587 W Eau Gallie Boulevard, Melbourne, FL 32935

$1,950,000

Virtual Tour

https://www.propertypanorama.com/instaview/spc/1045173

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

Overview

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!

Listing Details MLS# 1045173

General Property Information

Number Of Units Total: 6
Stories Total: 2
Bathrooms Total: 9
Building Area Total: 8580
Year Built: 1920
Building Name: Gould Business Center
Lot Size Acres: 0.2
Land Lease YN: No
Association YN: No
Water Body Access YN: No
Waterfront YN: No
List Price/SqFt: 255.83
Sold Price/SqFt: 227.27

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

Contract Information

Original List Price: 2195000
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

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!

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

More Information

Unit 1 Details

Unit ID: 101
Annual Rent: Yes
Unit SqFt: 1877
# Units (This Type): Yes
Furnished: Unfurnished
Unit Remarks: Funky Dog Theatrical (Call for Rent Roll)

Unit 2 Details

Unit ID: 102
Annual Rent: Yes
Unit SqFt: 624
# Units (This Type): Yes
Furnished: Unfurnished
Unit Remarks: Leslie Taylor Hair (Call for Rent Roll)

Unit 3 Details

Unit ID: 103
Annual Rent: Yes
Unit SqFt: 690
# Units (This Type): Yes
Furnished: Unfurnished
Unit Remarks: Fern & Curl Designs (Call for Rent Roll)

Unit 4 Details

Unit ID: 104
Annual Rent: Yes
Unit SqFt: 2122
# Units (This Type): Yes
Furnished: Unfurnished
Unit Remarks: Hot Air Network Group (Call for Rent Roll)

Unit 5 Details

Unit ID: 105
Annual Rent: Yes
Unit SqFt: 848
# Units (This Type): Yes
Furnished: Unfurnished
Unit Remarks: Lourdes Library, Inc. (Call for Rent Roll)

Unit 6 Details

Unit ID: 201
Annual Rent: Yes
Unit SqFt: 1780
# Units (This Type): Yes
Furnished: Unfurnished
Unit Remarks: MK Structural Engineering (Call for Rent Roll)

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.

Construction Materials

Block: Yes
Concrete: Yes

Cooling

Central Air: Yes

Current Use

Commercial: Yes
Mixed Use: Yes
Office: Yes
Retail: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Historic Area: Yes

Parking Features

Parking Lot: Yes

Sewer

Public Sewer: Yes

Utilities

Electricity Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Water Source

Public: Yes

Showing Requirements

Appointment Only: Yes
Call Listing Agent: Yes
Listing Agent Must Accompany: Yes

Ceiling Type

Acoustic: Yes
Exposed: Yes

Existing Lease Type

NNN: Yes

Location

Central Business District: Yes

Sale Includes

Building & Land: Yes

Listing Office: The Ullian Realty Corporation

Last Updated: July - 31 - 2025

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