$4,950,000
775 Malabar Road SE
Malabar, FL 32950
MLS# 975197



775 Malabar Road SE, Malabar, FL 32950
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775 Malabar Road SE, Malabar, FL 32950 775 Malabar Road SE, Malabar, FL 32950 775 Malabar Road SE, Malabar, FL 32950 775 Malabar Road SE, Malabar, FL 32950 775 Malabar Road SE, Malabar, FL 32950 775 Malabar Road SE, Malabar, FL 32950 775 Malabar Road SE, Malabar, FL 32950 775 Malabar Road SE, Malabar, FL 32950

Property Description
Beautiful property for sale with ability to develop the additional vacant land space. Multiunit Building with an existing 1 tenant, 3 year lease in place. New skylights, solar panels, 40 plus parking spots in total, tenant covers lawn maintenance on front portion of building, improved pad in the rear of the property. Site plan is set up for 3-5 additional buildings.

Details
Maps
Contract Information
Current Price: $4,950,000
Original List Price: 4950000
List Price: $4,950,000
Status: Active
Listing Contract Date: 2023-09-14
Property Sub Type: Business
Location, Tax, and Legal
Street Number: 775
Street Name: Malabar
Street Suffix: Road
Street Direction Suffix: SE
Tax Account: 2960441
Parcel Number: 29-37-03-02-00000.0-0001.01
County: Brevard
State: FL
Postal Code: 32950
MLS Area Major: 342 - Malabar/Grant-Valkaria
General County Location: South
Subdivision Name: Pierce Mangurian Subdivision
Tax Annual Amount: 16085.1
Tax Year: 2022
Tax Legal Description: PIERCE MANGURIAN SUBDIVISION E 5 ACRES OF LOT 1 AS DESC IN ORB 3871 PG 3959
Directions: Located 5 min from I-95 and 5 min from US-1
General Property Information
Number Of Units Total: 4
Stories Total: 1
Building Area Total: 8016
Year Built: 2002
Lot Size Acres: 5
Property Use: C-PROFESSIONAL BUILDING - MULTI TENANT - 1 STORY (1910)
Use Code: 19 / PROFESSIONAL BUILDING
Waterfront YN: No
List Price/SqFt: 617.51
Remarks and Miscellaneous
Public Remarks: Beautiful property for sale with ability to develop the additional vacant land space. Multiunit Building with an existing 1 tenant, 3 year lease in place. New skylights, solar panels, 40 plus parking spots in total, tenant covers lawn maintenance on front portion of building, improved pad in the rear of the property. Site plan is set up for 3-5 additional buildings.
Status Change Information
Major Change Timestamp: 2023-09-15T02:11:12Z
Major Change Type: New Listing
Status Change Timestamp: 2023-09-14
Historical Information
Public Historical Remarks 1: Construction-Metal: Y
Public Historical Remarks 3: Legal/Misc-Home Warranty: No
Property Features
Construction Materials: Brick
Cooling: Ceiling Fan(s); Central Air; Exhaust Fan
Current Use: Commercial
Flooring: Tile
Heating: None
Listing Terms: Cash; Conventional; Lease Option
Possession: Close Of Escrow
Roof: Metal
Sale Includes: Building & Land; Business with Lease
Security Features: Fire Sprinkler System; Smoke Detector(s)
Showing Requirements: 24 Hour Notice; Call Listing Agent

Listing Office: Realty World Curri Properties

Last Updated: December - 19 - 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.