7,15,17,19 N Orlando And 159 Minutemen Avenue, Cocoa Beach, FL 32931

$3,100,000

Property Type: Commercial Sale Square Footage: 12,692 Lot Size (sq. ft.): 18,295 Status: Closed

Current Price: $3,100,000 List Date: 12/16/2020 Last Modified: 11/02/2024

Overview

Description

On the very best corner of downtown Cocoa Beach.; Entire Building is over 12,690 sq.ft. Over 5000 sq.ft Restaurant and jazz bar with All equipment, inventory, furnishings and SRX license go with the sale. 2nd set of units is 159-163 Minutemen Cswy. 8 Units in all. Currently all leased but 1. See attachments for more information. You can't beat this location!

Listing Details MLS# 867261

General Property Information

Number Of Units Total: 8
Stories Total: Yes
Building Area Total: 12692
Year Built: 1961
Lot Size Acres: 0.42
Property Use: C-RETAIL STORE - MULTIPLE UNITS (1110)
Use Code: 11 / STORES, ONE STORY
Association YN: No
Water Body Access YN: No
Waterfront YN: No
List Price/SqFt: 307.28
Sold Price/SqFt: 244.25

Property Features

Cooling: Central Air Current Use: Commercial Flooring: Carpet; Tile Heating: Central Listing Terms: Cash; Conventional; Lease Option Location: Beach Area; Shopping Center Possession: Close Of Escrow Roof: Rolled/Hot Mop; Steel Joist Sale Includes: Building & Land Security Features: Smoke Detector(s) Showing Requirements: Appointment Only; Call Listing Agent Special Listing Conditions: Presently Leased Water Source: Public

Contract Information

Original List Price: 4100000
Listing Contract Date: 2020-02-03
Property Sub Type: Business

Location Tax and Legal

Street Number: 7,15,17,19
Street Direction Prefix: N
Street Name: Orlando And 159 Minutemen
Street Suffix: Avenue
County: Brevard
State: FL
Postal Code: 32931
MLS Area Major: 272 - Cocoa Beach

Remarks and Miscellaneous

Public Remarks: On the very best corner of downtown Cocoa Beach.; Entire Building is over 12,690 sq.ft. Over 5000 sq.ft Restaurant and jazz bar with All equipment, inventory, furnishings and SRX license go with the sale. 2nd set of units is 159-163 Minutemen Cswy. 8 Units in all. Currently all leased but 1. See attachments for more information. You can't beat this location!

Status Change Information

Major Change Timestamp: 2023-11-11T09:36:45Z
Major Change Type: Price Reduced
Price Change Timestamp: 2020-12-17T15:33:26Z
Status Change Timestamp: 2021-08-26
Purchase Contract Date: 2021-05-25
Close Date: 2021-08-25
Close Price: 3100000

More Information

Income and Expenses

Gross Scheduled Income: 229200
Insurance Expense: 15000
Net Operating Income: 192000
New Taxes Expense: 14000

Historical Information

Public Historical Remarks 3: Expenses-Utilities: 9000

Location, Tax, and Legal

Tax Account: 2517497
Parcel Number: 25-37-11-Db-00100.0-0010.00
General County Location: Central
Tax Year: 2019
Tax Legal Description: COCOA BEACH, 1ST ADDN TO LOTS 10, 11, 12 EXC E 2 INCHES OF LOT 10 BLK 100
Directions: South on A1A from 520, continue south past split, property on left corner of Minutemen Causeway and Orlando.

Cooling

Central Air: Yes

Current Use

Commercial: Yes

Flooring

Carpet: Yes
Tile: Yes

Heating

Central: Yes

Listing Terms

Cash: Yes
Conventional: Yes
Lease Option: Yes

Possession

Close Of Escrow: Yes

Roof

Rolled/Hot Mop: Yes
Steel Joist: Yes

Security Features

Smoke Detector(s): Yes

Special Listing Conditions

Presently Leased: Yes

Water Source

Public: Yes

Showing Requirements

Appointment Only: Yes
Call Listing Agent: Yes

Location

Beach Area: Yes
Shopping Center: Yes

Sale Includes

Building & Land: Yes

Listing Office: Coldwell Banker Realty

Last Updated: November - 02 - 2024

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