587 W Eau Gallie Boulevard, Melbourne, FL 32935
$1,950,000
Property Type:
Commercial Sale
Baths:
9
Square Footage:
8,580
Lot Size (sq. ft.):
8,712
Status:
Closed
Current Price:
$1,950,000
List Date:
5/04/2025
Last Modified:
7/31/2025
Description
Excellent opportunity to purchase a 100% occupied mixed use retail/office/bar building in the heart of EGAD! Six unit which total 8,580 SF. Each unit is individually metered for electric. Water is common. All leases are NNN structures. Rent roll and leases will be provided to qualified Buyers. Utilities include City Water/Sewer, FPL Electric & Spectrum Fiber. 5 concrete paved/striped/lighted parking spaces. Exposure to est. 17,500 VPD on Eau Gallie Boulevard. Eau Gallie Boulevard is a direct connector between I-95, US1 and the beaches. Surrounding businesses include Intracoastal Brewing, Tomahawk Robotics, Pineapples, and Squid Lips to name a few. Call today for details!
More Information MLS# 1045173
Location, Tax, and Legal
Tax Account: 2717232
Parcel Number: 27-37-16-25-00023.0-0005.00
General County Location: South
Tax Annual Amount: 11601.3
Tax Year: 2024
Tax Legal Description: EAU GALLIE, VILLAGE PLAT OF E 1/2 OF LOTS 5,6 BLK 23
Directions: Located on the south side of Eau Gallie Boulevard, east of Guava Avenue and west of Highland Avenue.
General Property Information
Number Of Units Total: 6
Stories Total: 2
Building Area Total: 8580
Lot Size Acres: 0.2
Association YN: No
Building Name: Gould Business Center
Water Body Access YN: No
Waterfront YN: No
Land Lease YN: No
List Price/SqFt: 255.83
Sold Price/SqFt: 227.27
Bathrooms Total: 9
Year Built: 1920
Remarks and Miscellaneous
Public Remarks: Excellent opportunity to purchase a 100% occupied mixed use retail/office/bar building in the heart of EGAD! Six unit which total 8,580 SF. Each unit is individually metered for electric. Water is common. All leases are NNN structures. Rent roll and leases will be provided to qualified Buyers. Utilities include City Water/Sewer, FPL Electric & Spectrum Fiber. 5 concrete paved/striped/lighted parking spaces. Exposure to est. 17,500 VPD on Eau Gallie Boulevard. Eau Gallie Boulevard is a direct connector between I-95, US1 and the beaches. Surrounding businesses include Intracoastal Brewing, Tomahawk Robotics, Pineapples, and Squid Lips to name a few. Call today for details!
Construction Materials
Block: 1
Concrete: 1
Cooling
Central Air: 1
Current Use
Commercial: 1
Mixed Use: 1
Office: 1
Retail: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Historic Area: 1
Parking Features
Parking Lot: 1
Sewer
Public Sewer: 1
Unit 1 Details
Unit ID: 101
Annual Rent: 1
Unit SqFt: 1877
# Units (This Type): 1
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Funky Dog Theatrical (Call for Rent Roll)
Unit 2 Details
Unit ID: 102
Annual Rent: 1
Unit SqFt: 624
# Units (This Type): 1
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Leslie Taylor Hair (Call for Rent Roll)
Unit 3 Details
Unit ID: 103
Annual Rent: 1
Unit SqFt: 690
# Units (This Type): 1
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Fern & Curl Designs (Call for Rent Roll)
Unit 4 Details
Unit ID: 104
Annual Rent: 1
Unit SqFt: 2122
# Units (This Type): 1
Baths Total: 2
Furnished: Unfurnished
Unit Remarks: Hot Air Network Group (Call for Rent Roll)
Unit 5 Details
Unit ID: 105
Annual Rent: 1
Unit SqFt: 848
# Units (This Type): 1
Baths Total: 2
Furnished: Unfurnished
Unit Remarks: Lourdes Library, Inc. (Call for Rent Roll)
Unit 6 Details
Unit ID: 201
Annual Rent: 1
Unit SqFt: 1780
# Units (This Type): 1
Baths Total: 2
Furnished: Unfurnished
Unit Remarks: MK Structural Engineering (Call for Rent Roll)
Utilities
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
Water Source
Public: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Listing Agent Must Accompany: 1
Ceiling Type
Acoustic: 1
Exposed: 1
Existing Lease Type
NNN: 1
Location
Central Business District: 1
Sale Includes
Building & Land: 1
Contract Information
Current Price: $1,950,000
Original List Price: 2195000
Sold Price: $1,950,000
Status: Closed
Listing Contract Date: 2025-05-04
Property Sub Type: Mixed Use
Location Tax and Legal
Street Number: 587
Street Direction Prefix: W
Street Name: Eau Gallie
Street Suffix: Boulevard
County: Brevard
State: FL
Postal Code: 32935
MLS Area Major: 323 - Eau Gallie
Subdivision Name: Village Plat of Eau Gallie
Status Change Information
Major Change Timestamp: 2025-07-31T12:07:27Z
Major Change Type: Status Change
Status Change Timestamp: 2025-07-31
Purchase Contract Date: 2025-07-31
Close Date: 2025-07-31
Close Price: 1950000
Property Features
Ceiling Type: Acoustic; Exposed
Construction Materials: Block; Concrete
Cooling: Central Air
Current Use: Commercial; Mixed Use; Office; Retail
Existing Lease Type: NNN
Listing Terms: Cash; Conventional
Location: Central Business District
Lot Features: Historic Area
Parking Features: Parking Lot
Sale Includes: Building & Land
Sewer: Public Sewer
Showing Requirements: Appointment Only; Call Listing Agent; Listing Agent Must Accompany
Utilities: Electricity Connected; Sewer Connected; Water Connected
Water Source: Public
Listing Office:
The Ullian Realty Corporation
Last Updated: July - 31 - 2025
Information is deemed to be reliable, but is not guaranteed.