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1500 Main St NE
Palm Bay, FL 32905

$1,150,000 USD

Light Distribution For Sale • 12,000 SF

Property Details

Property Type Light Distribution
Total Building Size 12,000 SF
Lot Size 0.55 AC
Building Class C
Year Built 1977
Cap Rate 5.57 %
Tenancy Single
Zoning HC

0 Transit Score

38 Walk Score

                
                    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
                            
                                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 +/- Grade Level Door
                            
                                Corner Lot. 100% Fenced/Gated, Mostly Cleared, Partially Paved
                            
                                DO NOT DISTURB OCCUPANT

Property Flyers

1500 Main Street Brochure

Cap Rate:

5.57 %

Amenities

24 Hour Access
Conferencing Facility
Fenced Lot
Signage
Yard
Reception
Storage Space

Public Transportation

Airport	Drive	Walk	Distance
Melbourne Orlando International	17 min	-	7.2 mi

Parking Details

Parking Available:	Yes
Reserved:	Yes
Type:	Reserved
Included in Rent:	Yes

Zachary Ullian 321-729-9900 The Ullian Realty Corporation

1500 Main St NE Palm Bay, FL 32905