$1,390,000
Indialantic, FL 32903
MLS# 1027495
Status: Closed
2 baths
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1 / 19
Property Description
Introducing an exceptional investment opportunity at 960 and 980 North Highway A1A, located with high visibility off A1A in the vibrant community of Indialantic Florida. This impressive .91-acre lot is zoned BU-1, allowing for a variety of commercial uses, making it ideal for diverse business ventures or redevelopment. The first building, formerly known as the iconic Petrillo's restaurant, spans an expansive 3,521 square feet. This space offers ample room for creative transformation, whether you envision a bustling eatery, a retail hub, or a service-oriented business. The second structure, features 2,940 square feet, providing further versatility for community-focused enterprises or additional commercial endeavors. With its proximity to A1A, the site attracts significant foot and vehicle traffic, making it an ideal spot for visibility and accessibility. Don't miss your chance to invest in a property that combines historical charm with modern potential.
Details
Maps
Documents
Location, Tax, and Legal
Tax Account: 2731676
Parcel Number: 27-38-31-Ew-0000e.0-0011.00
General County Location: South
Tax Annual Amount: 6640.33
Tax Year: 2023
Tax Legal Description: NORTH INDIALANTIC BY THE SEA, REPLAT OF LOT 11 BLK E
NORTH INDIALANTIC BY THE SEA, REPLAT OF SLY 71.5 FT OF LOT 10 AS
Additional Parcels YN: Yes
Additional Parcels Description: NORTH INDIALANTIC BY THE SEA, REPLAT OF SLY 71.5 FT OF LOT 10 AS DES IN ORB 600 PG 985 BLK E
Directions: Highway A1A N/S to 980/960 N Highway A1A
General Property Information
Number Of Units Total: 2
Building Area Total: 6461
Building Area Source: Public Records
Lot Size Acres: 0.91
Association YN: No
Water Body Access YN: No
List Price/SqFt: 239.9
Sold Price/SqFt: 215.14
Bathrooms Total: 2
Year Built: 1965
Remarks and Miscellaneous
Public Remarks: Introducing an exceptional investment opportunity at 960 and 980 North Highway A1A, located with high visibility off A1A in the vibrant community of Indialantic Florida. This impressive .91-acre lot is zoned BU-1, allowing for a variety of commercial uses, making it ideal for diverse business ventures or redevelopment. The first building, formerly known as the iconic Petrillo's restaurant, spans an expansive 3,521 square feet. This space offers ample room for creative transformation, whether you envision a bustling eatery, a retail hub, or a service-oriented business. The second structure, features 2,940 square feet, providing further versatility for community-focused enterprises or additional commercial endeavors. With its proximity to A1A, the site attracts significant foot and vehicle traffic, making it an ideal spot for visibility and accessibility. Don't miss your chance to invest in a property that combines historical charm with modern potential.
Construction Materials
Concrete: 1
Frame: 1
Stucco: 1
Cooling
Central Air: 1
Current Use
Mixed Use: 1
Flooring
Concrete: 1
Lot Features
Few Trees: 1
Parking Features
Parking Lot: 1
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Unit 1 Details
Unit ID: 2731676
Annual Rent: 0
Unit SqFt: 24829
# Units (This Type): 1
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Restaurant
Unit 2 Details
Unit ID: 2730824
Annual Rent: 36000
Unit SqFt: 14810
# Units (This Type): 1
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Retail
Utilities
Sewer Available: 1
Water Available: 1
Water Source
Public: 1
Business Type
Restaurant: 1
Retail: 1
Sale Includes
Building & Land: 1
Contract Information
Current Price: $1,390,000
Original List Price: 1550000
Sold Price: $1,390,000
Status: Closed
Listing Contract Date: 2024-10-15
Property Sub Type: Business
Location Tax and Legal
Street Number: 960 & 980
Street Direction Prefix: N
Street Name: Highway A1a
County: Brevard
State: FL
Postal Code: 32903
MLS Area Major: 383 - N Indialantic
Subdivision Name: NORTH INDIALANTIC BY THE SEA REPLAT OF
Status Change Information
Major Change Timestamp: 2025-03-11T19:28:40Z
Major Change Type: Status Change
Status Change Timestamp: 2025-03-11
Purchase Contract Date: 2025-02-24
Close Date: 2025-03-07
Close Price: 1390000
Property Features
Business Type: Restaurant; Retail
Construction Materials: Concrete; Frame; Stucco
Cooling: Central Air
Current Use: Mixed Use
Flooring: Concrete
Lot Features: Few Trees
Parking Features: Parking Lot
Possession: Close Of Escrow
Sale Includes: Building & Land
Sewer: Public Sewer
Utilities: Sewer Available; Water Available
Water Source: Public
960 Survey 
Listing Office: Compass Florida, LLC
Last Updated: March - 11 - 2025
Information is deemed to be reliable, but is not guaranteed.