1005 E Strawbridge Avenue, Melbourne, FL 32901
$1,900,000
Property Type:
Commercial Sale
Square Footage:
8,618
Lot Size (sq. ft.):
26,572
Status:
Closed
Current Price:
$1,900,000
List Date:
1/01/2024
Last Modified:
11/02/2024
Description
1005 E Strawbridge is located in the heart of Melbourne's Historic Downtown area, which widely regarded as the nucleus of the community.
The building sits in the middle of the action. Spanning over 9,358 square feet on .61 acres. It presents a unique opportunity for a buyer to either renovate and repurpose the existing structure or redevelop it entirely to create a new Multi-Family property, 150 key Hotel or Office Building. With over 275 businesses in this one mile district, the area is a hub of activity.
A mixed-use development would be the best and highest use of the property. Listed at $1,995,000, it's an excellent investment opportunity for anyone looking to expand their portfolio or establish a foothold in the Space Coast of Florida.
More Information MLS# 964457
Location, Tax, and Legal
Tax Account: 2816941
Parcel Number: 28-37-02-Fd-00019.0-0009.00
General County Location: South
Tax Annual Amount: 1341.18
Tax Year: 2022
Tax Legal Description: POWELLS RESUBD OF MELBOURNE W 10 FT OF LOT 9, ALL LOTS 12,13, 16 BLK 19
Directions: Highway US1 west onto 192 (E Strawbridge)
General Property Information
Number Of Units Total: 1
Building Area Total: 8618
Lot Size Acres: 0.61
Association YN: No
Property Use: C-OFFICE BUILDING - SINGLE TENANT - 1 STORY (1700)
Water Body Access YN: No
Use Code: 17 / OFFICE, ONE STORY
List Price/SqFt: 231.49
Sold Price/SqFt: 220.47
Year Built: 1955
Remarks and Miscellaneous
Public Remarks: 1005 E Strawbridge is located in the heart of Melbourne's Historic Downtown area, which widely regarded as the nucleus of the community.
The building sits in the middle of the action. Spanning over 9,358 square feet on .61 acres. It presents a unique opportunity for a buyer to either renovate and repurpose the existing structure or redevelop it entirely to create a new Multi-Family property, 150 key Hotel or Office Building. With over 275 businesses in this one mile district, the area is a hub of activity.
A mixed-use development would be the best and highest use of the property. Listed at $1,995,000, it's an excellent investment opportunity for anyone looking to expand their portfolio or establish a foothold in the Space Coast of Florida.
Construction Materials
Concrete: 1
Cooling
Central Building: 1
Current Use
Commercial: 1
Flooring
Carpet: 1
Tile: 1
Heating
Central: 1
Listing Terms
Cash: 1
Conventional: 1
Lease Option: 1
Possession
Negotiable: 1
Roof
Rolled/Hot Mop: 1
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Building Features
Clear Ceiling Height: 9358
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 3: Legal/Misc-Home Warranty: No
Contract Information
Current Price: $1,900,000
Original List Price: 1995000
Sold Price: $1,900,000
Status: Closed
Listing Contract Date: 2023-05-08
Property Sub Type: Business
Location Tax and Legal
Street Number: 1005
Street Direction Prefix: E
Street Name: Strawbridge
Street Suffix: Avenue
County: Brevard
State: FL
Postal Code: 32901
MLS Area Major: 330 - Melbourne - Central
Status Change Information
Major Change Timestamp: 2024-05-28T20:36:37Z
Major Change Type: Status Change
Status Change Timestamp: 2024-05-28
Purchase Contract Date: 2024-02-16
Close Date: 2024-05-28
Close Price: 1900000
Property Features
Construction Materials: Concrete
Cooling: Central Building
Current Use: Commercial
Flooring: Carpet; Tile
Heating: Central
Listing Terms: Cash; Conventional; Lease Option
Possession: Negotiable
Roof: Rolled/Hot Mop
Sale Includes: Building & Land
Showing Requirements: 24 Hour Notice; Appointment Only
Listing Office:
Reach Commercial Real Estate
Last Updated: November - 02 - 2024
Information is deemed to be reliable, but is not guaranteed.