1500 Main St NE - Light Distribution FOR SALE


Palm Bay, FL 32905
$1,150,000 USD
321-750-3439
1500 Main St NE, Palm Bay, FL for Sale
$1,150,000 USD
Light Distribution - FOR SALE
1/15
null | 5.57% Cap Rate

Aug '25


1500 Main St NE
Palm Bay, FL 32905


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

OVERVIEW

• Footprint est. 2,040 SF HVAC Office + 4,680 SF Warehouse = 6,720 SF Total. • Upstairs +/- 1,600 SF 2/1 Apartment + est. 3,680 SF Unfinished Storage/Attic. • Total of 12,000 SF Between 2 Floors. • 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 +/- Door. • Warehouse Concrete Floor and est. 8' 6" Ceiling Height. • City Water/Sewer; FPL Electric. • Corner Lot. 100% Fenced/Gated, Mostly Cleared, Partially Paved. • HC Zoning: Contractor's Office with Outdoor Storage, Automotive, Retail, Daycare & More! • DO NOT DISTURB OCCUPANT. • Located in northeast Palm Bay just off of the US1 x Palm Bay Road intersection. Surrounding employers include L3Harris, Leonardo DRS, Tibbetts Lumber & ABC Supply to name a few. Close proximity to Downtown Melbourne, Hammock Landing Mall and the beaches. Call today for details!

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$96 USD /SF

CAP RATE

5.57%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Flex Building with Fenced Yard

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

ADD'L SUBTYPES

R&D, Service, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

UTILITIES

Lighting, Gas, Water - City, Sewer - City, Heating

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

4

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.55

LAND SF

23,958

ZONING

HC

APN/PARCEL ID

28-37-24-25-00018.0-0007.00

ASK ABOUT THIS PROPERTY

Zachary UllianThe Ullian Realty CorporationMore Info
321-750-3439

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Zachary UllianThe Ullian Realty CorporationMore Info
321-750-3439

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.