$2,200,000
Melbourne, FL 32904
MLS# 977519
Status: Closed
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Property Description
Stunning class A building in prime location off Evans and west of the Melbourne Square Mall. Daily traffic count is 17,000+ from Evans Rd & 33,000+ from W. New Haven Ave only .25 miles away. The property consists of 3 offices (separately metered), 60 parking spaces with ample spill over parking, entire roof was replaced between 2020-2021, newer HVAC with high end finishes. Currently marketing the smaller units (102 &103) for long term tenants unless a buyer wishes to take occupancy. The current practice in 101 plans to sign a 3-5 year lease prior to the sale of the property. Gross income is based off current market leases and projections. Make your appointment today.
Details
Maps
Location, Tax, and Legal
Tax Account: 2858401
Parcel Number: 28-37-06-00-00034.0-0000.00
General County Location: South
Tax Annual Amount: 17046
Tax Year: 2021
Tax Legal Description: PART OF LOT 32 & PART OF LOT 25 OF SEC 5 ALL OF PB 1 PG 164 AS DESC IN ORB 4284 PG 3540
Directions: From 192 turn north on Evans Rd. The property sits on the West end of Melbourne Square Mall next to El Chico's restaurant.
General Property Information
Number Of Units Total: 3
Building Area Total: 8005
Lot Size Acres: 1.06
Association YN: No
Property Use: C-PROFESSIONAL BUILDING - MULTI TENANT - 1 STORY (1910)
Water Body Access YN: No
Waterfront YN: No
Use Code: 19 / PROFESSIONAL BUILDING
List Price/SqFt: 374.77
Sold Price/SqFt: 274.83
Year Built: 2002
Remarks and Miscellaneous
Public Remarks: Stunning class A building in prime location off Evans and west of the Melbourne Square Mall. Daily traffic count is 17,000+ from Evans Rd & 33,000+ from W. New Haven Ave only .25 miles away. The property consists of 3 offices (separately metered), 60 parking spaces with ample spill over parking, entire roof was replaced between 2020-2021, newer HVAC with high end finishes. Currently marketing the smaller units (102 &103) for long term tenants unless a buyer wishes to take occupancy. The current practice in 101 plans to sign a 3-5 year lease prior to the sale of the property. Gross income is based off current market leases and projections. Make your appointment today.
Construction Materials
Block: 1
Cooling
Central Air: 1
Electric: 1
Flooring
Carpet: 1
Laminate: 1
Vinyl: 1
Wood: 1
Heating
Central: 1
Electric: 1
Listing Terms
Cash: 1
Conventional: 1
Lease Option: 1
Lease Purchase: 1
Private Financing Available: 1
Possession
Close Of Escrow: 1
Negotiable: 1
Income and Expenses
Gross Scheduled Income: 192000
Insurance Expense: 9413
Maintenance Expense: 0
Net Operating Income: 151370
New Taxes Expense: 16364
Other Expense: 1200
Supplies Expense: 0
Trash Expense: 884
Security Features
Smoke Detector(s): 1
Utilities
Other: 1
Water Source
Public: 1
Showing Requirements
Call Listing Agent: 1
Listing Agent Must Accompany: 1
Building Features
Clear Ceiling Height: 8329
Lobby: 1
Office: 1
Reception Area: 1
Ceiling Type
Acoustic: 1
Operating Expense Includes
Accounting: 1
Legal: 1
Utilities: 1
Sale Includes
Building & Land: 1
Contingency Reason
Waiting for Signatures: 1
Historical Information
Public Historical Remarks 3: Frontage Description: City Road, Expenses-Utilities: 2820, Expenses-Maint & Repair: 4000, Expenses-Accounting & Legal: 1500, Legal/Misc-Home Warranty: No, Acctg & Legal: 1500, Utilities: 2820, Maint & Repair: 8450
Contract Information
Current Price: $2,200,000
Original List Price: 3000000
Sold Price: $2,200,000
Status: Closed
Listing Contract Date: 2023-10-09
Property Sub Type: Office
Location Tax and Legal
Street Number: 1747
Street Name: Evans
Street Suffix: Road
County: Brevard
State: FL
Postal Code: 32904
MLS Area Major: 330 - Melbourne - Central
Status Change Information
Major Change Timestamp: 2024-03-18T17:08:28Z
Major Change Type: Status Change
Status Change Timestamp: 2024-03-18
Purchase Contract Date: 2024-01-12
Close Date: 2024-03-15
Close Price: 2200000
Property Features
Building Features: Lobby; Office; Reception Area
Ceiling Type: Acoustic
Construction Materials: Block
Cooling: Central Air; Electric
Flooring: Carpet; Laminate; Vinyl; Wood
Heating: Central; Electric
Listing Terms: Cash; Conventional; Lease Option; Lease Purchase; Private Financing Available
Operating Expense Includes: Accounting; Legal
Possession: Close Of Escrow; Negotiable
Sale Includes: Building & Land
Security Features: Smoke Detector(s)
Showing Requirements: Call Listing Agent; Listing Agent Must Accompany
Utilities: Other
Water Source: Public
Contingency Reason: Waiting for Signatures
Listing Office: ITG Realty
Last Updated: November - 02 - 2024
Information is deemed to be reliable, but is not guaranteed.