1015 Garden Street, Titusville, FL 32796

$955,000

Virtual Tour

https://www.propertypanorama.com/instaview/spc/1030342

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

Overview

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.

Listing Details MLS# 1030342

General Property Information

Number Of Units Total: 4
Bathrooms Total: 4
Building Area Total: 7092
Year Built: 1966
Building Name: Garden Street Plaza
Water Body Access YN: No
List Price/SqFt: 158.63
Sold Price/SqFt: 134.66

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

Contract Information

Original List Price: 1125000
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

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.

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

More Information

Unit 1 Details

Unit ID: 1015
Annual Rent: 18600
Unit SqFt: 1500
# Units (This Type): Yes
Furnished: Furnished
Unit Remarks: Care Center

Unit 2 Details

Unit ID: 1017
Annual Rent: 27792
Unit SqFt: 2000
# Units (This Type): Yes
Furnished: Furnished
Unit Remarks: Retail Shop

Unit 3 Details

Unit ID: 1019
Annual Rent: 22599
Unit SqFt: 2000
# Units (This Type): Yes
Furnished: Furnished
Unit Remarks: Clothing Store

Unit 4 Details

Unit ID: 1025
Annual Rent: 19140
Unit SqFt: 1500
# Units (This Type): Yes
Furnished: Furnished
Unit Remarks: Nail Salon

Documents

Brochure ›

Listing Office: Blue Marlin Real Estate

Last Updated: February - 07 - 2025

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