5270 N Highway 1 Highway, Melbourne, FL 32940

$2,725,000

Property Type: Commercial Sale Square Footage: 32,300 Lot Size (sq. ft.): 311,890 Status: Closed

Current Price: $2,725,000 List Date: 5/16/2019 Last Modified: 11/02/2024

Description

Amazing location close to Suntree, beaches, Merritt Isalnd, and PAFB. Exceptional visibility -Traffic count of more than 30,000 cars per day. Beautiful facility with 32,300 SF of air conditioned, remodeled space. Currently used as a climbing gym and recreation center with café, but CP Zoning offers liberal use. The building sits on 7.16 acres with plenty of room for expansion or additional buildings or amenities with height up to 40 ft. Overlooking the Indian River with riverfront property included.Current owner invested more than $600,000 in remodel, including electrical and HVAC. New sewer lines and lift station installed. Existing user may lease back if Buyer would like. Fantastic site for business or recreation/aquatic center with great parking. Fenced property with pylon sign.

More Information MLS# 845203

Location, Tax, and Legal

Tax Account: 2609834 Parcel Number: 26-37-30-00-00012.0-0000.00 General County Location: South Tax Annual Amount: 37076 Tax Year: 2018 Tax Legal Description: N 1/2 OF S 1/2 OF LOT 2 W OF US HWY 1 & E OF OLD DIXIE HWY EXC ORB 4420 PG 1988 Directions: Less than one mile south of the Pineda Causeway on the west side of US1.

General Property Information

Number Of Units Total: 1 Stories Total: 1 Building Area Total: 32300 Lot Size Acres: 7.16 Association YN: No Property Use: C-RECREATION HALL (3220) Water Body Access YN: No Waterfront YN: Yes Water Body Name: Indian River Use Code: 27 / AUTO SALES, REPAIR, ETC List Price/SqFt: 123.68 Sold Price/SqFt: 84.37 Year Built: 1996

Remarks and Miscellaneous

Public Remarks: Amazing location close to Suntree, beaches, Merritt Isalnd, and PAFB. Exceptional visibility -Traffic count of more than 30,000 cars per day. Beautiful facility with 32,300 SF of air conditioned, remodeled space. Currently used as a climbing gym and recreation center with café, but CP Zoning offers liberal use. The building sits on 7.16 acres with plenty of room for expansion or additional buildings or amenities with height up to 40 ft. Overlooking the Indian River with riverfront property included.Current owner invested more than $600,000 in remodel, including electrical and HVAC. New sewer lines and lift station installed. Existing user may lease back if Buyer would like. Fantastic site for business or recreation/aquatic center with great parking. Fenced property with pylon sign.

Cooling

Central Building: 1 Electric: 1

Current Use

Commercial: 1

Flooring

Vinyl: 1

Heating

Central: 1 Electric: 1

Listing Terms

Cash: 1 Conventional: 1

Lot Features

Other: 1

Possession

Negotiable: 1

Roof

Metal: 1

Security Features

Fire Sprinkler System: 1 Secured Lobby: 1 Security Fence: 1 Security System Owned: 1 Smoke Detector(s): 1

Sewer

Public Sewer: 1

Special Listing Conditions

Corporate Owned: 1 Use Conforms to Zone: 1

Water Source

Public: 1

Waterfront Features

River Front: 1

Showing Requirements

Call Listing Agent: 1 Listing Agent Must Accompany: 1

Building Features

% Air Conditioned or Heated: 100 Clear Ceiling Height: 20 Fenced: 1 Kitchen Facilities: 1 Lobby: 1 Overhead Doors: 1 Public Restroom: 1 Reception Area: 1 Restaurant: 1 Separate Office Area: 1 Showroom: 1

Location

City: 1

Sale Includes

Building & Land: 1

Historical Information

Public Historical Remarks 2: Site Description-Fenced: Y Public Historical Remarks 3: Current Zoning: CP, Utilities-3-Phase Electric: Y

Contract Information

Current Price: $2,725,000 Original List Price: 4250000 Sold Price: $2,725,000 Status: Closed Listing Contract Date: 2019-05-13 Property Sub Type: Business

Location Tax and Legal

Street Number: 5270 Street Direction Prefix: N Street Name: Highway 1 Street Suffix: Highway County: Brevard State: FL Postal Code: 32940 MLS Area Major: 322 - NE Melbourne/Palm Shores Subdivision Name: None

Status Change Information

Major Change Timestamp: 2023-11-11T09:28:43Z Major Change Type: Price Reduced Price Change Timestamp: 2020-05-15T18:17:57Z Status Change Timestamp: 2021-02-03 Purchase Contract Date: 2020-12-10 Close Date: 2021-02-03 Close Price: 2725000

Property Features

Building Features: Fenced; Kitchen Facilities; Lobby; Overhead Doors; Public Restroom; Reception Area; Restaurant; Separate Office Area; Showroom Cooling: Central Building; Electric Current Use: Commercial Flooring: Vinyl Heating: Central; Electric Listing Terms: Cash; Conventional Lot Features: Other Possession: Negotiable Roof: Metal Sale Includes: Building & Land Security Features: Fire Sprinkler System; Secured Lobby; Security Fence; Security System Owned; Smoke Detector(s) Sewer: Public Sewer Showing Requirements: Call Listing Agent; Listing Agent Must Accompany Special Listing Conditions: Corporate Owned; Use Conforms to Zone Water Source: Public Waterfront Features: River Front

Listing Office: Coldwell Banker Paradise

Last Updated: November - 02 - 2024

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