$3,150,000
Merritt Island, FL 32953
MLS# 955942
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Property Description
A great investment opportunity that would cost much more than the selling price to duplicate. Hard to find mini-warehousing, storage, & retail, space centrally located in Merritt Island & minutes from Port Canaveral & Kennedy Space Center, within one mile of SR 528 Beachline. Concrete block construction, engineered wood roof trusses, fire walls, drywall partitioned, most units with separate electric service, on site management, security lighting, month to month leases, 3 driveway entrances, shared retention pond, 3+ acres of land, 8ft & 10ft high doors, five buildings, 100 % occupancy with backlog on waiting list. Small business tax receipts allowed; plenty of open area for additional vehicle storage & rental income, seller financing with sufficient down and excellent credit.
Details
Maps
Contract Information
Current Price: $3,150,000
Original List Price: 3500000
List Price: $3,150,000
Status: Active
Listing Contract Date: 2023-01-28
Property Sub Type: Business
Location, Tax, and Legal
Street Number: 3420
Street Direction Prefix: N
Street Name: Courtenay
Street Suffix: Parkway
Tax Account: 2411630
Parcel Number: 24-36-11-00-00267.0-0000.00
County: Brevard
State: FL
Postal Code: 32953
MLS Area Major: 250 - N Merritt Island
General County Location: Central
Tax Annual Amount: 17253.7
Tax Year: 2022
Tax Legal Description: PART OF NW 1/4 OF NW 1/4 LYING E OF ST RD 3 AS DESC IN ORB 1966 PG 147 & ORB 2229 PG 617 EXC RD R/W PAR 270
Directions: From SR 528 Beachline exit SR3 N. Courtenay Pkwy. head north over barge canal to 3420 N. Courtenay Pkwy.
General Property Information
Number Of Units Total: 69
Stories Total: 1
Building Area Total: 27700
Year Built: 1980
Lot Size Acres: 3.43
Property Use: C-MINI-WAREHOUSING (4810)
Use Code: 48 / WAREHOUSING, DISTRIBUTION TERMINALS
List Price/SqFt: 113.72
Remarks and Miscellaneous
Public Remarks: A great investment opportunity that would cost much more than the selling price to duplicate. Hard to find mini-warehousing, storage, & retail, space centrally located in Merritt Island & minutes from Port Canaveral & Kennedy Space Center, within one mile of SR 528 Beachline. Concrete block construction, engineered wood roof trusses, fire walls, drywall partitioned, most units with separate electric service, on site management, security lighting, month to month leases, 3 driveway entrances, shared retention pond, 3+ acres of land, 8ft & 10ft high doors, five buildings, 100 % occupancy with backlog on waiting list. Small business tax receipts allowed; plenty of open area for additional vehicle storage & rental income, seller financing with sufficient down and excellent credit.
Status Change Information
Major Change Timestamp: 2024-04-03T18:07:04Z
Major Change Type: Status Change
Price Change Timestamp: 2023-07-19T03:01:06Z
Status Change Timestamp: 2024-04-03
Building Features
Clear Ceiling Height: 27700
Income and Expenses
Gross Scheduled Income: 195000
Insurance Expense: 5000
Manager Expense: 10000
Net Operating Income: 155000
New Taxes Expense: 16500
Other Expense: 1200
Supplies Expense: 500
Trash Expense: 2400
Historical Information
Public Historical Remarks 3: Frontage Description: State Road, Expenses-Utilities: 2400, Expenses-Janitorial Service: 1200, Expenses-Accounting & Legal: 800, Legal/Misc-Home Warranty: No, Legal/Misc-Free and Clear: Yes
Property Features
Building Features: Clear Span; Manager on Premise; Overhead Doors; Storage
Ceiling Type: Drywall
Construction Materials: Block; Concrete
Cooling: None; Other
Current Use: Commercial; Industrial
Electric: 100 Amp Service; 220 Volts
Flooring: Carpet
Heating: None; Other
Listing Terms: Cash; Conventional; Lease Option; Private Financing Available
Location: County
Possession: Close Of Escrow
Roof: Wood Truss/Raft
Sale Includes: Building & Land
Security Features: Security Lights
Sewer: Public Sewer
Showing Considerations: Occupied
Showing Requirements: Call Listing Agent
Special Listing Conditions: Corporate Owned; County Jurisdiction; Owner Licensed RE; Presently Leased; Use Conforms to Zone
Utilities: Cable Available; Other
Water Source: Public
Listing Office: Providence Realty Team, Inc.
Last Updated: April - 03 - 2024
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.