4343 Fortune Place, West Melbourne, FL 32904

$1,270,000

Virtual Tour

https://www.propertypanorama.com/instaview/spc/1044798

Property Type: Commercial Sale Baths: 8 Square Footage: 9,600 Lot Size (sq. ft.): 60,548 Status: Closed

Current Price: $1,270,000 List Date: 4/30/2025 Last Modified: 9/05/2025

Overview

Description

Well-maintained 9,000 square foot Flex Office/R&D building, ideally suited for engineering, technology, or light manufacturing uses. Currently 100% occupied by a national, high-tech engineering tenant who has been in place for 20 years. A renewal for an additional 5-year lease term is currently under negotiation, offering stable income and long-term tenancy. Constructed with concrete block and steel roof joists, this high-tech facility is fully climate-controlled and supported by robust infrastructure, including city water/sewer, fiber connectivity, and 3-phase power (currently wired for 120/240V, 1175 Amps via FPL). The building is also equipped with secure high speed communication links and a secure area for systems development, test, maintenance, and enhancement.

Listing Details MLS# 1044798

General Property Information

Number Of Units Total: Yes
Stories Total: Yes
Bathrooms Total: 8
Building Area Total: 9600
Year Built: 1992
Lot Size Acres: 1.39
Water Body Access YN: No
List Price/SqFt: 145.83
Sold Price/SqFt: 132.29

Property Features

Building Features: Meeting Room; Office; Private Restroom; Public Restroom; Separate Office Area; Separate Warehouse Area; Storage Construction Materials: Concrete Lot Features: Other Parking Features: Parking Lot Possession: Negotiable Road Frontage Type: County Road Sale Includes: Building & Land Sewer: Unknown Showing Requirements: Call Listing Agent; Call Listing Office Water Source: Other

Contract Information

Original List Price: 1400000
Listing Contract Date: 2025-04-21
Property Sub Type: Warehouse

Location Tax and Legal

Street Number: 4343
Street Name: Fortune
Street Suffix: Place
County: Brevard
State: FL
Postal Code: 32904
MLS Area Major: 331 - West Melbourne
Subdivision Name: None

Remarks and Miscellaneous

Public Remarks: Well-maintained 9,000 square foot Flex Office/R&D building, ideally suited for engineering, technology, or light manufacturing uses. Currently 100% occupied by a national, high-tech engineering tenant who has been in place for 20 years. A renewal for an additional 5-year lease term is currently under negotiation, offering stable income and long-term tenancy. Constructed with concrete block and steel roof joists, this high-tech facility is fully climate-controlled and supported by robust infrastructure, including city water/sewer, fiber connectivity, and 3-phase power (currently wired for 120/240V, 1175 Amps via FPL). The building is also equipped with secure high speed communication links and a secure area for systems development, test, maintenance, and enhancement.

Status Change Information

Major Change Timestamp: 2025-09-05T16:14:11Z
Major Change Type: Status Change
Status Change Timestamp: 2025-09-05
Purchase Contract Date: 2025-07-21
Close Date: 2025-09-04
Close Price: 1270000

More Information

Income and Expenses

Gross Income: 166946
Gross Scheduled Income: 163564
Insurance Expense: 13683
Maintenance Expense: 5208
Operating Expense: 46250

Unit 1 Details

Unit ID: Yes
Annual Rent: Yes
Unit SqFt: 9000
# Units (This Type): 3
Furnished: Unfurnished
Unit Remarks: *

Non Member Info

Non-Member Brokerage: None
Non-Member Name: None

Documents

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Listing Office: Sperry CGA-Flint Brokers

Last Updated: September - 05 - 2025

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