Indialantic Plaza | 5th Ave
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Indialantic Plaza 5th Ave
4,233 SF 100% Leased Retail Building Indialantic, FL 32903 £1,005,975 (£238/SF)
Investment Highlights
- 100% Occupancy
- Excellent Location
Executive Summary
Indialantic Plaza offers a prime investment opportunity
in a highly sought-after location. This 4,233 SF building with four local
tenants is on a 0.35-acre parcel and includes a valuable rear parking lot.
Walking distance to the beach, the property benefits from strong foot traffic
and a retail vacancy rate below 3.00%. Fully occupied with tenants paying
below market rents, it offers significant upside potential. Proximity to
Melbourne, the largest daytime population and employment hub in the
county, further enhances its appeal. This property presents a unique
opportunity for investors, with redevelopment potential due to its prime
location. PLEASE DO NOT DISTURB OR COMMUNICATE WITH THE TENANTS.
in a highly sought-after location. This 4,233 SF building with four local
tenants is on a 0.35-acre parcel and includes a valuable rear parking lot.
Walking distance to the beach, the property benefits from strong foot traffic
and a retail vacancy rate below 3.00%. Fully occupied with tenants paying
below market rents, it offers significant upside potential. Proximity to
Melbourne, the largest daytime population and employment hub in the
county, further enhances its appeal. This property presents a unique
opportunity for investors, with redevelopment potential due to its prime
location. PLEASE DO NOT DISTURB OR COMMUNICATE WITH THE TENANTS.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,233 SF
Building Class
C
Year Built
1952
Price
£1,005,975
Price Per SF
£238
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.28
Land Acres
0.35 AC
Zoning
C1
PROPERTY TAXES
| Parcel Number | 27-37-36-EO-00008.0-0006.00 | Improvements Assessment | £174,055 (2023) |
| Land Assessment | £176,409 (2023) | Total Assessment | £350,464 (2023) |
PROPERTY TAXES
Parcel Number
27-37-36-EO-00008.0-0006.00
Land Assessment
£176,409 (2023)
Improvements Assessment
£174,055 (2023)
Total Assessment
£350,464 (2023)
-
Vitor De Sousa, CCIM -
Jeffery Robison -
Lightle Beckner Robison, Inc.
(321) 722-0707
x15
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Indialantic Plaza | 5th Ave
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