$1,200,000
Satellite Beach, FL 32937
MLS# 938738
Status: Closed
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Property Description
Unique investment opportunity with ocean view located diagonal to Pelican Beach Park! Building is zoned 'Mixed Use' and currently has 3 business leases and three residential units creating a diversified steady flow of income. Current tenants have been there many years. Add on 3rd story for even more income! Live in one and use another for your business in the high traffic location. The possibilities are endless in this hidden beachside gem.
Details
Maps
Location, Tax, and Legal
Tax Account: 2705961
Parcel Number: 27-37-01-00-00278.0-0000.00
General County Location: Central
Tax Annual Amount: 8573.58
Tax Year: 2021
Tax Legal Description: PT OF GOVT LOT 2 W OF HWY AS DES IN ORB 1217 PG 566 & ORB 1641 PG 649 EX ORB 4031 PG 1599 PAR 281.1
Directions: Across the street from Pelican Beach Park in Satellite Beach on A1A, next to CVS.
General Property Information
Number Of Units Total: 6
Stories Total: 2
Building Area Total: 5600
Lot Size Acres: 0.41
Association YN: No
Property Use: C-MIXED USE - COMMERCIAL PROPERTY (1210)
Water Body Access YN: No
Use Code: 12 / COMMERCIAL, MIXED USE
List Price/SqFt: 241.07
Sold Price/SqFt: 214.29
Year Built: 1973
Remarks and Miscellaneous
Public Remarks: Unique investment opportunity with ocean view located diagonal to Pelican Beach Park! Building is zoned 'Mixed Use' and currently has 3 business leases and three residential units creating a diversified steady flow of income. Current tenants have been there many years. Add on 3rd story for even more income! Live in one and use another for your business in the high traffic location. The possibilities are endless in this hidden beachside gem.
Construction Materials
Block: 1
Concrete: 1
Cooling
Central Air: 1
Current Use
Commercial: 1
Multi-Family: 1
Electric
100 Amp Service: 1
150 Amp Service: 1
200+ Amp Service: 1
Flooring
Laminate: 1
Tile: 1
Heating
Central: 1
Listing Terms
Cash: 1
Conventional: 1
Lease Option: 1
Possession
Negotiable: 1
Security Features
Firewall(s): 1
Smoke Detector(s): 1
Sewer
Public Sewer: 1
Special Listing Conditions
City Jurisdiction: 1
Presently Leased: 1
Utilities
Cable Available: 1
Other: 1
Water Source
Public: 1
Showing Requirements
Showing Service: 1
Building Features
Outside Storage: 1
Rear Access: 1
Storage: 1
Ceiling Type
Drywall: 1
Suspended: 1
Location
Beach Area: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 3: Legal/Misc-Home Warranty: No
Contract Information
Current Price: $1,200,000
Original List Price: 1350000
Sold Price: $1,200,000
Status: Closed
Listing Contract Date: 2022-06-23
Property Sub Type: Business
Location Tax and Legal
Street Number: 1592
Street Name: Highway A1a
County: Brevard
State: FL
Postal Code: 32937
MLS Area Major: 382-Satellite Bch/Indian Harbour Bch
Status Change Information
Major Change Timestamp: 2023-03-06T12:33:50Z
Major Change Type: Status Change
Status Change Timestamp: 2023-03-06
Purchase Contract Date: 2022-07-15
Close Date: 2023-03-03
Close Price: 1200000
Property Features
Building Features: Outside Storage; Rear Access; Storage
Ceiling Type: Drywall; Suspended
Construction Materials: Block; Concrete
Cooling: Central Air
Current Use: Commercial; Multi-Family
Electric: 100 Amp Service; 150 Amp Service; 200+ Amp Service
Flooring: Laminate; Tile
Heating: Central
Listing Terms: Cash; Conventional; Lease Option
Location: Beach Area
Possession: Negotiable
Sale Includes: Building & Land
Security Features: Firewall(s); Smoke Detector(s)
Sewer: Public Sewer
Showing Requirements: Showing Service
Special Listing Conditions: City Jurisdiction; Presently Leased
Utilities: Cable Available; Other
Water Source: Public
Listing Office: International Advantage Realty
Last Updated: November - 02 - 2024
Information is deemed to be reliable, but is not guaranteed.