$599,900
West Melbourne, FL 32904
MLS# 824806
Status: Closed
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Property Description
POSITIVE CASH FLOW, CURRENTLY LEASED, GREAT TENANT IN PLACE! 6% CAP, ENDLESS POSSIBILITIES W/THIS AMAZING BUILDING, BUILT IN 2007 BOASTING A LARGE CONCRETE PARKING LOT SURROUNDING THE BUILDING. 67 TOTAL PARKING SPACES. LARGE MONUMENT SIGN W/DIGITAL READER BOARD. 1.2 ACRE CORNER PROPERTY IN WEST MELBOURNE. 3 AC'S. SEVERAL LARGE STORAGE ROOMS. THE INTERIOR OF THIS BUILDING IS REALLY AMAZING. AREA IS GROWING W/NEW SUBDIVISIONS GOING UP ALL AROUND. TRAFFIC COUNTS AT OVER 25,000 CARS PER DAY!
Details
Maps
Contract Information
Current Price: $557,500
Original List Price: 599900
Sold Price: $557,500
Status: Closed
Listing Contract Date: 2018-09-17
Property Sub Type: Business
Location, Tax, and Legal
Street Number: 2400
Street Name: Dairy
Street Suffix: Road
Tax Account: 2820047
Parcel Number: 28-37-05-75-00000.0-0007.00
County: Brevard
State: FL
Postal Code: 32904
MLS Area Major: 331 - West Melbourne
General County Location: South
Subdivision Name: Kell-Mer Homes Subd
Tax Annual Amount: 7127.81
Tax Year: 2017
Tax Legal Description: KELL-MER HOMES SUBD LOT 7 & N 28.85 FT OF LOT 8 OF PB 13 PG 8 EXC RD R/W, ALSO INCL PT OF SE 1/4 OF SE 1/4 AS DESC IN OR
Directions: FROM 192, SOUTH ON DAIRY RD, PROPERTY ON RIGHT.
General Property Information
Number Of Units Total: 1
Stories Total: 1
Building Area Total: 4418
Year Built: 2007
Lot Size Acres: 1.19
Property Use: C-RESTAURANT / CAFETERIA (2100)
Use Code: 21 / RESTAURANTS, CAFETERIAS
Association YN: No
Waterfront YN: No
List Price/SqFt: 135.79
Sold Price/SqFt: 126.19
Remarks and Miscellaneous
Public Remarks: POSITIVE CASH FLOW, CURRENTLY LEASED, GREAT TENANT IN PLACE! 6% CAP, ENDLESS POSSIBILITIES W/THIS AMAZING BUILDING, BUILT IN 2007 BOASTING A LARGE CONCRETE PARKING LOT SURROUNDING THE BUILDING. 67 TOTAL PARKING SPACES. LARGE MONUMENT SIGN W/DIGITAL READER BOARD. 1.2 ACRE CORNER PROPERTY IN WEST MELBOURNE.
3 AC'S. SEVERAL LARGE STORAGE ROOMS. THE INTERIOR OF THIS BUILDING IS REALLY AMAZING. AREA IS GROWING W/NEW SUBDIVISIONS GOING UP ALL AROUND. TRAFFIC COUNTS AT OVER 25,000 CARS PER DAY!
Status Change Information
Major Change Timestamp: 2018-12-03T16:14:01Z
Major Change Type: Status Change
Status Change Timestamp: 2018-12-03
Purchase Contract Date: 2018-10-20
Close Date: 2018-11-30
Close Price: 557500
Building Features
Clear Ceiling Height: 4594
Income and Expenses
Insurance Expense: 1800
New Taxes Expense: 7056
Historical Information
Public Historical Remarks 1: Current Zoning: Commercial
Property Features
Building Features: Kitchen Facilities; Private Restroom; Restaurant; Storage
Construction Materials: Concrete
Cooling: Central Building; Electric
Current Use: Commercial
Flooring: Carpet; Vinyl
Heating: Central
Listing Terms: Cash; Conventional; Lease Option
Possession: Close Of Escrow
Roof: Metal
Sale Includes: Building & Land
Security Features: Smoke Detector(s)
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice
Special Listing Conditions: Presently Leased
Utilities: Cable Available
Water Source: Public
Listing Office: Waterman Real Estate, Inc.
Last Updated: December - 13 - 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.