$330,000
Palm Bay, FL 32905
MLS# 715857
Status: Closed
6093 sqft
1 / 25
Property Description
Great highway exposure and view of the Indian River. Located within the Palm Bay Redevelopment District. Four retail units available, the upstairs unit may be used for residential; it has a balcony and awesome views of the waterfront bay. Currently accepting backup offers with a kick out clause on existing contract.
Details
Maps
Location, Tax, and Legal
Tax Account: 2832822
Parcel Number: 28-37-24-27-00005.0-0007.00
General County Location: South
Tax Annual Amount: 5513.01
Tax Year: 2015
Tax Legal Description: LOTS 7 & 8 BLK 5
Directions: Just north of US 1, Dixie Hwy and Palm Bay Rd near the Greater Palm Bay Chamber of Commerce Visitor Center. Southwest corner of Water Drive and Hessey Avenue facing the Indian River.
General Property Information
Number Of Units Total: 4
Stories Total: 2
Building Area Total: 6093
Lot Size Acres: 0.44
Association YN: No
Property Use: C-RETAIL STORE - MULTIPLE UNITS (1110)
Water Body Access YN: No
Waterfront YN: No
Use Code: 12 / COMMERCIAL, MIXED USE
List Price/SqFt: 70.57
Sold Price/SqFt: 54.16
Year Built: 1991
Remarks and Miscellaneous
Public Remarks: Great highway exposure and view of the Indian River. Located within the Palm Bay Redevelopment District. Four retail units available, the upstairs unit may be used for residential; it has a balcony and awesome views of the waterfront bay.
Currently accepting backup offers with a kick out clause on existing contract.
Construction Materials
Block: 1
Frame: 1
Cooling
Central Air: 1
Electric: 1
Current Use
Commercial: 1
Flooring
Vinyl: 1
Heating
Central: 1
Electric: 1
Listing Terms
Cash: 1
Conventional: 1
Lease Option: 1
Possession
Negotiable: 1
Roof
Composition: 1
Wood Joist: 1
Security Features
Fire Alarm: 1
Security Fence: 1
Smoke Detector(s): 1
Sewer
Public Sewer: 1
Special Listing Conditions
City Jurisdiction: 1
Presently Leased: 1
Third Party Approval: 1
Use Conforms to Zone: 1
Utilities
Other: 1
Water Source
Public: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Building Features
Computer Wired: 1
Fenced: 1
Meeting Room: 1
Office: 1
Outside Storage: 1
Private Restroom: 1
Storage: 1
Location
City: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 2: Site Description-Fenced: Y
Public Historical Remarks 3: Utilities-3-Phase Electric: Y
Contract Information
Current Price: $330,000
Original List Price: 649000
Sold Price: $330,000
Status: Closed
Listing Contract Date: 2015-01-21
Property Sub Type: Business
Location Tax and Legal
Street Number: 1582
Street Direction Prefix: NE
Street Name: Water
Street Suffix: Drive
County: Brevard
State: FL
Postal Code: 32905
MLS Area Major: 340 - NE Palm Bay
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2023-11-11T09:27:47Z
Major Change Type: Price Reduced
Price Change Timestamp: 2016-12-04T12:39:08Z
Status Change Timestamp: 2017-04-27
Purchase Contract Date: 2017-01-11
Close Date: 2017-04-27
Close Price: 330000
Property Features
Building Features: Computer Wired; Fenced; Meeting Room; Office; Outside Storage; Private Restroom; Storage
Construction Materials: Block; Frame
Cooling: Central Air; Electric
Current Use: Commercial
Flooring: Vinyl
Heating: Central; Electric
Listing Terms: Cash; Conventional; Lease Option
Possession: Negotiable
Roof: Composition; Wood Joist
Sale Includes: Building & Land
Security Features: Fire Alarm; Security Fence; Smoke Detector(s)
Sewer: Public Sewer
Showing Requirements: Appointment Only; Call Listing Agent
Special Listing Conditions: City Jurisdiction; Presently Leased; Third Party Approval; Use Conforms to Zone
Utilities: Other
Water Source: Public
Listing Office: Coldwell Banker Paradise
Last Updated: June - 27 - 2026
Information is deemed to be reliable, but is not guaranteed.