Lease to Own
Address
1005 E Strawbridge Avenue, Melbourne, FL
Price
$ 1,995,000
Property Attributes
  • MLS#964457
  • TypePending
  • CountyBREVARD
  • CityMelbourne
  • AreaCentral
  • Zip32901
  • StyleBusiness
  • Year Built1955
  • Taxes$ 1341
  • Price$ 1,995,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage8618
  • Lot Size0.61 Acres
Data Source:
Space Coast AOR
Property Description

1005 E Strawbridge is located in the heart of Melbourne's Historic Downtown area, which widely regarded as the nucleus of the community. The building sits in the middle of the action. Spanning over 9,358 square feet on .61 acres. It presents a unique opportunity for a buyer to either renovate and repurpose the existing structure or redevelop it entirely to create a new Multi-Family property, 150 key Hotel or Office Building. With over 275 businesses in this one mile district, the area is a hub of activity. 
A mixed-use development would be the best and highest use of the property. Listed at $1,995,000, it's an excellent investment opportunity for anyone looking to expand their portfolio or establish a foothold in the Space Coast of Florida.

Price History
3/8/2024 Listed $1,995,000

General Features

Heating Central
Cooling Central Building
Possession Negotiable
Roof Rolled/Hot Mop
Construction Materials Concrete
Year Built 1955
Property SubType Business
Tax Year 2022
Current Use Commercial
County Brevard
Property Type Commercial Sale
HOA / Comm Assn No
Status Pending
Directions Highway US1 west onto 192 (E Strawbridge)
City Melbourne
View Y/N No
Senior Community Y/N No
Total Units 1
MLS Area 330 - Melbourne - Central
Lot Size Square Feet 26571.6
Waterfront Y/N No
Street Name Strawbridge
Land Lease Y/N No
Tax Annual Amount 1341.18
Home Warranty Y/N No
Lease Renewal Y/N No
MLS Area Minor 330 - Melbourne - Central
Additional Parcels Y/N No
Lease Considered Y/N No
Virtual Tour https://www.propertypanorama.com/instaview/spc/964457
Standard Status Pending
MobileHomeRemainsYN No
Legal Description POWELLS RESUBD OF MELBOURNE W 10 FT OF LOT 9,ALL LOTS 12,13,16 BLK 19

Interior Features

Flooring Carpet,Tile
Basement (Y/N) No
Air Conditioning Y/N Yes
Heating Y/N Yes
BuyerOfficeEmail [email protected]
Street Suffix Avenue
Electric On Property Y/N No

Exterior Features

Inclusions {u'Building & Land': True}
Lot Size Area 0.61
Spa No
Lot Size Acres 0.61
Lot Size Units Acres
Crops Included Y/N No
Open Parking Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 32901

Price
AVG $400K
$2M
Taxes
AVG $3,843
$1,341
Visits
AVG 115
27
Data Provided by Inside Real Estate®
Year Built
AVG 1984
1955