$490,000
Palm Bay, FL 32905
MLS# 859010
Status: Closed
6140 sqft
1 / 8
Property Description
The property offering consists of a 6,140 office building situated on the south side of heavily-travelled Palm Bay Road, which serves as an active commercial corridor spanning from Route 1 to Interstate 95. • The building contains 20 leasable units - currently 16 units are occupied and 4 are vacant. • The adjacent lot to the west is also available for a list price of $179,000. The sale of the lot will only be considered along with the building, not as a separate sale. This lot offers an additional 200 feet of frontage along Palm Bay Road. (TID: 2832308)
Details
Maps
Location, Tax, and Legal
Tax Account: 2832322
Parcel Number: 28-37-23-00-00793.0-0000.00
General County Location: South
Tax Annual Amount: 7111.13
Tax Year: 2019
Tax Legal Description: PART OF N 1/2 OF NW 1/4 OF SE 1/4 AS DES IN ORB 2549 PG 1958
Directions: The property is centrally located on the south side of Palm Bay Road, just 0.80
miles to the west of Route US 1 in Palm Bay, FL.
General Property Information
Number Of Units Total: 16
Building Area Total: 6140
Lot Size Acres: 0.66
Association YN: No
Property Use: C-OFFICE BUILDING - MULTI TENANT -2 OR MORE STORIES (1810)
Water Body Access YN: No
Use Code: 18 / OFFICE, MULTI-STORY
List Price/SqFt: 93.65
Sold Price/SqFt: 79.8
Year Built: 1988
Remarks and Miscellaneous
Public Remarks: The property offering consists of a 6,140 office building situated on the south side
of heavily-travelled Palm Bay Road, which serves as an active commercial corridor
spanning from Route 1 to Interstate 95.
• The building contains 20 leasable units - currently 16 units are occupied and 4 are
vacant.
• The adjacent lot to the west is also available for a list price of $179,000. The sale of the lot will only be considered along with the building, not as a separate sale. This lot offers an additional 200 feet of frontage along Palm Bay Road. (TID: 2832308)
Cooling
Electric: 1
Current Use
Commercial: 1
Flooring
Other: 1
Heating
Electric: 1
Listing Terms
Lease Option: 1
Possession
Close Of Escrow: 1
Roof
Wood Truss/Raft: 1
Security Features
Smoke Detector(s): 1
Special Listing Conditions
Presently Leased: 1
Use Conforms to Zone: 1
Utilities
Water Available: 1
Showing Requirements
24 Hour Notice: 1
Listing Agent Must Accompany: 1
Building Features
Clear Ceiling Height: 6165
Sale Includes
Building Only: 1
Contract Information
Current Price: $490,000
OriginalListPrice: 649900
Sold Price: $490,000
Status: Closed
Listing Contract Date: 2019-10-22
Property Sub Type: Business
Location Tax and Legal
Street Number: 2550
Street Direction Prefix: NE
Street Name: Palm Bay
Street Suffix: Road
Street Direction Suffix: NE
County: Brevard
State: FL
Postal Code: 32905
MLS Area Major: 340 - NE Palm Bay
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2023-11-11T09:28:37Z
Major Change Type: Price Reduced
Price Change Timestamp: 2020-05-15T18:33:45Z
StatusChangeDate: 2020-10-28
Purchase Contract Date: 2020-07-15
Close Date: 2020-10-27
Close Price: 490000
Property Features
Cooling: Electric
Current Use: Commercial
Flooring: Other
Heating: Electric
Listing Terms: Lease Option
Possession: Close Of Escrow
Roof: Wood Truss/Raft
Sale Includes: Building Only
Security Features: Smoke Detector(s)
Showing Requirements: 24 Hour Notice; Listing Agent Must Accompany
Special Listing Conditions: Presently Leased; Use Conforms to Zone
Utilities: Water Available
Listing Office: Dreyer & Associates R.E. Grp.
Last Updated: June - 27 - 2026
Information is deemed to be reliable, but is not guaranteed.