1101 W Hibiscus Boulevard 0, West Melbourne, FL 32904

$2,800,000

Property Type: Commercial Sale Square Footage: 32,135 Lot Size (sq. ft.): 101,930 Status: Closed

Current Price: $2,800,000 List Date: 5/03/2021 Last Modified: 6/27/2026

Overview

Description

This well maintained, professional, multi-tenant office building is up for sale. Featuring all new roofs installed between 2017-2020, almost all new AC's (most suites are separately metered) and a 97% economic occupancy rate for sale at a 6.5 CAP rate! Stable tenants, most of which have been at the building for 3+ years and some 10+! Newley paved parking lot and beautiful landscaping make this a highly desirable building for tenants as well as owners! This building is also in a business HUBzone!

Listing Details MLS# 903903

General Property Information

Number Of Units Total: 39
Stories Total: 2
Building Area Total: 32135
Year Built: 1978
Lot Size Acres: 2.34
Property Use: C-PROFESSIONAL/OFFICE COMPLEX (1940)
Use Code: 19 / PROFESSIONAL BUILDING
Association YN: No
Water Body Access YN: No
List Price/SqFt: 99.58
Sold Price/SqFt: 87.13

Property Features

Building Features: Elevator; Medical; Office; Public Restroom Construction Materials: Concrete Electric: 100 Amp Service Existing Lease Type: Gross Flooring: Carpet; Laminate; Vinyl Heating: Electric Listing Terms: Lease Option Possession: Close Of Escrow Roof: Concrete Sale Includes: Building & Land Security Features: Smoke Detector(s) Showing Requirements: Call Listing Agent Utilities: Cable Available; Other Water Source: Public

Contract Information

Original List Price: 3400000
Listing Contract Date: 2021-05-03
Property Sub Type: Office

Location Tax and Legal

Street Number: 1101
Street Direction Prefix: W
Street Name: Hibiscus
Street Suffix: Boulevard
County: Brevard
State: FL
Postal Code: 32904
MLS Area Major: 330 - Melbourne - Central
Subdivision Name: None

Remarks and Miscellaneous

Public Remarks: This well maintained, professional, multi-tenant office building is up for sale. Featuring all new roofs installed between 2017-2020, almost all new AC's (most suites are separately metered) and a 97% economic occupancy rate for sale at a 6.5 CAP rate! Stable tenants, most of which have been at the building for 3+ years and some 10+! Newley paved parking lot and beautiful landscaping make this a highly desirable building for tenants as well as owners! This building is also in a business HUBzone!

Status Change Information

Major Change Timestamp: 2023-11-11T09:36:51Z
Major Change Type: Price Reduced
Price Change Timestamp: 2021-06-11T18:18:27Z
Status Change Timestamp: 2021-10-04
Purchase Contract Date: 2021-07-30
Close Date: 2021-10-01
Close Price: 2800000

More Information

Building Features

Clear Ceiling Height: 32515

Listing Office: RE/MAX Aerospace Realty

Last Updated: June - 27 - 2026

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