2550 Palm Bay Rd NE
Palm Bay, FL 32905

The property offering consists of a 6,140 office building situated on the south side of heavily-travelled Palm Bay Road, which serves as an active commercial corridor spanning from Route 1 to Interstate 95. The building contains 16 leasable units - currently 14 units are occupied and 2 are vacant. Available spaces: 1 unit at 190 SF and 1 unit at 235 SF is currently available. • Lease rates are $325 for 190 SF and $450 for 235 SF. Rental rates includes water, trash and CAM. Tenants are responsible for electricity - each unit on separate meter. • The existing tenants are on month-to-month terms; the majority of tenants have been in place over 4 years. • The traffic counts for this span of Palm Bay Road is 18,740 cars passing daily. • The office building has approximately 127 feet of direct Palm Bay Road frontage. • The property is zoned Highway Commercial - City of Palm Bay. This zoning classification allows (but is not limited to) the following uses: professional offices, personal service establishments such as salons, laundromats, and tailors, retail stores, hotel/motel, restaurants, financial institutions, auto sale and service, schools, day care or churches. The Future Land Use designation is Commercial. The adjacent lot to the west is also available for a list price of $179,000. The sale of the lot will only be considered along with the building, not as a separate sale. This lot offers an additional 200 feet of frontage along Palm Bay Road. (TID: 2832308) • City of Palm Bay provides water and sewer • Tax ID: 2832308 / PID: 28-37-23-00-793