$3,100,000
Cocoa Beach, FL 32931
MLS# 867261
Status: Closed
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Property Description
On the very best corner of downtown Cocoa Beach.; Entire Building is over 12,690 sq.ft. Over 5000 sq.ft Restaurant and jazz bar with All equipment, inventory, furnishings and SRX license go with the sale. 2nd set of units is 159-163 Minutemen Cswy. 8 Units in all. Currently all leased but 1. See attachments for more information. You can't beat this location!
Details
Maps
Location, Tax, and Legal
Tax Account: 2517497
Parcel Number: 25-37-11-Db-00100.0-0010.00
General County Location: Central
Tax Year: 2019
Tax Legal Description: COCOA BEACH, 1ST ADDN TO LOTS 10, 11, 12 EXC E 2 INCHES OF LOT 10 BLK 100
Directions: South on A1A from 520, continue south past split, property on left corner of Minutemen Causeway and Orlando.
General Property Information
Number Of Units Total: 8
Stories Total: 1
Building Area Total: 12692
Lot Size Acres: 0.42
Association YN: No
Property Use: C-RETAIL STORE - MULTIPLE UNITS (1110)
Water Body Access YN: No
Waterfront YN: No
Use Code: 11 / STORES, ONE STORY
List Price/SqFt: 307.28
Sold Price/SqFt: 244.25
Year Built: 1961
Remarks and Miscellaneous
Public Remarks: On the very best corner of downtown Cocoa Beach.; Entire Building is over 12,690 sq.ft. Over 5000 sq.ft Restaurant and jazz bar with All equipment, inventory, furnishings and SRX license go with the sale. 2nd set of units is 159-163 Minutemen Cswy. 8 Units in all. Currently all leased but 1. See attachments for more information. You can't beat this location!
Cooling
Central Air: 1
Current Use
Commercial: 1
Flooring
Carpet: 1
Tile: 1
Heating
Central: 1
Listing Terms
Cash: 1
Conventional: 1
Lease Option: 1
Possession
Close Of Escrow: 1
Income and Expenses
Gross Scheduled Income: 229200
Insurance Expense: 15000
Net Operating Income: 192000
New Taxes Expense: 14000
Roof
Rolled/Hot Mop: 1
Steel Joist: 1
Security Features
Smoke Detector(s): 1
Special Listing Conditions
Presently Leased: 1
Water Source
Public: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Location
Beach Area: 1
Shopping Center: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 3: Expenses-Utilities: 9000
Contract Information
Current Price: $3,100,000
Original List Price: 4100000
Sold Price: $3,100,000
Status: Closed
Listing Contract Date: 2020-02-03
Property Sub Type: Business
Location Tax and Legal
Street Number: 7,15,17,19
Street Direction Prefix: N
Street Name: Orlando And 159 Minutemen
Street Suffix: Avenue
County: Brevard
State: FL
Postal Code: 32931
MLS Area Major: 272 - Cocoa Beach
Status Change Information
Major Change Timestamp: 2023-11-11T09:36:45Z
Major Change Type: Price Reduced
Price Change Timestamp: 2020-12-17T15:33:26Z
Status Change Timestamp: 2021-08-26
Purchase Contract Date: 2021-05-25
Close Date: 2021-08-25
Close Price: 3100000
Property Features
Cooling: Central Air
Current Use: Commercial
Flooring: Carpet; Tile
Heating: Central
Listing Terms: Cash; Conventional; Lease Option
Location: Beach Area; Shopping Center
Possession: Close Of Escrow
Roof: Rolled/Hot Mop; Steel Joist
Sale Includes: Building & Land
Security Features: Smoke Detector(s)
Showing Requirements: Appointment Only; Call Listing Agent
Special Listing Conditions: Presently Leased
Water Source: Public
Listing Office: Coldwell Banker Realty
Last Updated: November - 02 - 2024
Information is deemed to be reliable, but is not guaranteed.