$3,200,000
Melbourne, FL 32901
MLS# 898109
Status: Closed
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Property Description
Centrally located professional Office/medical building. Fantastic location near Melbourne Airport, Downtown, the Hospital, with easy access to the beaches and to I-95. Excellent investment property with a Cap rate of 7.5
Details
Maps
Location, Tax, and Legal
Tax Account: 2818352
Parcel Number: 28-37-04-01-0000d.0-0001.00
General County Location: South
Tax Annual Amount: 34493.3
Tax Year: 2020
Tax Legal Description: MAGNOLIA HEIGHTS LOTS 1 TO 14 BLK D
Directions: From Babcock, take Hibiscus west. Building is on the left.
General Property Information
Number Of Units Total: 1
Building Area Total: 26276
Lot Size Acres: 1.96
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: 127.45
Sold Price/SqFt: 121.78
Year Built: 1981
Remarks and Miscellaneous
Public Remarks: Centrally located professional Office/medical building. Fantastic location near Melbourne Airport, Downtown, the Hospital, with easy access to the beaches and to I-95. Excellent investment property with a Cap rate of 7.5
Cooling
Central Building: 1
Current Use
Commercial: 1
Electric
100 Amp Service: 1
150 Amp Service: 1
200+ Amp Service: 1
Flooring
Other: 1
Heating
Central: 1
Listing Terms
Lease Option: 1
Possession
Close Of Escrow: 1
Showing Requirements
Appointment Only: 1
Building Features
Clear Ceiling Height: 26276
Sale Includes
Building & Land: 1
Contract Information
Current Price: $3,200,000
Original List Price: 3349000
Sold Price: $3,200,000
Status: Closed
Listing Contract Date: 2021-02-26
Property Sub Type: Business
Location Tax and Legal
Street Number: 129
Street Direction Prefix: W
Street Name: Hibiscus
Street Suffix: Boulevard
County: Brevard
State: FL
Postal Code: 32901
MLS Area Major: 330 - Melbourne - Central
Subdivision Name: Magnolia Heights
Status Change Information
Major Change Timestamp: 2022-02-14T20:16:33Z
Major Change Type: Status Change
Status Change Timestamp: 2022-02-14
Purchase Contract Date: 2021-08-07
Close Date: 2022-02-11
Close Price: 3200000
Property Features
Cooling: Central Building
Current Use: Commercial
Electric: 100 Amp Service; 150 Amp Service; 200+ Amp Service
Flooring: Other
Heating: Central
Listing Terms: Lease Option
Possession: Close Of Escrow
Sale Includes: Building & Land
Showing Requirements: Appointment Only
Listing Office: JM Real Estate
Last Updated: November - 02 - 2024
Information is deemed to be reliable, but is not guaranteed.