$2,300,000
Melbourne, FL 32901
MLS# 894458
Status: Closed
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Property Description
Restaurant/Bar/Retail in the heart of historical downtown Melbourne. Two stories with the first floor leased by a restaurant and upstairs leased for retail. 100% occupied and pro forma shows a 6.0 cap rate. Priced at only $200/ft this investment works on any measure! This is one of the most visible and highest traffic locations for walkers and shoppers in the county. There is parallel parking out front and this property includes a private parking lot behind it which is very rare for this area.
Details
Maps
Contract Information
Current Price: $2,300,000
Original List Price: 2300000
Sold Price: $2,300,000
Status: Closed
Listing Contract Date: 2021-01-15
Property Sub Type: Business
Location, Tax, and Legal
Street Number: 901
Street Direction Prefix: E
Street Name: New Haven
Street Suffix: Avenue
Tax Account: 2817162
Parcel Number: 28-37-03-Fc-00026.0-0004.01
County: Brevard
State: FL
Postal Code: 32901
MLS Area Major: 330 - Melbourne - Central
General County Location: South
Tax Year: 2020
Tax Legal Description: CAMPS PLAT OF MELBOURNE W 38 FT OF LOT 4; E 15 FT OF LOT 5; W 60 FT OF LOT 7 BLK 5
Directions: At the stop sign intersection of New Haven and Municipal Ln. In the heart of downtown historical Melbourne.
General Property Information
Number Of Units Total: 3
Building Area Total: 12152
Year Built: 1956
Lot Size Acres: 0.25
Property Use: C-MIXED USE - COMMERCIAL PROPERTY (1210)
Use Code: 12 / COMMERCIAL, MIXED USE
List Price/SqFt: 189.27
Sold Price/SqFt: 189.27
Remarks and Miscellaneous
Public Remarks: Restaurant/Bar/Retail in the heart of historical downtown Melbourne. Two stories with the first floor leased by a restaurant and upstairs leased for retail. 100% occupied and pro forma shows a 6.0 cap rate. Priced at only $200/ft this investment works on any measure! This is one of the most visible and highest traffic locations for walkers and shoppers in the county. There is parallel parking out front and this property includes a private parking lot behind it which is very rare for this area.
Status Change Information
Major Change Timestamp: 2022-05-02T20:57:41Z
Major Change Type: Status Change
Status Change Timestamp: 2022-05-02
Purchase Contract Date: 2022-03-16
Close Date: 2022-05-02
Close Price: 2300000
Building Features
Clear Ceiling Height: 12152
Historical Information
Public Historical Remarks 3: Legal/Misc-Home Warranty: No
Property Features
Cooling: Central Air
Current Use: Commercial
Electric: 100 Amp Service; 220 Volts
Flooring: Tile; Other
Heating: Central; Electric
Listing Terms: Cash; Conventional; Lease Option
Possession: Close Of Escrow
Roof: Rolled/Hot Mop
Sale Includes: Building & Land
Sewer: Public Sewer
Showing Requirements: Appointment Only; Call Listing Agent
Utilities: Natural Gas Available
Water Source: Public
Listing Office: One Commercial Real Estate
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.