Flex Building with Fenced Yard | 1500 Main St NE
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Flex Building with Fenced Yard 1500 Main St NE
12,000 SF Light Industrial Building Palm Bay, FL 32905 £899,818 (£75/SF) 5.57% Net Initial Yield
Investment 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
- Est. 2024 NOI $64,000 (5.5% CAP)
- Corner Lot. 100% Fenced/Gated, Mostly Cleared, Partially Paved
- 100% Occupied. LL Collects $7,000/month. Term Expires 7/31/25
- Three 9' Wide x 7' Tall +/- Grade Level Doors + One 9' Wide x 10' Tall +/- Grade Level Door
- DO NOT DISTURB OCCUPANT
Executive Summary
• 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!
• 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 Facts
Amenities
- 24 Hour Access
- Conferencing Facility
- Fenced Lot
- Signage
- Yard
- Reception
- Storage Space
Utilities
- Lighting
- Gas
- Water - City
- Sewer - City
- Heating
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PROPERTY TAXES
| Parcel Number | 28-37-24-25-00018.0-0007.00 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £459,650 |
PROPERTY TAXES
Parcel Number
28-37-24-25-00018.0-0007.00
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£459,650
zoning
| Zoning Code | HC (City of Palm Bay Highway Commercial. Permitted uses include: Contractor's Office w Outdoor Storage, Automotive, Retail, Daycare & More!) |
| HC (City of Palm Bay Highway Commercial. Permitted uses include: Contractor's Office w Outdoor Storage, Automotive, Retail, Daycare & More!) |
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Zachary Ullian -
Michael Ullian -
The Ullian Realty Corporation
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Flex Building with Fenced Yard | 1500 Main St NE
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