1015 Garden Street, Titusville, FL 32796
$955,000
Property Type:
Commercial Sale
Baths:
4
Square Footage:
7,092
Status:
Closed
Current Price:
$955,000
List Date:
11/22/2024
Last Modified:
2/07/2025
Description
100% Occupancy with Value-Add Potential! Call agent to receive financials.
This prime investment opportunity features over 7,000 SF of retail space on highly trafficked Garden Street (Route 406), just steps from downtown Titusville. The retail center consists of 4 units, with 4 strong tenants on long-term leases. The units have been recently updated, and the current tenants are paying below market rents, providing an excellent opportunity to increase rental income. Ideal property for investors looking to take advantage of 1031 exchange benefits. See documents for brochure.
More Information MLS# 1030342
Location, Tax, and Legal
Tax Account: 2201154
Parcel Number: 22-35-04-Au-34-8
General County Location: North
Tax Annual Amount: 12536
Tax Year: 2024
Tax Legal Description: PARK ADDN TO TITUSVILLE LOTS 8 TO 12, N 11 FT OF LOTS 6 & 7 & PT OF LOTS 3 TO 5 BLK 34 AS DES IN ORB 2394 PG 2718
Directions: Corner of Garden St. & Deleon St.
General Property Information
Number Of Units Total: 4
Building Area Total: 7092
Building Name: Garden Street Plaza
Water Body Access YN: No
List Price/SqFt: 158.63
Sold Price/SqFt: 134.66
Bathrooms Total: 4
Year Built: 1966
Remarks and Miscellaneous
Public Remarks: 100% Occupancy with Value-Add Potential! Call agent to receive financials.
This prime investment opportunity features over 7,000 SF of retail space on highly trafficked Garden Street (Route 406), just steps from downtown Titusville. The retail center consists of 4 units, with 4 strong tenants on long-term leases. The units have been recently updated, and the current tenants are paying below market rents, providing an excellent opportunity to increase rental income. Ideal property for investors looking to take advantage of 1031 exchange benefits. See documents for brochure.
Construction Materials
Concrete: 1
Cooling
Central Air: 1
Current Use
Commercial: 1
Retail: 1
Flooring
Tile: 1
Vinyl: 1
Wood: 1
Heating
Central: 1
Listing Terms
Cash: 1
Conventional: 1
FHA: 1
Private Financing Available: 1
Lot Features
Cleared: 1
Parking Features
Parking Lot: 1
Sewer
Public Sewer: 1
Tenant Pays
Common Area Maintenance: 1
Electricity: 1
Unit 1 Details
Unit ID: 1015
Annual Rent: 18600
Unit SqFt: 1500
# Units (This Type): 1
Baths Total: 1
Furnished: Furnished
Unit Remarks: Care Center
Unit 2 Details
Unit ID: 1017
Annual Rent: 27792
Unit SqFt: 2000
# Units (This Type): 1
Baths Total: 1
Furnished: Furnished
Unit Remarks: Retail Shop
Unit 3 Details
Unit ID: 1019
Annual Rent: 22599
Unit SqFt: 2000
# Units (This Type): 1
Baths Total: 1
Furnished: Furnished
Unit Remarks: Clothing Store
Unit 4 Details
Unit ID: 1025
Annual Rent: 19140
Unit SqFt: 1500
# Units (This Type): 1
Baths Total: 1
Furnished: Furnished
Unit Remarks: Nail Salon
Water Source
Public: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Existing Lease Type
Gross: 1
Sale Includes
Building & Land: 1
Contract Information
Current Price: $955,000
Original List Price: 1125000
Sold Price: $955,000
Status: Closed
Listing Contract Date: 2024-11-20
Property Sub Type: Retail
Location Tax and Legal
Street Number: 1015
Street Name: Garden
Street Suffix: Street
County: Brevard
State: FL
Postal Code: 32796
MLS Area Major: 103 - Titusville Garden - SR50
Status Change Information
Major Change Timestamp: 2025-02-07T18:46:22Z
Major Change Type: Status Change
Status Change Timestamp: 2025-02-07
Purchase Contract Date: 2025-01-01
Close Date: 2025-01-31
Close Price: 955000
Property Features
Construction Materials: Concrete
Cooling: Central Air
Current Use: Commercial; Retail
Existing Lease Type: Gross
Flooring: Tile; Vinyl; Wood
Heating: Central
Listing Terms: Cash; Conventional; FHA; Private Financing Available
Lot Features: Cleared
Parking Features: Parking Lot
Sale Includes: Building & Land
Sewer: Public Sewer
Showing Requirements: Appointment Only; Call Listing Agent
Tenant Pays: Common Area Maintenance; Electricity
Water Source: Public
Documents
Brochure ›
Listing Office:
Blue Marlin Real Estate
Last Updated: February - 07 - 2025
Information is deemed to be reliable, but is not guaranteed.