$250,000
Melbourne, FL 32935
MLS# 881194
Status: Closed
2166 sqft
1 / 9
Property Description
Turn-key investment in a HOT commercial location! Start making money now with an established tenant in place until 2022. Net $21,804 a year the minute you close! This sturdy free-standing concrete block building showcases 2,166 square feet under-air and is situated along the high-profile Harbor City Boulevard with tons of exposure and an abundance of drive-by traffic. The building is currently being used as an insurance company with an interior reception area and offices. The property also provides a covered entry and parking lot. Not only is this spot along a bustling thoroughfare, but it's also close to the Eau Gallie Causeway, offering easy access to the beaches. The sale is subject to a continued lease agreement with the current renter. Smart investment with immediate results!
Details
Maps
Location, Tax, and Legal
Tax Account: 2725331
Parcel Number: 27-37-21-76-00004.0-0006.00
General County Location: Central
Tax Annual Amount: 3815.74
Tax Year: 2019
Tax Legal Description: LOVERIDGE HEIGHTS, ADDN 2 AMENDED PLAT OF LOT 6 BLK 4
Directions: From Babock Street, take US 1 south. Property is on the left.
General Property Information
Number Of Units Total: 1
Building Area Total: 2166
Lot Size Acres: 0.22
Association YN: No
Property Use: C-OFFICE BUILDING - SINGLE TENANT - 1 STORY (1700)
Water Body Access YN: No
Waterfront YN: No
Use Code: 17 / OFFICE, ONE STORY
List Price/SqFt: 138.04
Sold Price/SqFt: 115.42
Year Built: 1952
Remarks and Miscellaneous
Public Remarks: Turn-key investment in a HOT commercial location! Start making money now with an established tenant in place until 2022. Net $21,804 a year the minute you close! This sturdy free-standing concrete block building showcases 2,166 square feet under-air and is situated along the high-profile Harbor City Boulevard with tons of exposure and an abundance of drive-by traffic. The building is currently being used as an insurance company with an interior reception area and offices. The property also provides a covered entry and parking lot. Not only is this spot along a bustling thoroughfare, but it's also close to the Eau Gallie Causeway, offering easy access to the beaches. The sale is subject to a continued lease agreement with the current renter. Smart investment with immediate results!
Construction Materials
Concrete: 1
Stucco: 1
Cooling
Central Air: 1
Current Use
Commercial: 1
Flooring
Carpet: 1
Heating
Central: 1
Listing Terms
Lease Option: 1
Possession
Close Of Escrow: 1
Subject To Tenant Rights: 1
Income and Expenses
Gross Scheduled Income: 30864
Insurance Expense: 3000
Net Operating Income: 21804
New Taxes Expense: 6060
Roof
Mixed: 1
Security Features
Smoke Detector(s): 1
Sewer
Public Sewer: 1
Special Listing Conditions
Presently Leased: 1
Water Source
Public: 1
Showing Requirements
Call Listing Office: 1
Building Features
Clear Ceiling Height: 2166
Office: 1
Location
City: 1
Showing Considerations
Occupied: 1
Sale Includes
Building & Land: 1
Contract Information
Current Price: $250,000
Original List Price: 299000
Sold Price: $250,000
Status: Closed
Listing Contract Date: 2020-07-24
Property Sub Type: Business
Location Tax and Legal
Street Number: 520
Street Direction Prefix: N
Street Name: Harbor City
Street Suffix: Boulevard
Street Direction Suffix: N
County: Brevard
State: FL
Postal Code: 32935
MLS Area Major: 330 - Melbourne - Central
Subdivision Name: Loveridge Heights Addn 2 Amended Plat of
Status Change Information
Major Change Timestamp: 2020-10-27T21:49:37Z
Major Change Type: Status Change
Status Change Timestamp: 2020-10-27
Purchase Contract Date: 2020-09-26
Close Date: 2020-10-26
Close Price: 250000
Property Features
Building Features: Office
Construction Materials: Concrete; Stucco
Cooling: Central Air
Current Use: Commercial
Flooring: Carpet
Heating: Central
Listing Terms: Lease Option
Possession: Close Of Escrow; Subject To Tenant Rights
Roof: Mixed
Sale Includes: Building & Land
Security Features: Smoke Detector(s)
Sewer: Public Sewer
Showing Considerations: Occupied
Showing Requirements: Call Listing Office
Special Listing Conditions: Presently Leased
Water Source: Public
Listing Office: Dale Sorensen Real Estate Inc.
Last Updated: June - 15 - 2026
Information is deemed to be reliable, but is not guaranteed.