$3,349,000
Melbourne, FL 32901
MLS# 898109
Status: Closed
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Property Description
Centrally located professional Office/medical building. Fantastic location near Melbourne Airport, Downtown, the Hospital, with easy access to the beaches and to I-95. Excellent investment property with a Cap rate of 7.5
Details
Maps
Contract Information
Current Price: $3,200,000
Original List Price: 3349000
Sold Price: $3,200,000
Status: Closed
Listing Contract Date: 2021-02-26
Property Sub Type: Business
Location, Tax, and Legal
Street Number: 129
Street Direction Prefix: W
Street Name: Hibiscus
Street Suffix: Boulevard
Tax Account: 2818352
Parcel Number: 28-37-04-01-0000d.0-0001.00
County: Brevard
State: FL
Postal Code: 32901
MLS Area Major: 330 - Melbourne - Central
General County Location: South
Subdivision Name: Magnolia Heights
Tax Annual Amount: 34493.3
Tax Year: 2020
Tax Legal Description: MAGNOLIA HEIGHTS LOTS 1 TO 14 BLK D
Directions: From Babcock, take Hibiscus west. Building is on the left.
General Property Information
Number Of Units Total: 1
Building Area Total: 26276
Year Built: 1981
Lot Size Acres: 1.96
Property Use: C-OFFICE BUILDING - MULTI TENANT - 1 STORY (1710)
Use Code: 17 / OFFICE, ONE STORY
List Price/SqFt: 127.45
Sold Price/SqFt: 121.78
Remarks and Miscellaneous
Public Remarks: Centrally located professional Office/medical building. Fantastic location near Melbourne Airport, Downtown, the Hospital, with easy access to the beaches and to I-95. Excellent investment property with a Cap rate of 7.5
Status Change Information
Major Change Timestamp: 2022-02-14T20:16:33Z
Major Change Type: Status Change
Status Change Timestamp: 2022-02-14
Purchase Contract Date: 2021-08-07
Close Date: 2022-02-11
Close Price: 3200000
Building Features
Clear Ceiling Height: 26276
Property Features
Cooling: Central Building
Current Use: Commercial
Electric: 100 Amp Service; 150 Amp Service; 200+ Amp Service
Flooring: Other
Heating: Central
Listing Terms: Lease Option
Possession: Close Of Escrow
Sale Includes: Building & Land
Showing Requirements: Appointment Only
Listing Office: JM Real Estate
Last Updated: December - 16 - 2023
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of Space Coast MLS as well as Florida Realtors® MLS Advantage Participants and Particpants in the Coast2Coast datashare.