$557,500
West Melbourne, FL 32904
MLS# 824806
Status: Closed
4418 sqft
1 / 10
Property Description
POSITIVE CASH FLOW, CURRENTLY LEASED, GREAT TENANT IN PLACE! 6% CAP, ENDLESS POSSIBILITIES W/THIS AMAZING BUILDING, BUILT IN 2007 BOASTING A LARGE CONCRETE PARKING LOT SURROUNDING THE BUILDING. 67 TOTAL PARKING SPACES. LARGE MONUMENT SIGN W/DIGITAL READER BOARD. 1.2 ACRE CORNER PROPERTY IN WEST MELBOURNE. 3 AC'S. SEVERAL LARGE STORAGE ROOMS. THE INTERIOR OF THIS BUILDING IS REALLY AMAZING. AREA IS GROWING W/NEW SUBDIVISIONS GOING UP ALL AROUND. TRAFFIC COUNTS AT OVER 25,000 CARS PER DAY!
Details
Maps
Location, Tax, and Legal
Tax Account: 2820047
Parcel Number: 28-37-05-75-00000.0-0007.00
General County Location: South
Tax Annual Amount: 7127.81
Tax Year: 2017
Tax Legal Description: KELL-MER HOMES SUBD LOT 7 & N 28.85 FT OF LOT 8 OF PB 13 PG 8 EXC RD R/W, ALSO INCL PT OF SE 1/4 OF SE 1/4 AS DESC IN OR
Directions: FROM 192, SOUTH ON DAIRY RD, PROPERTY ON RIGHT.
General Property Information
Number Of Units Total: 1
Stories Total: 1
Building Area Total: 4418
Lot Size Acres: 1.19
Association YN: No
Property Use: C-RESTAURANT / CAFETERIA (2100)
Water Body Access YN: No
Waterfront YN: No
Use Code: 21 / RESTAURANTS, CAFETERIAS
List Price/SqFt: 135.79
Sold Price/SqFt: 126.19
Year Built: 2007
Remarks and Miscellaneous
Public Remarks: POSITIVE CASH FLOW, CURRENTLY LEASED, GREAT TENANT IN PLACE! 6% CAP, ENDLESS POSSIBILITIES W/THIS AMAZING BUILDING, BUILT IN 2007 BOASTING A LARGE CONCRETE PARKING LOT SURROUNDING THE BUILDING. 67 TOTAL PARKING SPACES. LARGE MONUMENT SIGN W/DIGITAL READER BOARD. 1.2 ACRE CORNER PROPERTY IN WEST MELBOURNE.
3 AC'S. SEVERAL LARGE STORAGE ROOMS. THE INTERIOR OF THIS BUILDING IS REALLY AMAZING. AREA IS GROWING W/NEW SUBDIVISIONS GOING UP ALL AROUND. TRAFFIC COUNTS AT OVER 25,000 CARS PER DAY!
Construction Materials
Concrete: 1
Cooling
Central Building: 1
Electric: 1
Current Use
Commercial: 1
Flooring
Carpet: 1
Vinyl: 1
Heating
Central: 1
Listing Terms
Cash: 1
Conventional: 1
Lease Option: 1
Possession
Close Of Escrow: 1
Income and Expenses
Insurance Expense: 1800
New Taxes Expense: 7056
Roof
Metal: 1
Security Features
Smoke Detector(s): 1
Sewer
Public Sewer: 1
Special Listing Conditions
Presently Leased: 1
Utilities
Cable Available: 1
Water Source
Public: 1
Showing Requirements
24 Hour Notice: 1
Building Features
Clear Ceiling Height: 4594
Kitchen Facilities: 1
Private Restroom: 1
Restaurant: 1
Storage: 1
Location
City: 1
Sale Includes
Building & Land: 1
Contract Information
Current Price: $557,500
Original List Price: 599900
Sold Price: $557,500
Status: Closed
Listing Contract Date: 2018-09-17
Property Sub Type: Business
Location Tax and Legal
Street Number: 2400
Street Name: Dairy
Street Suffix: Road
County: Brevard
State: FL
Postal Code: 32904
MLS Area Major: 331 - West Melbourne
Subdivision Name: Kell-Mer Homes Subd
Status Change Information
Major Change Timestamp: 2018-12-03T16:14:01Z
Major Change Type: Status Change
Status Change Timestamp: 2018-12-03
Purchase Contract Date: 2018-10-20
Close Date: 2018-11-30
Close Price: 557500
Property Features
Building Features: Kitchen Facilities; Private Restroom; Restaurant; Storage
Construction Materials: Concrete
Cooling: Central Building; Electric
Current Use: Commercial
Flooring: Carpet; Vinyl
Heating: Central
Listing Terms: Cash; Conventional; Lease Option
Possession: Close Of Escrow
Roof: Metal
Sale Includes: Building & Land
Security Features: Smoke Detector(s)
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice
Special Listing Conditions: Presently Leased
Utilities: Cable Available
Water Source: Public
Listing Office: Waterman Real Estate, Inc.
Last Updated: June - 12 - 2026
Information is deemed to be reliable, but is not guaranteed.