Shopping centers in Melbourne, Florida offer a unique investment opportunity, providing a stable source of income and potential for long-term growth. These properties can represent a variety of investment types, including retail, office, and mixed-use developments. Melbourne's shopping centers are characterized by their prime locations, with easy access to major highways and amenities such as the Melbourne Orlando International Airport, Florida Power and Light, and Spectrum. The city's strong economy, driven by major industries like healthcare, technology, and aerospace, also contributes to the appeal of shopping centers in the area. For example, the presence of companies like Harris Corporation, Northrop Grumman, and Embraer has created a demand for retail and office space. Additionally, Melbourne's educational institutions, such as Florida Institute of Technology and Eastern Florida State College, provide a steady stream of customers for shopping centers. The city's geography, with its tropical flora and scenic waterfront, also makes it an attractive location for businesses and residents alike. With its rich history, cultural events, and diverse retail sector, Melbourne is a great place for business and travel, attracting visitors and investors from around the world.
Currently, there are 4 shopping centers for sale in Melbourne, offering a range of investment opportunities. The average price per square foot for these properties is $195 USD, with an average size of 19,402 square feet. The largest shopping center available for sale has a total area of 34,984 square feet. In addition to shopping centers, Melbourne also offers a range of other investment opportunities, including restaurants, specialty properties, land, and office properties. For example, restaurants in Melbourne can benefit from the city's strong tourism industry, with attractions like the Brevard Zoo and Wickham Park drawing visitors from around the world. Specialty properties, such as the Historic Rossetter House Museum and the Liberty Bell Memorial Museum, offer unique investment opportunities in the city's cultural sector. Land for sale in Melbourne can be used for a variety of purposes, including residential and commercial development. Office properties in the city, such as those in the downtown area, offer a range of investment opportunities, from small startups to large corporations. Overall, Melbourne's diverse economy and range of investment opportunities make it an attractive location for investors and businesses alike.
What is the average cap rate for shopping centers in Melbourne?
The average cap rate for shopping centers in Melbourne is 7.05%, making it an attractive investment opportunity for those looking to capitalize on the city's growing retail sector, which is supported by a population of over 80,000 residents and a diverse range of local amenities, infrastructure, and businesses.
