175 E Nasa Boulevard E, Melbourne, FL 32901 (MLS# 885290)

175 E Nasa Boulevard E, Melbourne, FL 32901

$2,300,000
Property Type: Commercial Sale Square Footage: 20,548 Lot Size (sq. ft.): 56,628 Status: Closed
Current Price: $2,300,000 List Date: 3/21/2021 Last Modified: 1/19/2026

Description

Price reduced! Only $122/ft! 175 E. Nasa Blvd (the Spacecoast) is comprised of a 3 story building with an elevator totaling 20,548 gross sf and 18,940 sf of net leasable space. Located in the heart of Melbourne and its High Tech Corridor, a mile or two to the west are L3Harris headquarters, GE, Northrop Grumman, Embraer and the Orlando Melbourne International Airport. Directly to the south is Holmes Regional Medical Center and to the east are the Porsche, Mercedes-Benz and Audi dealerships before reaching the Intracoastal Waterway (Indian River). This building has been at the center of Melbourne from the beginning and it will continue to be in the center as the area expands. The tenants are an A-list group including two prestigious law firms. The bank space is available for lease.

Supplements: The world's top destinations are a short drive too, with the Kennedy Space Center just over a half an hour north and to the west in just over an hour you can reach Walt Disney World, Universal Studios, Sea World and the Orlando International Airport. Very few properties can offer this kind of location with growth guaranteed into the near future, and a beach community lifestyle that is priceless. This rare investment is 94% occupied with a CAP rate of 6.5.

More Information MLS# 885290

Location, Tax, and Legal

Tax Account: 2729569 Parcel Number: 27-37-34-00-00287.0-0000.00 General County Location: South Tax Annual Amount: 38333.7 Tax Year: 2020 Tax Legal Description: PART OF SW 1/4 OF NW 1/4 AS DES IN ORB 1789 PG 696 Directions: On the south side of Nasa Blvd between US Highway 1 and Babcock Street.

General Property Information

Number Of Units Total: 5 Stories Total: 3 Building Area Total: 20548 Lot Size Acres: 1.3 Association YN: No Property Use: C-FINANCIAL INSTITUTION (2300) Water Body Access YN: No Waterfront YN: No Use Code: 23 / FINANCIAL INSTITUTIONS List Price/SqFt: 121.67 Sold Price/SqFt: 111.93 Year Built: 1988

Remarks and Miscellaneous

Public Remarks: Price reduced! Only $122/ft! 175 E. Nasa Blvd (the Spacecoast) is comprised of a 3 story building with an elevator totaling 20,548 gross sf and 18,940 sf of net leasable space. Located in the heart of Melbourne and its High Tech Corridor, a mile or two to the west are L3Harris headquarters, GE, Northrop Grumman, Embraer and the Orlando Melbourne International Airport. Directly to the south is Holmes Regional Medical Center and to the east are the Porsche, Mercedes-Benz and Audi dealerships before reaching the Intracoastal Waterway (Indian River). This building has been at the center of Melbourne from the beginning and it will continue to be in the center as the area expands. The tenants are an A-list group including two prestigious law firms. The bank space is available for lease.

Construction Materials

Concrete: 1 Frame: 1

Cooling

Central Air: 1 Electric: 1

Current Use

Commercial: 1

Flooring

Carpet: 1

Heating

Central: 1 Electric: 1

Listing Terms

Cash: 1 Conventional: 1 Lease Back: 1 Lease Option: 1

Possession

Close Of Escrow: 1

Income and Expenses

Gross Scheduled Income: 321741 Net Operating Income: 188477

Roof

Tar/Gravel: 1

Security Features

Smoke Detector(s): 1

Sewer

Public Sewer: 1

Water Source

Public: 1

Showing Requirements

Appointment Only: 1 Call Listing Agent: 1

Building Features

% Air Conditioned or Heated: 100 Clear Ceiling Height: 20548 Elevator: 1

Ceiling Type

Acoustic: 1

Location

City: 1

Sale Includes

Building & Land: 1

Contract Information

Current Price: $2,300,000 Original List Price: 2900000 Sold Price: $2,300,000 Status: Closed Listing Contract Date: 2020-09-14 Property Sub Type: Business

Location Tax and Legal

Street Number: 175 Street Direction Prefix: E Street Name: Nasa Street Suffix: Boulevard Street Direction Suffix: E County: Brevard State: FL Postal Code: 32901 MLS Area Major: 330 - Melbourne - Central

Status Change Information

Major Change Timestamp: 2023-11-11T09:36:49Z Major Change Type: Price Reduced Price Change Timestamp: 2021-05-26T14:43:10Z Status Change Timestamp: 2021-09-07 Purchase Contract Date: 2021-06-28 Close Date: 2021-09-02 Close Price: 2300000

Property Features

Building Features: Elevator Ceiling Type: Acoustic Construction Materials: Concrete; Frame Cooling: Central Air; Electric Current Use: Commercial Flooring: Carpet Heating: Central; Electric Listing Terms: Cash; Conventional; Lease Back; Lease Option Possession: Close Of Escrow Roof: Tar/Gravel Sale Includes: Building & Land Security Features: Smoke Detector(s) Sewer: Public Sewer Showing Requirements: Appointment Only; Call Listing Agent Water Source: Public
Listing Office: One Sotheby's International
Last Updated: January - 19 - 2026
Information is deemed to be reliable, but is not guaranteed.

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