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5120 N Highway 1 # 102 Palm Shores, FL $ 2,750,000
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5120 N Highway 1 # 102
$ 2,750,000
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5120 N Highway 1 # 102

Palm Shores, FL, 32940
$ 2,750,000
Baths0.0 Sq 5,400

Monthly Estimate*

$ 19,210

5120 N Highway 1 # 102, Palm Shores, FL 32940 - Image 1
5120 N Highway 1 # 102, Palm Shores, FL 32940 - Image 2
5120 N Highway 1 # 102, Palm Shores, FL 32940 - Image 3
5120 N Highway 1 # 102, Palm Shores, FL 32940 - Image 4
5120 N Highway 1 # 102, Palm Shores, FL 32940 - Image 5
5120 N Highway 1 # 102, Palm Shores, FL 32940 - Image 6
5120 N Highway 1 # 102, Palm Shores, FL 32940 - Image 7
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Studio

Commercial Property for sale in Palm Shores, FL

for $2,750,000. This 5,400 square foot building was built in 2014 on a lot size of 4.64.

Unique Opportunity to Own Prime Commercial Real Estate in Melbourne! 4.64 Acres of Direct US 1 and 300 ft. of Indian River Front Frontage; can be broken up into three parcels total. One of the three potential parcels has a beautiful concrete block 5400 square foot tile roof building and is currently fully occupied with long term leases in place. Build on the other two parcels as you collect income from this beautiful building! Owner will sell the out parcels separately Owner will sell the out parcels separately at ($500k) per outparcel

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Commercial Active

Price

$ 2,750,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 13,371

Style

Business

Lot Size

4.64

Year Built

2014

Town/City

Palm Shores

County/Region

Brevard

MLS | Web ID

973713
Features
General
Heating Central Electric
Cooling Central Air Electric Central Building
Possession Subject To Tenant Rights
Roof Tile Barrel
Security Features Closed Circuit Camera(s) Smoke Detector(s)
Construction Materials Block
Year Built 2014
Unit Number 102
Property SubType Business
Tax Year 2022
Current Use Commercial
Waterfront Features River Front
County Brevard
Property Type Commercial Sale
HOA / Comm Assn N
Subdivision Name Honeybrook Plantation
Status Active
Directions From Pineda Causeway Head South on US 1 and Building is approx 3/4 mile on your right hand side.
City Palm Shores
Body of Water Indian River
View Y/N N
Senior Community Y/N N
Total Units 2
MLS Area 322 - NE Melbourne/Palm Shores
Lot Size Square Feet 202118.4
Waterfront Y/N Y
Street Name Highway 1
Land Lease Y/N N
Tax Annual Amount 13371.9
Home Warranty Y/N N
Lease Renewal Y/N N
MLS Area Minor 322 - NE Melbourne/Palm Shores
Additional Parcels Y/N N
Lease Considered Y/N N
Virtual Tour https://www.propertypanorama.com/instaview/spc/973713
Standard Status Active
Legal Description HONEYBROOK PLANTATION LOTS 5 6 7 EXC ORB 7354 PG 1031 & HWY R/W
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Interior
Flooring Carpet Tile
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Electric On Property Y/N N
Total Baths 0
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Exterior
Inclusions {u'Building & Land': True}
Lot Size Area 4.64
Spa N
Lot Size Acres 4.64
Lot Size Units Acres
Crops Included Y/N N
Open Parking Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 5120
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* Excluded Features
List By
Century 21 Baytree Realty

Broker

bucci-j@msn.com

Email

Affordability Calculator

$20,324
Per Month
95%
5%
0%
Monthly Principal & Interest
$19,210
Monthly Property Taxes
$1,114
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1363035 Elementary School
1362897 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/29/2023$2,750,000 Listed Price

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5120 N Highway 1 # 102, Palm Shores, FL, 32940 is a Commercial Property for sale at $2,750,000 with 5,400 sqft and a lot size of 4.64. 5120 N Highway 1 # 102 is a studio with 0.0 baths and was built in 2014. The property's zip code is 32940 which is in Palm Shores, FL

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