129 W Hibiscus Boulevard, Melbourne, FL 32901

$3,200,000

Property Type: Commercial Sale Square Footage: 26,276 Lot Size (sq. ft.): 85,378 Status: Closed

Current Price: $3,200,000 List Date: 2/26/2021 Last Modified: 6/15/2026

Overview

Description

Centrally located professional Office/medical building. Fantastic location near Melbourne Airport, Downtown, the Hospital, with easy access to the beaches and to I-95. Excellent investment property with a Cap rate of 7.5

Listing Details MLS# 898109

General Property Information

Number Of Units Total: Yes
Building Area Total: 26276
Year Built: 1981
Lot Size Acres: 1.96
Property Use: C-OFFICE BUILDING - MULTI TENANT - 1 STORY (1710)
Use Code: 17 / OFFICE, ONE STORY
Association YN: No
Water Body Access YN: No
List Price/SqFt: 127.45
Sold Price/SqFt: 121.78

Property Features

Cooling: Central Building Current Use: Commercial Electric: 100 Amp Service; 150 Amp Service; 200+ Amp Service Flooring: Other Heating: Central Listing Terms: Lease Option Possession: Close Of Escrow Sale Includes: Building & Land Showing Requirements: Appointment Only

Contract Information

Original List Price: 3349000
Listing Contract Date: 2021-02-26
Property Sub Type: Business

Location Tax and Legal

Street Number: 129
Street Direction Prefix: W
Street Name: Hibiscus
Street Suffix: Boulevard
County: Brevard
State: FL
Postal Code: 32901
MLS Area Major: 330 - Melbourne - Central
Subdivision Name: Magnolia Heights

Remarks and Miscellaneous

Public Remarks: Centrally located professional Office/medical building. Fantastic location near Melbourne Airport, Downtown, the Hospital, with easy access to the beaches and to I-95. Excellent investment property with a Cap rate of 7.5

Status Change Information

Major Change Timestamp: 2022-02-14T20:16:33Z
Major Change Type: Status Change
Status Change Timestamp: 2022-02-14
Purchase Contract Date: 2021-08-07
Close Date: 2022-02-11
Close Price: 3200000

More Information

Building Features

Clear Ceiling Height: 26276

Location, Tax, and Legal

Tax Account: 2818352
Parcel Number: 28-37-04-01-0000d.0-0001.00
General County Location: South
Tax Annual Amount: 34493.3
Tax Year: 2020
Tax Legal Description: MAGNOLIA HEIGHTS LOTS 1 TO 14 BLK D
Directions: From Babcock, take Hibiscus west. Building is on the left.

Cooling

Central Building: Yes

Current Use

Commercial: Yes

Electric

100 Amp Service: Yes
150 Amp Service: Yes
200+ Amp Service: Yes

Flooring

Other: Yes

Heating

Central: Yes

Listing Terms

Lease Option: Yes

Possession

Close Of Escrow: Yes

Showing Requirements

Appointment Only: Yes

Sale Includes

Building & Land: Yes

Listing Office: JM Real Estate

Last Updated: June - 15 - 2026

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