214 Emerson Drive NW Palm Bay, FL $ 1,000,000
214 Emerson Drive NW
$ 1,000,000
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214 Emerson Drive NW

Palm Bay, FL, 32907
$ 1,000,000
Bedrooms-- Baths-- Sq 5,850

Monthly Estimate*

$ 6,314

214 Emerson Drive NW, Palm Bay, FL 32907 - Image 1
214 Emerson Drive NW, Palm Bay, FL 32907 - Image 2
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Commercial Property for sale in Palm Bay, FL

for $1,000,000. This 5,850 square foot building was built in 1991 on a lot size of 0.86.

This 100% occupied, five-unit retail asset offers $81,000.00 in annual Pro Forma Gross Income & a consistent history of Tenant occupancy. Existing leases include automatic annual rent increases, providing embedded revenue growth & the potential for increased cash flow over time & at lease renewal. Room for rent increases. The property was recently placed under the management of a highly rated local professional management company, which provides monthly reconciled financial reporting, rent collection oversight, security deposit handling, full-service property management, & even some maintenance! Buyer is solely responsible for conducting all due diligence & independently verifying all property, lease, income, expense, zoning, & operating information. Additional terms, fees, disclosures, & or conditions may apply.

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Commercial Active

Price

$ 1,000,000

Property Type

Commercial

Taxes

$ 11,106

Style

Retail

Lot Size

0.86

Year Built

1991

Town/City

Palm Bay

County/Region

Brevard

MLS | Web ID

1083856

Features
General
Living Area 5850
Sewer Septic Tank
Construction Materials Concrete
Year Built 1991
Property Subtype Retail
Tax Year 2023
Building Name Santa Ninfa Shopping Center
Accessibility Accessible Approach with Ramp
County Brevard
Property Type Commercial Sale
HOA false
Attached Garage false
Status Active
Directions These directions begin at Palm Bay Road and Minton Road: Travel west on Palm Bay Road toward Minton Road. Turn left--south--onto Minton Road. Continue approximately 0.2 mile. Turn right onto Emerson Drive NW. Continue west for approximately 1.3 miles. 214 Emerson Drive NW will be on the left near Jupiter Boulevard NW. For GPS enter the complete address: 214 Emerson Drive NW Palm Bay FL 32907
City Palm Bay
Senior Community Y/N false
Number Of Units Total 5
MLS Area 344 - NW Palm Bay
Lot Size Units Acres
Lot Size Square Feet 37461.6
Land Lease Y/N false
Tax Annual Amount 11106.5
MLS Area Minor 344 - NW Palm Bay
Virtual Tour https://www.virtualtourcafe.com/mls/10009470
Standard Status Active
Legal Description PORT MALABAR UNIT 42 LOT 2 BLK 1939
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Interior
Total Stories 1
Total Baths 0
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Exterior
Parking Features Off Street Parking Lot
Lot Features Other
Water Source Public
Inclusions Building & Land
Lot Size Area 0.86
Building Area Total 5850
Lot Size Acres 0.86
Waterfront Y/N false
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* Excluded Features
List By
Elite Class Prop. Mgt. & R.E.

Broker

broker@localpmc.com

Email

Affordability Calculator

$7,240
Per Month
87%
13%
0%
Monthly Principal & Interest
$6,314
Monthly Property Taxes
$926
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/31/2026$1,000,000 Listed Price

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214 Emerson Drive NW, Palm Bay, FL, 32907 is a Commercial Property for sale at $1,000,000 with 5,850 sqft and a lot size of 0.86. 214 Emerson Drive NW was built in 1991. The property's zip code is 32907 which is in Palm Bay, FL