$800,000
Satellite Beach, FL 32937
MLS# 551548
Status: Closed
16234 sqft
1 / 12
Property Description
12.7 Cap Rate. With several tenants at easy to lease sizes, this is a steady real estate investment for your portfolio. Remodeled in 2006 featuring a Florida vernacular architectural style and tropical landscaping. Located in redevelopment area of Satellite Beach, minutes from Patrick Air Force base and in between the Eau Gallie and Pineda Causeways (easy access to the mainland). This is a short sale, must sell now. 100% Occupied
Details
Maps
Location, Tax, and Legal
Tax Account: 2613510
Parcel Number: 263735560000X0000301
General County Location: South
Tax Annual Amount: 19889.04
Tax Year: 2010
Tax Legal Description: PT OF LOT 3 BLK X AS DES IN ORB
Directions: From Eau Gallie Blvd turn north on South Patrick Drive, will be on your right in less than 3 miles.
General Property Information
Number Of Units Total: 10
Building Area Total: 16234
Lot Size Acres: 1.22
Association YN: No
Water Body Access YN: No
List Price/SqFt: 60.98
Sold Price/SqFt: 49.28
Remarks and Miscellaneous
Public Remarks: 12.7 Cap Rate. With several tenants at easy to lease sizes, this is a steady real estate investment for your portfolio. Remodeled in 2006 featuring a Florida vernacular architectural style and tropical landscaping. Located in redevelopment area of Satellite Beach, minutes from Patrick Air Force base and in between the Eau Gallie and Pineda Causeways (easy access to the mainland). This is a short sale, must sell now. 100% Occupied
Construction Materials
Block: 1
Cooling
Central Building: 1
Current Use
Commercial: 1
Flooring
Wood: 1
Heating
Central: 1
Building Features
% Air Conditioned or Heated: 59
Office: 1
Contract Information
Current Price: $800,000
Original List Price: 1895000
Sold Price: $800,000
Status: Closed
Listing Contract Date: 2009-10-01
Property Sub Type: Business
Location Tax and Legal
Street Number: 1275
Street Name: South Patrick
County: Brevard
State: FL
Postal Code: 32937
MLS Area Major: 382-Satellite Bch/Indian Harbour Bch
Subdivision Name: Michigan Beach 8th Addn
Status Change Information
Major Change Timestamp: 2023-11-15T11:58:26Z
Major Change Type: Price Reduced
Price Change Timestamp: 2012-03-21T16:14:49Z
Status Change Timestamp: 2013-04-29
Purchase Contract Date: 2013-04-29
Close Date: 2013-04-29
Close Price: 800000
Property Features
Building Features: Office
Construction Materials: Block
Cooling: Central Building
Current Use: Commercial
Flooring: Wood
Heating: Central
Supplements
'||chr(10)||'Addendum - g directory and uniform wall mount signage to direct customer to each business, reinforced masonry walls and storm panel coverage for windows and doors.
Listing Office: One Sotheby's International
Last Updated: November - 01 - 2024
Information is deemed to be reliable, but is not guaranteed.