2099 Palm Bay Road NE, Palm Bay, FL 32905
$785,000
Property Type:
Commercial Sale
Square Footage:
3,780
Lot Size (sq. ft.):
20,038
Status:
Closed
Current Price:
$785,000
List Date:
10/06/2020
Last Modified:
11/02/2024
Description
Outstanding property with strong cash flows! A true rare find, one owner building with strong cash flows since 1999.
Direct Frontage on Palm Bay Road,
High Traffic Counts, Easy access to I-95 & US-1, close proximity to Harris Corporation. Fully LEASED, Newer Roof, Impeccably maintained building, ready for its new owner. 7% Cap! Low vacancy throughout the years.
More Information MLS# 886998
Location, Tax, and Legal
Tax Account: 2831773
Parcel Number: 28-37-22-01-00002.0-0002.00
General County Location: South
Tax Annual Amount: 9122.69
Tax Year: 2019
Tax Legal Description: PALM BAY HOMES SUBD LOTS 2, 3 & 4 EXC RD R/W BLK 2
Directions: I-95 South, Exit East on Palm Bay Road, Property on Left
General Property Information
Number Of Units Total: 3
Stories Total: 1
Building Area Total: 3780
Lot Size Acres: 0.46
Association YN: No
Property Use: C-RETAIL STORE - MULTIPLE UNITS (1110)
Water Body Access YN: No
Use Code: 11 / STORES, ONE STORY
List Price/SqFt: 291.01
Sold Price/SqFt: 207.67
Year Built: 1999
Remarks and Miscellaneous
Public Remarks: Outstanding property with strong cash flows! A true rare find, one owner building with strong cash flows since 1999.
Direct Frontage on Palm Bay Road,
High Traffic Counts, Easy access to I-95 & US-1, close proximity to Harris Corporation. Fully LEASED, Newer Roof, Impeccably maintained building, ready for its new owner. 7% Cap! Low vacancy throughout the years.
Cooling
Central Air: 1
Current Use
Commercial: 1
Flooring
Other: 1
Heating
Central: 1
Listing Terms
Cash: 1
Conventional: 1
Lease Option: 1
Possession
Close Of Escrow: 1
Special Listing Conditions
Presently Leased: 1
Water Source
Public: 1
Showing Requirements
Appointment Only: 1
Building Features
% Air Conditioned or Heated: 3780
Clear Ceiling Height: 3780
Showing Considerations
Occupied: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 3: Utilities-3-Phase Electric: Y
Contract Information
Current Price: $785,000
Original List Price: 1100000
Sold Price: $785,000
Status: Closed
Listing Contract Date: 2020-04-03
Property Sub Type: Business
Location Tax and Legal
Street Number: 2099
Street Name: Palm Bay
Street Suffix: Road
Street Direction Suffix: NE
County: Brevard
State: FL
Postal Code: 32905
MLS Area Major: 340 - NE Palm Bay
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2020-12-31T22:26:23Z
Major Change Type: Status Change
Status Change Timestamp: 2020-12-31
Purchase Contract Date: 2020-12-19
Close Date: 2020-12-31
Close Price: 785000
Property Features
Cooling: Central Air
Current Use: Commercial
Flooring: Other
Heating: Central
Listing Terms: Cash; Conventional; Lease Option
Possession: Close Of Escrow
Sale Includes: Building & Land
Showing Considerations: Occupied
Showing Requirements: Appointment Only
Special Listing Conditions: Presently Leased
Water Source: Public
Listing Office:
Waterman Real Estate Inc.
Last Updated: November - 02 - 2024
Information is deemed to be reliable, but is not guaranteed.