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5270 N Highway 1 Highway, Melbourne, FL 32940

$2,725,000
Property Type: Commercial Sale Square Footage: 32,300 Lot Size (sq. ft.): 311,890 Status: Closed
Current Price: $2,725,000 List Date: 5/16/2019 Last Modified: 12/16/2023

Description

Amazing location close to Suntree, beaches, Merritt Isalnd, and PAFB. Exceptional visibility -Traffic count of more than 30,000 cars per day. Beautiful facility with 32,300 SF of air conditioned, remodeled space. Currently used as a climbing gym and recreation center with café, but CP Zoning offers liberal use. The building sits on 7.16 acres with plenty of room for expansion or additional buildings or amenities with height up to 40 ft. Overlooking the Indian River with riverfront property included.Current owner invested more than $600,000 in remodel, including electrical and HVAC. New sewer lines and lift station installed. Existing user may lease back if Buyer would like. Fantastic site for business or recreation/aquatic center with great parking. Fenced property with pylon sign.

More Information MLS# 845203

Contract Information

Current Price: $2,725,000 Original List Price: 4250000 Sold Price: $2,725,000 Status: Closed Listing Contract Date: 2019-05-13 Property Sub Type: Business

Location, Tax, and Legal

Street Number: 5270 Street Direction Prefix: N Street Name: Highway 1 Street Suffix: Highway Tax Account: 2609834 Parcel Number: 26-37-30-00-00012.0-0000.00 County: Brevard State: FL Postal Code: 32940 MLS Area Major: 322 - NE Melbourne/Palm Shores General County Location: South Subdivision Name: None Tax Annual Amount: 37076 Tax Year: 2018 Tax Legal Description: N 1/2 OF S 1/2 OF LOT 2 W OF US HWY 1 & E OF OLD DIXIE HWY EXC ORB 4420 PG 1988 Directions: Less than one mile south of the Pineda Causeway on the west side of US1.

General Property Information

Number Of Units Total: 1 Stories Total: 1 Building Area Total: 32300 Year Built: 1996 Lot Size Acres: 7.16 Property Use: C-RECREATION HALL (3220) Use Code: 27 / AUTO SALES, REPAIR, ETC Association YN: No Waterfront YN: Yes Water Body Name: Indian River List Price/SqFt: 123.68 Sold Price/SqFt: 84.37

Remarks and Miscellaneous

Public Remarks: Amazing location close to Suntree, beaches, Merritt Isalnd, and PAFB. Exceptional visibility -Traffic count of more than 30,000 cars per day. Beautiful facility with 32,300 SF of air conditioned, remodeled space. Currently used as a climbing gym and recreation center with café, but CP Zoning offers liberal use. The building sits on 7.16 acres with plenty of room for expansion or additional buildings or amenities with height up to 40 ft. Overlooking the Indian River with riverfront property included.Current owner invested more than $600,000 in remodel, including electrical and HVAC. New sewer lines and lift station installed. Existing user may lease back if Buyer would like. Fantastic site for business or recreation/aquatic center with great parking. Fenced property with pylon sign.

Status Change Information

Major Change Timestamp: 2023-11-11T09:28:43Z Major Change Type: Price Reduced Price Change Timestamp: 2020-05-15T18:17:57Z Status Change Timestamp: 2021-02-03 Purchase Contract Date: 2020-12-10 Close Date: 2021-02-03 Close Price: 2725000

Building Features

% Air Conditioned or Heated: 100 Clear Ceiling Height: 20

Historical Information

Public Historical Remarks 2: Site Description-Fenced: Y Public Historical Remarks 3: Current Zoning: CP, Utilities-3-Phase Electric: Y

Property Features

Building Features: Fenced; Kitchen Facilities; Lobby; Overhead Doors; Public Restroom; Reception Area; Restaurant; Separate Office Area; Showroom Cooling: Central Building; Electric Current Use: Commercial Flooring: Vinyl Heating: Central; Electric Listing Terms: Cash; Conventional Lot Features: Other Possession: Negotiable Roof: Metal Sale Includes: Building & Land Security Features: Fire Sprinkler System; Secured Lobby; Security Fence; Security System Owned; Smoke Detector(s) Sewer: Public Sewer Showing Requirements: Call Listing Agent; Listing Agent Must Accompany Special Listing Conditions: Corporate Owned; Use Conforms to Zone Water Source: Public Waterfront Features: River Front
Listing Office: Coldwell Banker Paradise
Last Updated: December - 16 - 2023

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

The listing broker’s offer of compensation is made only to participants of Space Coast MLS as well as Florida Realtors® MLS Advantage Participants and Particpants in the Coast2Coast datashare.