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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: 12/13/2023

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!

More Information MLS# 867261

Contract Information

Current Price: $3,100,000 Original List Price: 4100000 Sold Price: $3,100,000 Status: Closed 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 Tax Account: 2517497 Parcel Number: 25-37-11-Db-00100.0-0010.00 County: Brevard State: FL Postal Code: 32931 MLS Area Major: 272 - Cocoa Beach 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.

General Property Information

Number Of Units Total: 8 Stories Total: 1 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 Waterfront YN: No List Price/SqFt: 307.28 Sold Price/SqFt: 244.25

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

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

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
Listing Office: Coldwell Banker Realty
Last Updated: December - 13 - 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.