Mar y Sol Properties

514 Loveridge Drive, Melbourne, FL 32935 (MLS# 956969)


$485,000
514 Loveridge Drive
Melbourne, FL 32935
MLS# 956969
Status: Closed
2038 sqft


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Property Description
This updated stand-alone building in Eau Gallie is available for lease/sale starting May 1st, 2023, and is ideal for professionals like lawyers, CPAs, massage therapists, chiropractors, and more! Features include 8 spacious offices, kitchen, reception/waiting area, 2 restrooms (incl. ADA), 3 signs, 9 parking spaces, and on street parking. New well pump and updated HVAC, metal roof, fencing, irrigation, landscaping, and exterior paint and conveniently located 200 ft from US-1, near Melbourne Airport and downtown. Possible owner financing with 20% down.

Details
Maps
Location, Tax, and Legal
Tax Account: 2725343
Parcel Number: 27-37-21-76-00004.0-0018.00
General County Location: Central
Tax Annual Amount: 2927.67
Tax Year: 2022
Tax Legal Description: LOVERIDGE HEIGHTS, ADDN 2 AMENDED PLAT OF PART OF LOT 18 BLK 4 AS DESC IN ORB 2925 PG 777
Directions: From Babcock turn left, drive 1/2 block to Loveridge Drive, turn left, building is first on the right.
General Property Information
Number Of Units Total: 1
Stories Total: 1
Building Area Total: 2038
Lot Size Acres: 0.32
Association YN: No
Property Use: C-OFFICE BUILDING - SINGLE TENANT - 1 STORY (1700)
Water Body Access YN: No
Waterfront YN: No
Use Code: 17 / OFFICE, ONE STORY
List Price/SqFt: 245.29
Sold Price/SqFt: 237.98
Year Built: 1952
Remarks and Miscellaneous
Public Remarks: This updated stand-alone building in Eau Gallie is available for lease/sale starting May 1st, 2023, and is ideal for professionals like lawyers, CPAs, massage therapists, chiropractors, and more! Features include 8 spacious offices, kitchen, reception/waiting area, 2 restrooms (incl. ADA), 3 signs, 9 parking spaces, and on street parking. New well pump and updated HVAC, metal roof, fencing, irrigation, landscaping, and exterior paint and conveniently located 200 ft from US-1, near Melbourne Airport and downtown. Possible owner financing with 20% down.
Construction Materials
Block: 1
Frame: 1
Stucco: 1
Cooling
Central Air: 1
Current Use
Commercial: 1
Flooring
Carpet: 1
Vinyl: 1
Heating
None: 1
Listing Terms
Cash: 1
Conventional: 1
Lease Option: 1
Lease Purchase: 1
Private Financing Available: 1
Possession
Close Of Escrow: 1
Roof
Aluminum: 1
Metal: 1
Security Features
Smoke Detector(s): 1
Sewer
Public Sewer: 1
Special Listing Conditions
Owner Licensed RE: 1
Presently Leased: 1
Utilities
Cable Available: 1
Other: 1
Water Source
Public: 1
Well: 1
Showing Requirements
24 Hour Notice: 1
Building Features
% Air Conditioned or Heated: 100
Clear Ceiling Height: 2038
Kitchen Facilities: 1
Lobby: 1
Lounge: 1
Medical: 1
Office: 1
Separate Office Area: 1
Ceiling Type
Drywall: 1
Wood Panel: 1
Location
Central Business District: 1
City: 1
Showing Considerations
Occupied: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 3: Legal/Misc-Home Warranty: No
Contract Information
Current Price: $485,000
Original List Price: 499900
Sold Price: $485,000
Status: Closed
Listing Contract Date: 2023-02-10
Property Sub Type: Business
Location Tax and Legal
Street Number: 514
Street Name: Loveridge
Street Suffix: Drive
County: Brevard
State: FL
Postal Code: 32935
MLS Area Major: 330 - Melbourne - Central
Subdivision Name: Loveridge Heights Addn 2 Amended Plat of
Status Change Information
Major Change Timestamp: 2023-04-22T00:17:35Z
Major Change Type: Status Change
Status Change Timestamp: 2023-04-21
Purchase Contract Date: 2023-04-17
Close Date: 2023-04-21
Close Price: 485000
Property Features
Building Features: Kitchen Facilities; Lobby; Lounge; Medical; Office; Separate Office Area
Ceiling Type: Drywall; Wood Panel
Construction Materials: Block; Frame; Stucco
Cooling: Central Air
Current Use: Commercial
Flooring: Carpet; Vinyl
Heating: None
Listing Terms: Cash; Conventional; Lease Option; Lease Purchase; Private Financing Available
Location: Central Business District
Possession: Close Of Escrow
Roof: Aluminum; Metal
Sale Includes: Building & Land
Security Features: Smoke Detector(s)
Sewer: Public Sewer
Showing Considerations: Occupied
Showing Requirements: 24 Hour Notice
Special Listing Conditions: Owner Licensed RE; Presently Leased
Utilities: Cable Available; Other
Water Source: Public; Well

Listing Office: Sell Street R.E. Advisors LLC

Last Updated: June - 15 - 2026

Information is deemed to be reliable, but is not guaranteed.