1507 Aurora Road, Melbourne, FL 32935
$2,350,000
Property Type:
Commercial Sale
Square Footage:
17,806
Status:
Closed
Current Price:
$2,350,000
List Date:
3/02/2022
Last Modified:
11/02/2024
Description
1031 Exchange Opportunity. 100% occupied with stable leases. Proforma Net operating income (NOI) $167k a year (6.7% CAP). 15,000+- Freestanding building with additional land for another structure / paid storage... endless possibilities on 2.32 acres. The property consists of 5 retail/office spaces each separately metered. A diversified and dynamic mix of tenants including a Mirror Repair, Office, Arcade, and retail.
More Information MLS# 928438
Location, Tax, and Legal
Tax Account: 2718067
Parcel Number: 27-37-17-00-00751.0-0000.00
General County Location: South
Tax Annual Amount: 17210
Tax Year: 2021
Tax Legal Description: PART OF NW 1/4 OF SE 1/4 LYING S OF AURORA RD EX ORB 681 PG 465, PB 19 PGS 27,28 ORB 1246 PG 799 RD R/W 2377/314, 2400 P
Directions: - US1 & Eau Gallie -N on US1,, Right( or West) on Aurora Rd, plaza will be on your left.
- I95 & Eau Gallie exit- E on Eau Gallie, left onto Commodore and Right onto Aurora, plaza on right
General Property Information
Number Of Units Total: 4
Stories Total: 1
Building Area Total: 17806
Association YN: No
Property Use: C-RETAIL STORE - MULTIPLE UNITS (1110)
Water Body Access YN: No
Waterfront YN: No
Use Code: 12 / COMMERCIAL, MIXED USE
List Price/SqFt: 140.4
Sold Price/SqFt: 131.98
Year Built: 2005
Remarks and Miscellaneous
Public Remarks: 1031 Exchange Opportunity. 100% occupied with stable leases. Proforma Net operating income (NOI) $167k a year (6.7% CAP). 15,000+- Freestanding building with additional land for another structure / paid storage... endless possibilities on 2.32 acres. The property consists of 5 retail/office spaces each separately metered. A diversified and dynamic mix of tenants including a Mirror Repair, Office, Arcade, and retail.
Construction Materials
Block: 1
Cooling
Central Air: 1
Current Use
Commercial: 1
Flooring
Carpet: 1
Heating
Electric: 1
Listing Terms
Cash: 1
Conventional: 1
Lease Option: 1
Possession
Close Of Escrow: 1
Income and Expenses
Gross Scheduled Income: 167000
Net Operating Income: 196200
Security Features
Security System Owned: 1
Smoke Detector(s): 1
Special Listing Conditions
Presently Leased: 1
Showing Requirements
Appointment Only: 1
Building Features
Lounge: 1
Meeting Room: 1
Office: 1
Outside Storage: 1
Reception Area: 1
Ceiling Type
Exposed: 1
Existing Lease Type
Gross: 1
Location
City: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 3: Legal/Misc-Home Warranty: No
Contract Information
Current Price: $2,350,000
Original List Price: 2500000
Sold Price: $2,350,000
Status: Closed
Listing Contract Date: 2022-03-02
Property Sub Type: Business
Location Tax and Legal
Street Number: 1507
Street Name: Aurora
Street Suffix: Road
County: Brevard
State: FL
Postal Code: 32935
MLS Area Major: 323 - Eau Gallie
Status Change Information
Major Change Timestamp: 2022-04-29T17:27:09Z
Major Change Type: Status Change
Status Change Timestamp: 2022-04-29
Purchase Contract Date: 2022-04-04
Close Date: 2022-04-29
Close Price: 2350000
Property Features
Building Features: Lounge; Meeting Room; Office; Outside Storage; Reception Area
Ceiling Type: Exposed
Construction Materials: Block
Cooling: Central Air
Current Use: Commercial
Existing Lease Type: Gross
Flooring: Carpet
Heating: Electric
Listing Terms: Cash; Conventional; Lease Option
Possession: Close Of Escrow
Sale Includes: Building & Land
Security Features: Security System Owned; Smoke Detector(s)
Showing Requirements: Appointment Only
Special Listing Conditions: Presently Leased
Listing Office:
Kirschner Real Estate G
Last Updated: November - 02 - 2024
Information is deemed to be reliable, but is not guaranteed.