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

Listing Office: International Advantage Realty

Last Updated: November - 02 - 2024

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