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: 6/27/2026

Overview

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.

Listing Details MLS# 886998

General Property Information

Number Of Units Total: 3
Stories Total: Yes
Building Area Total: 3780
Year Built: 1999
Lot Size Acres: 0.46
Property Use: C-RETAIL STORE - MULTIPLE UNITS (1110)
Use Code: 11 / STORES, ONE STORY
Association YN: No
Water Body Access YN: No
List Price/SqFt: 291.01
Sold Price/SqFt: 207.67

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

Contract Information

Original List Price: 1100000
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

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.

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

More Information

Building Features

% Air Conditioned or Heated: 3780
Clear Ceiling Height: 3780

Historical Information

Public Historical Remarks 3: Utilities-3-Phase Electric: Y

Listing Office: Waterman Real Estate Inc.

Last Updated: June - 27 - 2026

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