$2,500,000
Melbourne, FL 32901
MLS# 885290
Status: Closed
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Property Description
Price reduced! Only $122/ft! 175 E. Nasa Blvd (the Spacecoast) is comprised of a 3 story building with an elevator totaling 20,548 gross sf and 18,940 sf of net leasable space. Located in the heart of Melbourne and its High Tech Corridor, a mile or two to the west are L3Harris headquarters, GE, Northrop Grumman, Embraer and the Orlando Melbourne International Airport. Directly to the south is Holmes Regional Medical Center and to the east are the Porsche, Mercedes-Benz and Audi dealerships before reaching the Intracoastal Waterway (Indian River). This building has been at the center of Melbourne from the beginning and it will continue to be in the center as the area expands. The tenants are an A-list group including two prestigious law firms. The bank space is available for lease.
Details
Maps
Contract Information
Current Price: $2,300,000
Original List Price: 2900000
Sold Price: $2,300,000
Status: Closed
Listing Contract Date: 2020-09-14
Property Sub Type: Business
Location, Tax, and Legal
Street Number: 175
Street Direction Prefix: E
Street Name: Nasa
Street Suffix: Boulevard
Street Direction Suffix: E
Tax Account: 2729569
Parcel Number: 27-37-34-00-00287.0-0000.00
County: Brevard
State: FL
Postal Code: 32901
MLS Area Major: 330 - Melbourne - Central
General County Location: South
Tax Annual Amount: 38333.7
Tax Year: 2020
Tax Legal Description: PART OF SW 1/4 OF NW 1/4 AS DES IN ORB 1789 PG 696
Directions: On the south side of Nasa Blvd between US Highway 1 and Babcock Street.
General Property Information
Number Of Units Total: 5
Stories Total: 3
Building Area Total: 20548
Year Built: 1988
Lot Size Acres: 1.3
Property Use: C-FINANCIAL INSTITUTION (2300)
Use Code: 23 / FINANCIAL INSTITUTIONS
Waterfront YN: No
List Price/SqFt: 121.67
Sold Price/SqFt: 111.93
Remarks and Miscellaneous
Public Remarks: Price reduced! Only $122/ft! 175 E. Nasa Blvd (the Spacecoast) is comprised of a 3 story building with an elevator totaling 20,548 gross sf and 18,940 sf of net leasable space. Located in the heart of Melbourne and its High Tech Corridor, a mile or two to the west are L3Harris headquarters, GE, Northrop Grumman, Embraer and the Orlando Melbourne International Airport. Directly to the south is Holmes Regional Medical Center and to the east are the Porsche, Mercedes-Benz and Audi dealerships before reaching the Intracoastal Waterway (Indian River). This building has been at the center of Melbourne from the beginning and it will continue to be in the center as the area expands. The tenants are an A-list group including two prestigious law firms. The bank space is available for lease.
Status Change Information
Major Change Timestamp: 2023-11-11T09:36:49Z
Major Change Type: Price Reduced
Price Change Timestamp: 2021-05-26T14:43:10Z
Status Change Timestamp: 2021-09-07
Purchase Contract Date: 2021-06-28
Close Date: 2021-09-02
Close Price: 2300000
Building Features
% Air Conditioned or Heated: 100
Clear Ceiling Height: 20548
Income and Expenses
Gross Scheduled Income: 321741
Net Operating Income: 188477
Property Features
Building Features: Elevator
Ceiling Type: Acoustic
Construction Materials: Concrete; Frame
Cooling: Central Air; Electric
Current Use: Commercial
Flooring: Carpet
Heating: Central; Electric
Listing Terms: Cash; Conventional; Lease Back; Lease Option
Possession: Close Of Escrow
Roof: Tar/Gravel
Sale Includes: Building & Land
Security Features: Smoke Detector(s)
Sewer: Public Sewer
Showing Requirements: Appointment Only; Call Listing Agent
Water Source: Public
Supplements
The world's top destinations are a short drive too, with the Kennedy Space Center just over a half an hour north and to the west in just over an hour you can reach Walt Disney World, Universal Studios, Sea World and the Orlando International Airport. Very few properties can offer this kind of location with growth guaranteed into the near future, and a beach community lifestyle that is priceless. This rare investment is 94% occupied with a CAP rate of 6.5.
Listing Office: One Sotheby's International
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.