$469,000
520 Ocean Avenue
Melbourne Beach, FL 32951
MLS# 879041
Status: Closed
1708 sqft


520 Ocean Avenue, Melbourne Beach, FL 32951
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520 Ocean Avenue, Melbourne Beach, FL 32951 520 Ocean Avenue, Melbourne Beach, FL 32951

Property Description
Commercial zoned 8-B with Multi-family 4-Unit. Unique property! Exceptional opportunity doesn't come along often, Across from Waterfront Ryckman Park and all its amenities. Views of Indian River and gorgeous sunsets await you. A minute walk to rivers edge, restaurants, post ofc, shopping and a few blocks from Atlantic Ocean. Priced to sell! Land and zoning ,Sold as-is, no warranty on existing buildings. This blast from the past offers 3 buildings, Main house is total living 908 sf has 2 bedrooms/1 bath and office area, a 1 car Garage is 336 sf and a Duplex each unit is 324 living sf . Has not been rented for at least 3 yrs. Renovate existing for endless possibilities or knock it all down to fulfill a dream! See docs for zoning definitions. In Need of Repairs 75-90K

Details
Maps
Contract Information
Current Price: $430,000
Original List Price: 500000
Sold Price: $430,000
Status: Closed
Listing Contract Date: 2020-06-28
Property Sub Type: Triplex
Location, Tax, and Legal
Street Number: 520
Street Name: Ocean
Street Suffix: Avenue
Tax Account: 2847674
Parcel Number: 28-38-07-01-00003.0-0019.00
County: Brevard
State: FL
Postal Code: 32951
MLS Area Major: 384-Indialantic/Melbourne Beach
General County Location: South
Elementary School: Gemini
Middle School: Hoover
High School: Melbourne
Tax Annual Amount: 3730.1
Tax Year: 2019
Tax Legal Description: HENRY WHITINGS MELBOURNE BCH LOT 19 BLK 3
Directions: A1A, Go west on Ocean Ave. to number OR 192 south on Riverside curve onto Ocean Ave to number on left
General Property Information
Number Of Units Total: 3
Living Area: 1556
Living Area Source: Public Records
Building Area Total: 1708
Year Built: 1948
Garage YN: Yes
Garage Spaces: 1
Carport YN: No
Open Parking Spaces: 3
Lot Size Acres: 0.2
Lot Size Square Feet: 8712
Association YN: No
Association Fee Frequency: One Time
Use Code: 08 / THREE OR FOUR L
Waterfront YN: No
Water Frontage Feet: 1
List Price/SqFt: 301.41
Sold Price/SqFt: 276.35
Remarks and Miscellaneous
Public Remarks: Commercial zoned 8-B with Multi-family 4-Unit. Unique property! Exceptional opportunity doesn't come along often, Across from Waterfront Ryckman Park and all its amenities. Views of Indian River and gorgeous sunsets await you. A minute walk to rivers edge, restaurants, post ofc, shopping and a few blocks from Atlantic Ocean. Priced to sell! Land and zoning ,Sold as-is, no warranty on existing buildings. This blast from the past offers 3 buildings, Main house is total living 908 sf has 2 bedrooms/1 bath and office area, a 1 car Garage is 336 sf and a Duplex each unit is 324 living sf . Has not been rented for at least 3 yrs. Renovate existing for endless possibilities or knock it all down to fulfill a dream! See docs for zoning definitions. In Need of Repairs 75-90K
Status Change Information
Major Change Timestamp: 2023-11-11T03:45:23Z
Major Change Type: Price Reduced
Price Change Timestamp: 2020-09-07T15:40:31Z
Status Change Timestamp: 2020-12-11
Purchase Contract Date: 2020-11-15
Close Date: 2020-12-11
Close Price: 430000
Historical Information
Public Historical Remarks 1: Zoning: 8B/MultiFam4, Contact: List Agent, Lot Description-Sold As-Is: Yes, Lot Description-Sidewalks: Y, Lot Description-Paved Street: Y, Lot Description-Fld Ins May be Req: Y
Public Historical Remarks 3: Style-Other - Call Agent: Y, Number of Buildings: 3 Buildings
Property Features
Appliances: Other
Construction Materials: Block; Concrete
Flooring: Carpet; Terrazzo
Listing Terms: Cash; Conventional
Lot Features: Historic Area; Other
Owner Pays: Other
Parking Features: Detached; On Street
Pool Features: None
Possession: Close Of Escrow
Road Surface Type: Paved
Roof: Shingle
Special Listing Conditions: Standard
Utilities: Sewer Connected; Water Available
Water Source: Public
Showing Requirements: Appointment Only; Lockbox

Listing Office: Waterman Real Estate, Inc.

Last Updated: December - 15 - 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.