1500 Main St, Palm Bay, FL 32905

12,000 SF | Flex Building | Palm Bay, FL 32905 | $1,150,000 ($96/SF) | 5.57% Cap Rate

Asking Price $1,150,000

Property Type: Industrial
Price / Square Foot: $96

Listing Contacts

Property Info

Property Overview

• Footprint est. 2,040 SF HVAC Office + 4,680 SF Warehouse = 6,720 SF Total.
• Upstairs +/- 1,600 SF 2/1 Apartment + est. 3,680 SF Unfinished Storage/Attic.
• Total of 12,000 SF Between 2 Floors.
• 100% Occupied. LL Collects $7,000/month. Term Expires 7/31/25.
• Est. 2024 NOI $64,000 (5.5% CAP).
• Three 9' Wide x 7' Tall +/- Grade Level Doors + One 9' Wide x 10' Tall +/- Door.
• Warehouse Concrete Floor and est. 8' 6" Ceiling Height.
• City Water/Sewer; FPL Electric.
• Corner Lot. 100% Fenced/Gated, Mostly Cleared, Partially Paved.
• HC Zoning: Contractor's Office with Outdoor Storage, Automotive, Retail, Daycare & More!
• DO NOT DISTURB OCCUPANT.
• Located in northeast Palm Bay just off of the US1 x Palm Bay Road intersection. Surrounding employers include L3Harris, Leonardo DRS, Tibbetts Lumber & ABC Supply to name a few. Close proximity to Downtown Melbourne, Hammock Landing Mall and the beaches. Call today for details!

Property Details

Class: C
Year Built: 1977
Stories: 2
Property Subtype: Flex, Distribution, R&D, Service, Office Live/Work Unit
Lot Size (sq. ft): 23,958 SF

Highlights

Est. 2,040 SF Office + 4,680 SF Warehouse = 6,720 SF Footprint + Upstairs 1,600 SF 2/1 Apartment + 3,680 SF Storage = 12,000 SF Total
100% Occupied. LL Collects $7,000/month. Term Expires 7/31/25
Est. 2024 NOI $64,000 (5.5% CAP)
Three 9' Wide x 7' Tall +/- Grade Level Doors + One 9' Wide x 10' Tall +/- Grade Level Door
Corner Lot. 100% Fenced/Gated, Mostly Cleared, Partially Paved
DO NOT DISTURB OCCUPANT

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