1592 Highway A1a, Satellite Beach, FL 32937 (MLS# 938738)

1592 Highway A1a, Satellite Beach, FL 32937

$1,200,000
Property Type: Commercial Sale Square Footage: 5,600 Lot Size (sq. ft.): 17,860 Status: Closed
Current Price: $1,200,000 List Date: 6/24/2022 Last Modified: 11/02/2024

Overview

Description

Unique investment opportunity with ocean view located diagonal to Pelican Beach Park! Building is zoned 'Mixed Use' and currently has 3 business leases and three residential units creating a diversified steady flow of income. Current tenants have been there many years. Add on 3rd story for even more income! Live in one and use another for your business in the high traffic location. The possibilities are endless in this hidden beachside gem.

Listing Details MLS# 938738

General Property Information

Number Of Units Total
6
Stories Total
2
Building Area Total
5600
Year Built
1973
Lot Size Acres
0.41
Property Use
C-MIXED USE - COMMERCIAL PROPERTY (1210)
Use Code
12 / COMMERCIAL, MIXED USE
Association YN
No
Water Body Access YN
No
List Price/SqFt
241.07
Sold Price/SqFt
214.29

Property Features

Building Features: Outside Storage; Rear Access; Storage Ceiling Type: Drywall; Suspended Construction Materials: Block; Concrete Cooling: Central Air Current Use: Commercial; Multi-Family Electric: 100 Amp Service; 150 Amp Service; 200+ Amp Service Flooring: Laminate; Tile Heating: Central Listing Terms: Cash; Conventional; Lease Option Location: Beach Area Possession: Negotiable Sale Includes: Building & Land Security Features: Firewall(s); Smoke Detector(s) Sewer: Public Sewer Showing Requirements: Showing Service Special Listing Conditions: City Jurisdiction; Presently Leased Utilities: Cable Available; Other Water Source: Public

Contract Information

Original List Price
1350000
Listing Contract Date
2022-06-23
Property Sub Type
Business

Location Tax and Legal

Street Number
1592
Street Name
Highway A1a
County
Brevard
State
FL
Postal Code
32937
MLS Area Major
382-Satellite Bch/Indian Harbour Bch

Remarks and Miscellaneous

Public Remarks
Unique investment opportunity with ocean view located diagonal to Pelican Beach Park! Building is zoned 'Mixed Use' and currently has 3 business leases and three residential units creating a diversified steady flow of income. Current tenants have been there many years. Add on 3rd story for even more income! Live in one and use another for your business in the high traffic location. The possibilities are endless in this hidden beachside gem.

Status Change Information

Major Change Timestamp
2023-03-06T12:33:50Z
Major Change Type
Status Change
Status Change Timestamp
2023-03-06
Purchase Contract Date
2022-07-15
Close Date
2023-03-03
Close Price
1200000

More Information

Historical Information

Public Historical Remarks 3
Legal/Misc-Home Warranty: No

Location, Tax, and Legal

Tax Account
2705961
Parcel Number
27-37-01-00-00278.0-0000.00
General County Location
Central
Tax Annual Amount
8573.58
Tax Year
2021
Tax Legal Description
PT OF GOVT LOT 2 W OF HWY AS DES IN ORB 1217 PG 566 & ORB 1641 PG 649 EX ORB 4031 PG 1599 PAR 281.1
Directions
Across the street from Pelican Beach Park in Satellite Beach on A1A, next to CVS.

Construction Materials

Block
Yes
Concrete
Yes

Cooling

Central Air
Yes

Current Use

Commercial
Yes
Multi-Family
Yes

Electric

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

Flooring

Laminate
Yes
Tile
Yes

Heating

Central
Yes

Listing Terms

Cash
Yes
Conventional
Yes
Lease Option
Yes

Possession

Negotiable
Yes

Security Features

Firewall(s)
Yes
Smoke Detector(s)
Yes

Sewer

Public Sewer
Yes

Special Listing Conditions

City Jurisdiction
Yes
Presently Leased
Yes

Utilities

Cable Available
Yes
Other
Yes

Water Source

Public
Yes

Showing Requirements

Showing Service
Yes

Building Features

Outside Storage
Yes
Rear Access
Yes
Storage
Yes

Ceiling Type

Drywall
Yes
Suspended
Yes

Location

Beach Area
Yes

Sale Includes

Building & Land
Yes
Listing Office: International Advantage Realty
Last Updated: November - 02 - 2024
Information is deemed to be reliable, but is not guaranteed.

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