$2,250,000
Satellite Beach, FL 32937
MLS# 1034627
Status: Closed
3 baths
1 / 38
Property Description
This updated income-producing property in the heart of Satellite Beach, offers an unbeatable location just steps from the shoreline. Fully leased to stable tenants, this remodeled gem is a rare find for investors seeking reliable returns with a 6.25% cap rate. The interior has been fully renovated, boasting modern finishes that attract and retain high-quality tenants. The property features a new roof, ensuring low maintenance for years to come. A pending lease with a popular food truck operator for the parking lot further enhances the property's income potential, making this a versatile and lucrative investment. This beachside property combines long-term stability with exciting future growth opportunities, all in a highly sought-after location.
Details
Maps
Location, Tax, and Legal
Tax Account: 2705939
Parcel Number: 27-37-01-00-00266.0-0000.00
General County Location: South
Tax Annual Amount: 15355.6
Tax Year: 2024
Tax Legal Description: PART OF NW 1/4 OF NW 1/4 AS DES IN ORB 659 PG 687
Directions: Cross the Eau Gallie Causeway into Indian Harbour Beach and proceed east on Eau Gallie Blvd. when you reach N Highway A1A turn left and proceed north for 2.4 miles until you reach your destination on the left 1404 SR- A1A Satellite Beach
General Property Information
Number Of Units Total: 3
Building Area Total: 6092
Lot Size Acres: 0.69
Water Body Access YN: No
List Price/SqFt: 369.34
Sold Price/SqFt: 369.34
Bathrooms Total: 3
Year Built: 1964
Remarks and Miscellaneous
Public Remarks: This updated income-producing property in the heart of Satellite Beach, offers an unbeatable location just steps from the shoreline. Fully leased to stable tenants, this remodeled gem is a rare find for investors seeking reliable returns with a 6.25% cap rate.
The interior has been fully renovated, boasting modern finishes that attract and retain high-quality tenants. The property features a new roof, ensuring low maintenance for years to come. A pending lease with a popular food truck operator for the parking lot further enhances the property's income potential, making this a versatile and lucrative investment.
This beachside property combines long-term stability with exciting future growth opportunities, all in a highly sought-after location.
Construction Materials
Concrete: 1
Stucco: 1
Lot Features
Corner Lot: 1
Parking Features
Parking Lot: 1
Sewer
Public Sewer: 1
Unit 1 Details
Unit ID: 1402A
Annual Rent: 48600
Unit SqFt: 1523
# Units (This Type): 1
Baths Total: 2
Furnished: Unfurnished
Unit Remarks: Relentless Title
Unit 2 Details
Unit ID: 1402B/C
Annual Rent: 75428
Unit SqFt: 3000
# Units (This Type): 2
Baths Total: 2
Furnished: Unfurnished
Unit Remarks: Grooveshack
Unit 3 Details
Unit ID: 1404
Annual Rent: 37714
Unit SqFt: 1500
# Units (This Type): 3
Baths Total: 2
Furnished: Unfurnished
Unit Remarks: Grooveshack
Water Source
Public: 1
Sale Includes
Building & Land: 1
Contract Information
Current Price: $2,250,000
Original List Price: 2250000
Sold Price: $2,250,000
Status: Closed
Listing Contract Date: 2025-01-17
Property Sub Type: Office
Location Tax and Legal
Street Number: 1404
Street Name: Highway A1a
County: Brevard
State: FL
Postal Code: 32937
MLS Area Major: 382-Satellite Bch/Indian Harbour Bch
Status Change Information
Major Change Timestamp: 2025-05-14T15:44:47Z
Major Change Type: Status Change
Status Change Timestamp: 2025-05-14
Purchase Contract Date: 2025-04-15
Close Date: 2025-05-09
Close Price: 2250000
Property Features
Construction Materials: Concrete; Stucco
Lot Features: Corner Lot
Parking Features: Parking Lot
Sale Includes: Building & Land
Sewer: Public Sewer
Water Source: Public
Listing Office: Relentless Real Estate Co.
Last Updated: May - 14 - 2025
Information is deemed to be reliable, but is not guaranteed.