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Key Details
Sold Price $2,250,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 6,092 sqft
Price per Sqft $369
MLS Listing ID 1034627
Sold Date 05/09/25
Total Fin. Sqft 6092
Year Built 1964
Annual Tax Amount $15,355
Tax Year 2024
Lot Size 0.690 Acres
Acres 0.69
Property Sub-Type Office
Source Space Coast MLS (Space Coast Association of REALTORS®)
Property Description
This updated income-producing property in the heart of Satellite Beach, offers an unbeatable location just steps from the shoreline. Fully leased to stable tenants, this remodeled gem is a rare find for investors seeking reliable returns with a 6.25% cap rate.
The interior has been fully renovated, boasting modern finishes that attract and retain high-quality tenants. The property features a new roof, ensuring low maintenance for years to come. A pending lease with a popular food truck operator for the parking lot further enhances the property's income potential, making this a versatile and lucrative investment.
This beachside property combines long-term stability with exciting future growth opportunities, all in a highly sought-after location.
Location
State FL
County Brevard
Area 382-Satellite Bch/Indian Harbour Bch
Direction Cross the Eau Gallie Causeway into Indian Harbour Beach and proceed east on Eau Gallie Blvd. when you reach N Highway A1A turn left and proceed north for 2.4 miles until you reach your destination on the left 1404 SR- A1A Satellite Beach
Exterior
Exterior Feature ExteriorFeatures
Parking Features Parking Lot
Garage No
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 27-37-01-00-00266.0-0000.00
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Bought with Relentless Real Estate Co.
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Michael Pruitt
Broker Asociate, Realtor Emeritus License ID: BK3007251
Broker Asociate, Realtor Emeritus License ID: BK3007251