$2,150,000
Melbourne, FL 32935
MLS# 882847
Status: Closed
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Property Description
Incredible investment opportunity in the heart of Melbourne near the growing Eau Gallie Arts District. This Income-producing, professional office building is 22,000 sqft and situated on 1.77 acres off Eau Gallie Blvd. With high traffic count and great exposure, this well-maintained building boosts 7 suites that are 100% leased with long-term, established tenants. Each suite has a private front and back entrance and 1-2 private bathrooms in each suite . Suite I includes a loading dock and 2 large bay doors. Conveniently located near the Melbourne Airport, US 1, I95, the Beaches, and the growing Space Industry. Prime location in a strong and continually growing county only 45 minutes from Orlando. Rent rolls and financials available upon request. Floor plans and property video available.
Details
Maps
Location, Tax, and Legal
Tax Account: 2716893
Parcel Number: 27-37-16-25-00000.0-0001.02
General County Location: Central
Tax Annual Amount: 27863.4
Tax Year: 2020
Tax Legal Description: EAU GALLIE, VILLAGE PLAT OF PART OF OUTLOT 1 AS DESC IN ORB 2956 PG 1969
Directions: US1 or I95 to Eau Gallie. 1020 Just West of US1 and between Eau Gallie and Creel St.
General Property Information
Number Of Units Total: 7
Building Area Total: 22130
Lot Size Acres: 1.77
Association YN: No
Property Use: C-OFFICE BUILDING - MULTI TENANT - 1 STORY (1710)
Water Body Access YN: No
Use Code: 17 / OFFICE, ONE STORY
List Price/SqFt: 109.35
Sold Price/SqFt: 97.15
Year Built: 1999
Remarks and Miscellaneous
Public Remarks: Incredible investment opportunity in the heart of Melbourne near the growing Eau Gallie Arts District. This Income-producing, professional office building is 22,000 sqft and situated on 1.77 acres off Eau Gallie Blvd. With high traffic count and great exposure, this well-maintained building boosts 7 suites that are 100% leased with long-term, established tenants. Each suite has a private front and back entrance and 1-2 private bathrooms in each suite . Suite I includes a loading dock and 2 large bay doors. Conveniently located near the Melbourne Airport, US 1, I95, the Beaches, and the growing Space Industry. Prime location in a strong and continually growing county only 45 minutes from Orlando. Rent rolls and financials available upon request. Floor plans and property video available.
Cooling
Central Air: 1
Electric: 1
Current Use
Commercial: 1
Flooring
Other: 1
Heating
Central: 1
Electric: 1
Listing Terms
Lease Option: 1
Possession
Close Of Escrow: 1
Security Features
Smoke Detector(s): 1
Sewer
Public Sewer: 1
Special Listing Conditions
Corporate Owned: 1
Water Source
Public: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Building Features
Clear Ceiling Height: 22130
Loading Dock: 1
Existing Lease Type
Gross: 1
Sale Includes
Building & Land: 1
Contract Information
Current Price: $2,150,000
Original List Price: 2450000
Sold Price: $2,150,000
Status: Closed
Listing Contract Date: 2020-08-14
Property Sub Type: Business
Location Tax and Legal
Street Number: 1020
Street Direction Prefix: W
Street Name: Eau Gallie
Street Suffix: Boulevard
County: Brevard
State: FL
Postal Code: 32935
MLS Area Major: 323 - Eau Gallie
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2023-11-11T09:37:00Z
Major Change Type: Price Reduced
Price Change Timestamp: 2021-05-17T16:42:24Z
Status Change Timestamp: 2021-12-04
Purchase Contract Date: 2021-10-27
Close Date: 2021-11-19
Close Price: 2150000
Property Features
Building Features: Loading Dock
Cooling: Central Air; Electric
Current Use: Commercial
Existing Lease Type: Gross
Flooring: Other
Heating: Central; Electric
Listing Terms: Lease Option
Possession: Close Of Escrow
Sale Includes: Building & Land
Security Features: Smoke Detector(s)
Sewer: Public Sewer
Showing Requirements: Appointment Only; Call Listing Agent
Special Listing Conditions: Corporate Owned
Water Source: Public
Listing Office: Denovo Realty
Last Updated: November - 02 - 2024
Information is deemed to be reliable, but is not guaranteed.