and numerous boutique shops, reinforcing the district’s retail vibrancy and long-term demand.
New Haven Plaza
Investment Highlights
- 13,000 SF Across Two Buildings: Well Laid Out Property on Nearly 1.5 Acres with High Visibility and Easy Access.
- Hard Corner Location: Positioned at the Signalized Intersection of New Haven Ave & Babcock Street, with 62,000 + VPD.
- 100% Occupied with NNN Leases: All Tenants are on Triple-Net Leases, Minimizing Landlord Responsibilities.
- Over 55% National Tenancy: Anchored by a Strong Mix of National and Regional Tenants with Proven Track Records
- Stabilized Center With Long Term Leases: Reliable Income Stream with Limited Near Term Rollover Risk.
- Below Replacement Cost: Priced Significantly Under Today's Construction and Land Costs.
- Prime Downtown Location: Walkable, Amenity-Rich District Surrounded by Restaurants, Boutiques, Offices, and Residential Density.
- Strong Space Coast Market: High-Income Demographics, Expanding Employment Base, and Ongoing Revitalization Support Long-Term Demand.
Exclusively Listed By
Financing By
Listing Price: $4,900,000
Investment Highlights
- 13,000 SF Across Two Buildings: Well Laid Out Property on Nearly 1.5 Acres with High Visibility and Easy Access.
- Hard Corner Location: Positioned at the Signalized Intersection of New Haven Ave & Babcock Street, with 62,000 + VPD.
- 100% Occupied with NNN Leases: All Tenants are on Triple-Net Leases, Minimizing Landlord Responsibilities.
- Over 55% National Tenancy: Anchored by a Strong Mix of National and Regional Tenants with Proven Track Records
- Stabilized Center With Long Term Leases: Reliable Income Stream with Limited Near Term Rollover Risk.
- Below Replacement Cost: Priced Significantly Under Today's Construction and Land Costs.
- Prime Downtown Location: Walkable, Amenity-Rich District Surrounded by Restaurants, Boutiques, Offices, and Residential Density.
- Strong Space Coast Market: High-Income Demographics, Expanding Employment Base, and Ongoing Revitalization Support Long-Term Demand.
Investment Overview
Marcus & Millichap is pleased to present a rare opportunity to acquire 10 E New Haven, a 13,000-square-foot retail and office asset spanning two buildings in the heart of Downtown Melbourne, Florida. The property sits on just under 1.5 acres at the hard corner of New Haven Avenue and Babcock Street, a signalized intersection with over 62,000 vehicles per day. Anchored by a diverse tenant mix with over 55% national tenancy, the asset is currently 100% occupied with long-term NNN leases in place, offering minimal landlord responsibilities and strong in-place cash flow. The property is offered below replacement cost, making it an attractive opportunity for investors seeking a stabilized, low-management asset with upside potential in a vibrant urban core. The center sits in the heart of Historic Downtown Melbourne, surrounded by walkable amenities, restaurants, entertainment venues, and waterfront access. The location is minutes from Melbourne Orlando International Airport, Florida Institute of Technology, and major employers such as L3Harris Technologies, Northrop Grumman, and Health First, supporting a strong daytime and residential population. Nearby national retailers include Publix, Walgreens, Starbucks, Cold Stone Creamery, Jersey Mike’s, and numerous boutique shops, reinforcing the district’s retail vibrancy and long-term demand.
Exclusively Listed By
Financing By
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