1275 South Patrick, Satellite Beach, FL 32937

$800,000

Property Type: Commercial Sale Square Footage: 16,234 Lot Size (sq. ft.): 53,143 Status: Closed

Current Price: $800,000 List Date: 10/01/2009 Last Modified: 6/18/2026

Overview

Description

12.7 Cap Rate. With several tenants at easy to lease sizes, this is a steady real estate investment for your portfolio. Remodeled in 2006 featuring a Florida vernacular architectural style and tropical landscaping. Located in redevelopment area of Satellite Beach, minutes from Patrick Air Force base and in between the Eau Gallie and Pineda Causeways (easy access to the mainland). This is a short sale, must sell now. 100% Occupied

Supplements: '||chr(10)||'Addendum - g directory and uniform wall mount signage to direct customer to each business, reinforced masonry walls and storm panel coverage for windows and doors.

Listing Details MLS# 551548

General Property Information

Number Of Units Total: 10
Building Area Total: 16234
Lot Size Acres: 1.22
Association YN: No
Water Body Access YN: No
List Price/SqFt: 60.98
Sold Price/SqFt: 49.28

Property Features

Building Features: Office Construction Materials: Block Cooling: Central Building Current Use: Commercial Flooring: Wood Heating: Central

Contract Information

Original List Price: 1895000
Listing Contract Date: 2009-10-01
Property Sub Type: Business

Location Tax and Legal

Street Number: 1275
Street Name: South Patrick
County: Brevard
State: FL
Postal Code: 32937
MLS Area Major: 382-Satellite Bch/Indian Harbour Bch
Subdivision Name: Michigan Beach 8th Addn

Remarks and Miscellaneous

Public Remarks: 12.7 Cap Rate. With several tenants at easy to lease sizes, this is a steady real estate investment for your portfolio. Remodeled in 2006 featuring a Florida vernacular architectural style and tropical landscaping. Located in redevelopment area of Satellite Beach, minutes from Patrick Air Force base and in between the Eau Gallie and Pineda Causeways (easy access to the mainland). This is a short sale, must sell now. 100% Occupied

Status Change Information

Major Change Timestamp: 2023-11-15T11:58:26Z
Major Change Type: Price Reduced
Price Change Timestamp: 2012-03-21T16:14:49Z
Status Change Timestamp: 2013-04-29
Purchase Contract Date: 2013-04-29
Close Date: 2013-04-29
Close Price: 800000

More Information

Building Features

% Air Conditioned or Heated: 59

Listing Office: One Sotheby's International

Last Updated: June - 18 - 2026

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