$225,000
Palm Bay, FL 32909
MLS# 772430
Status: Closed
4920 sqft
1 / 4
Property Description
The offering includes 4,920 sf in two multi-tenant industrial buildings. Each building is a 2,460± sf one-story masonry concrete / stucco industrial building built in 1985. Both have a wood truss roof with BU-TG membrane. There are fenced and unfenced yard areas that are part of the lease agreements. Four tenants: one three year lease and three annual leases. Current Gross Income $24,000.
Details
Maps
Location, Tax, and Legal
Tax Account: 2923111
Parcel Number: 29-37-03-26-01990.0-0033.00
General County Location: Central
Tax Annual Amount: 4599.1
Tax Year: 2016
Tax Legal Description: PORT MALABAR UNIT 40 LOT 33 BLK 1990
Directions: Subject property is located at 438 Martin Street SE, Palm Bay, Brevard County,
Florida 32909 on the east side of Babcock Street, less than a mile south of Malabar
Road
General Property Information
Number Of Units Total: 2
Building Area Total: 4920
Lot Size Acres: 0.56
Association YN: No
Property Use: C-WAREHOUSING, DISTRIBUTION AND TRUCKING TERMINAL, VAN & STORAGE WAREHOUSING (4800)
Water Body Access YN: No
Waterfront YN: No
Use Code: 48 / WAREHOUSING, DISTRIBUTION TERMINALS
List Price/SqFt: 58.03
Sold Price/SqFt: 45.73
Year Built: 1985
Remarks and Miscellaneous
Public Remarks: The offering includes 4,920 sf in two multi-tenant industrial buildings.
Each building is a 2,460± sf one-story masonry concrete / stucco industrial building
built in 1985. Both have a wood truss roof with BU-TG membrane. There are
fenced and unfenced yard areas that are part of the lease agreements. Four
tenants: one three year lease and three annual leases. Current Gross Income
$24,000.
Construction Materials
Concrete: 1
Cooling
Central Building: 1
Other: 1
Flooring
Carpet: 1
Heating
Central: 1
Other: 1
Listing Terms
Cash: 1
Lease Option: 1
Possession
Close Of Escrow: 1
Income and Expenses
New Taxes Expense: 4597
Roof
Wood Truss/Raft: 1
Showing Requirements
Call Listing Office: 1
Building Features
Clear Ceiling Height: 4920
Location
Industrial Park: 1
Sale Includes
Building & Land: 1
Contingency Reason
Other: 1
Historical Information
Public Historical Remarks 3: Proforma-Gross Sched Income: 24000
Contract Information
Current Price: $225,000
OriginalListPrice: 285500
Sold Price: $225,000
Status: Closed
Listing Contract Date: 2016-12-21
Property Sub Type: Industrial
Location Tax and Legal
Street Number: 438
Street Name: Martin
Street Suffix: Road
Street Direction Suffix: SE
County: Brevard
State: FL
Postal Code: 32909
MLS Area Major: 344 - NW Palm Bay
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2017-01-06T17:07:59Z
Major Change Type: Status Change
StatusChangeDate: 2017-01-06
Contingency: Active Under Contract
Purchase Contract Date: 2016-12-21
Close Date: 2016-12-21
Close Price: 225000
Property Features
Construction Materials: Concrete
Cooling: Central Building; Other
Flooring: Carpet
Heating: Central; Other
Listing Terms: Cash; Lease Option
Location: Industrial Park
Possession: Close Of Escrow
Roof: Wood Truss/Raft
Sale Includes: Building & Land
Showing Requirements: Call Listing Office
Contingency Reason: Other
Listing Office: Dreyer & Associates R.E. Grp.
Last Updated: June - 27 - 2026
Information is deemed to be reliable, but is not guaranteed.