1005 E Strawbridge Avenue, Melbourne, FL 32901

$1,900,000

Virtual Tour

https://www.propertypanorama.com/instaview/spc/964457

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

Overview

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.

Listing Details MLS# 964457

General Property Information

Number Of Units Total: Yes
Building Area Total: 8618
Year Built: 1955
Lot Size Acres: 0.61
Property Use: C-OFFICE BUILDING - SINGLE TENANT - 1 STORY (1700)
Use Code: 17 / OFFICE, ONE STORY
Association YN: No
Water Body Access YN: No
List Price/SqFt: 231.49
Sold Price/SqFt: 220.47

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

Contract Information

Original List Price: 1995000
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

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.

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

More Information

Building Features

Clear Ceiling Height: 9358

Historical Information

Public Historical Remarks 3: Legal/Misc-Home Warranty: No

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)

Construction Materials

Concrete: Yes

Cooling

Central Building: Yes

Current Use

Commercial: Yes

Flooring

Carpet: Yes
Tile: Yes

Heating

Central: Yes

Listing Terms

Cash: Yes
Conventional: Yes
Lease Option: Yes

Possession

Negotiable: Yes

Roof

Rolled/Hot Mop: Yes

Showing Requirements

24 Hour Notice: Yes
Appointment Only: Yes

Sale Includes

Building & Land: Yes

Listing Office: Reach Commercial Real Estate

Last Updated: November - 02 - 2024

Information is deemed to be reliable, but is not guaranteed.