$675,000
Palm Bay, FL 32905
MLS# 1059279
3 baths | 2108 sqft
1 / 7
Property Description
Two story retail plaza on the busy Palm Bay Rd, FULLY LEASED OUT! With high traffic counts, and a growing population! 2023 Metal Roof! This concrete block building is centrally located between interstate 95 & Highway US1. This property offers an outstanding opportunity for businesses seeking high visibility, prime access, and a strategic location in one of Florida's rapidly growing communities. The first floor is rented to a restaurant with a long term lease, the top floor is rented to a barber shop. Great opportunity for an investor looking to cash flow on day 1. The property features a large storefront with expansive windows, providing plenty of natural light and a welcoming environment. Ample parking is available for both customers and employees, and the surrounding area offers a mix of residential and commercial developments, ensuring a steady flow of potential customers.
Details
Maps
Contract Information
Comp Sale YN: No
Current Price: $675,000
Original List Price: 699000
List Price: $675,000
Status: Active
Listing Contract Date: 2025-10-10
Property Sub Type: Retail
Location, Tax, and Legal
Tax Account: 2831144
Parcel Number: 28-37-21-50-01692.0-0044.00
General County Location: South
Tax Annual Amount: 6932.7
Tax Year: 2024
Additional Parcels YN: No
Directions: From Interstate 95 take exit 176 and head east on Palm Bay Rd. The building will be on your right after you pass the Stack blvd light.
General Property Information
Number Of Units Total: 4
Stories Total: 2
Building Area Total: 2108
Building Area Source: Appraiser
Lot Size Acres: 0.21
Accessibility Features YN: No
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Land Lease YN: No
Senior Community YN: No
List Price/SqFt: 320.21
Bathrooms Total: 3
Year Built: 1988
Remarks and Miscellaneous
Public Remarks: Two story retail plaza on the busy Palm Bay Rd, FULLY LEASED OUT! With high traffic counts, and a growing population! 2023 Metal Roof! This concrete block building is centrally located between interstate 95 & Highway US1. This property offers an outstanding opportunity for businesses seeking high visibility, prime access, and a strategic location in one of Florida's rapidly growing communities. The first floor is rented to a restaurant with a long term lease, the top floor is rented to a barber shop. Great opportunity for an investor looking to cash flow on day 1. The property features a large storefront with expansive windows, providing plenty of natural light and a welcoming environment. Ample parking is available for both customers and employees, and the surrounding area offers a mix of residential and commercial developments, ensuring a steady flow of potential customers.
Construction Materials
Block: 1
Concrete: 1
Stucco: 1
Cooling
Central Air: 1
Electric: 1
Separate Meters: 1
Current Use
Retail: 1
Listing Terms
Cash: 1
Lot Features
Cleared: 1
Parking Features
Parking Lot: 1
Unassigned: 1
Possession
Close Of Escrow: 1
Income and Expenses
Gross Scheduled Income: 48000
Road Frontage Type
State Road: 1
Roof
Metal: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Tenant Pays
All Utilities: 1
Unit 1 Details
Unit ID: 1 & 2
Annual Rent: 30000
Unit SqFt: 1054
# Units (This Type): 2
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Restaraunt Use
Unit 2 Details
Unit ID: 3 & 4
Annual Rent: 18000
Unit SqFt: 1054
# Units (This Type): 2
Baths Total: 2
Furnished: Unfurnished
Unit Remarks: Barber Shop
Unit 3 Details
Unit ID: 0
Annual Rent: 0
Unit SqFt: 0
# Units (This Type): 1
Furnished: Unfurnished
Unit Remarks: 0
Unit 4 Details
Unit ID: 0
Annual Rent: 0
Unit SqFt: 0
Furnished: Unfurnished
Unit Remarks: 0
Utilities
Cable Available: 1
Electricity Connected: 1
Separate Electric Meters: 1
Separate Water Meters: 1
Sewer Connected: 1
Water Connected: 1
Water Source
Public: 1
Showing Requirements
Lockbox: 1
Showing Service: 1
Building Features
% Air Conditioned or Heated: 100
Office: 1
Private Restroom: 1
Restaurant: 1
Ceiling Type
Acoustic: 1
Existing Lease Type
Gross: 1
Sale Includes
Building & Land: 1
Location Tax and Legal
Street Number: 1504
Street Name: Palm Bay
Street Suffix: Road
Street Direction Suffix: NE
County: Brevard
State: FL
Postal Code: 32905
MLS Area Major: 340 - NE Palm Bay
Subdivision Name: Port Malabar Unit 33
Status Change Information
Major Change Timestamp: 2025-10-31T10:15:51Z
Major Change Type: Price Reduced
Price Change Timestamp: 2025-10-31T10:15:51Z
Status Change Timestamp: 2025-10-10
Property Features
Building Features: Office; Private Restroom; Restaurant
Ceiling Type: Acoustic
Construction Materials: Block; Concrete; Stucco
Cooling: Central Air; Electric; Separate Meters
Current Use: Retail
Existing Lease Type: Gross
Listing Terms: Cash
Lot Features: Cleared
Parking Features: Parking Lot; Unassigned
Possession: Close Of Escrow
Road Frontage Type: State Road
Roof: Metal
Sale Includes: Building & Land
Sewer: Public Sewer
Showing Requirements: Lockbox; Showing Service
Special Listing Conditions: Standard
Tenant Pays: All Utilities
Utilities: Cable Available; Electricity Connected; Separate Electric Meters; Separate Water Meters; Sewer Connected; Water Connected
Water Source: Public
Listing Office: Blue Marlin Real Estate
Last Updated: May - 07 - 2026
Information is deemed to be reliable, but is not guaranteed.