Cypress Plaza – 4-Property Portfolio 4 biens | Local commercial | À vendre | 2 281 226 € | Melbourne, FL

Cypress Plaza offers an exceptional opportunity in the heart of the revitalized Eau Gallie Arts District—a growing commercial and cultural hub on Florida’s Space Coast. With short-term leases currently in place, there is immediate upside potential to either re-lease at higher market rents or reposition the asset entirely. Cypress Plaza is ideally situated for value-add investors looking to capitalize on rising demand for flexible office and retail space in a high-growth, high visibility corridor.

Investment Highlights
Prime Location: Situated in the vibrant heart of the Eau Gallie Arts District (EGAD) — a recognized Florida Main Street with bustling foot traffic and strong city backing.
Mixed-Use Complex: A total of approximately 14,675 square feet across four buildings featuring 18 individual suites for office and retail use.
Current Income: Gross annual income stands at $218,509, with potential for growth through re-leasing and market adjustments.
Flexible Leasing: Short-term leases provide the opportunity to increase rents or reposition the asset as needed.
Rent Growth Potential: Comparable properties indicate potential rent increases of 10–15% or more across the portfolio.
High Visibility: The property boasts prominent frontage on Cypress Avenue, with convenient access to US1, I-95, and the Indian River Lagoon.
Surrounding Development: The area is seeing new growth, which will include hospitality retail and restaurant spaces.
Investment by City: Recent enhancements totaling $100,000 by the City of Melbourne have been made for EGAD infrastructure, streetscapes, and cultural initiatives.
Cultural Amenities: Nearby attractions such as 30+ murals, museums, cafes, and picturesque waterfront paths add to the appeal for long-term tenants.
(650) 787-7645 cell - Suzanne Mathieu or Mike Spetko (305) 799-8369
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