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775 Malabar Road SE, Malabar, FL 32950

$4,950,000
Property Type: Commercial Sale Square Footage: 8,016 Lot Size (sq. ft.): 217,800 Status: Active
Current Price: $4,950,000 List Date: 9/15/2023 Last Modified: 12/19/2023

Description

Beautiful property for sale with ability to develop the additional vacant land space. Multiunit Building with an existing 1 tenant, 3 year lease in place. New skylights, solar panels, 40 plus parking spots in total, tenant covers lawn maintenance on front portion of building, improved pad in the rear of the property. Site plan is set up for 3-5 additional buildings.

More Information MLS# 975197

Contract Information

Current Price: $4,950,000 Original List Price: 4950000 List Price: $4,950,000 Status: Active Listing Contract Date: 2023-09-14 Property Sub Type: Business

Location, Tax, and Legal

Street Number: 775 Street Name: Malabar Street Suffix: Road Street Direction Suffix: SE Tax Account: 2960441 Parcel Number: 29-37-03-02-00000.0-0001.01 County: Brevard State: FL Postal Code: 32950 MLS Area Major: 342 - Malabar/Grant-Valkaria General County Location: South Subdivision Name: Pierce Mangurian Subdivision Tax Annual Amount: 16085.1 Tax Year: 2022 Tax Legal Description: PIERCE MANGURIAN SUBDIVISION E 5 ACRES OF LOT 1 AS DESC IN ORB 3871 PG 3959 Directions: Located 5 min from I-95 and 5 min from US-1

General Property Information

Number Of Units Total: 4 Stories Total: 1 Building Area Total: 8016 Year Built: 2002 Lot Size Acres: 5 Property Use: C-PROFESSIONAL BUILDING - MULTI TENANT - 1 STORY (1910) Use Code: 19 / PROFESSIONAL BUILDING Waterfront YN: No List Price/SqFt: 617.51

Remarks and Miscellaneous

Public Remarks: Beautiful property for sale with ability to develop the additional vacant land space. Multiunit Building with an existing 1 tenant, 3 year lease in place. New skylights, solar panels, 40 plus parking spots in total, tenant covers lawn maintenance on front portion of building, improved pad in the rear of the property. Site plan is set up for 3-5 additional buildings.

Status Change Information

Major Change Timestamp: 2023-09-15T02:11:12Z Major Change Type: New Listing Status Change Timestamp: 2023-09-14

Historical Information

Public Historical Remarks 1: Construction-Metal: Y Public Historical Remarks 3: Legal/Misc-Home Warranty: No

Property Features

Construction Materials: Brick Cooling: Ceiling Fan(s); Central Air; Exhaust Fan Current Use: Commercial Flooring: Tile Heating: None Listing Terms: Cash; Conventional; Lease Option Possession: Close Of Escrow Roof: Metal Sale Includes: Building & Land; Business with Lease Security Features: Fire Sprinkler System; Smoke Detector(s) Showing Requirements: 24 Hour Notice; Call Listing Agent
Listing Office: Realty World Curri Properties
Last Updated: December - 19 - 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.