Sold

Closed

2575 Doreatha Fields Avenue NE

Palm Bay FL, 32905

$2,750,000


$234.36 per sqft

Sold

Closed

11,734 sqft

Multi-family

Built in 1974

Excellent opportunity to purchase a single-tenant income producing industrial property in the heart of Palm Bay!! Republic Services has a 10-Year Agreement with City of Palm Bay Commencing 6/1/20. Long Term NNN Lease with Escalators Every 2-Years. Estimated 2022 NOI is $179,220 which is approximately a 6% CAP. There are two buildings for a total of 11,734 SF. Exterior is approximately 3.41 acres of paved/fenced/cleared yard. New roofs on both buildings in 2020 (Techgum Deck Fastened to Trusses). Flexible City of Palm Bay Light Industrial Zoning allows Warehousing, Light Manufacturing, Outdoor Storage & More! Close proximity to US1, Palm Bay Road & Interstate 95. The Melbourne International Airport is approximately 15-minutes away.

934186

MLS ID

May 6, 2022

Listed

November 22, 2024

Updated

Map

2575 Doreatha Fields Avenue NE
Palm Bay FL, 32905

Interior Features

Appliances

None


Floor Description

Concrete, Vinyl


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

No

Exterior/Building Features

Lot Size

3.41 Acres


Roof

Other

School Information

High School

Palm Bay


Elementary School

Palm Bay Elem

Other Property Details

Area Name

340 - NE Palm Bay


Taxes

$6,973


Tax Frequency

Annually


Garage

No


View

No


County

Brevard


Water Source

Public


Pool

No


Pool Features

None

Courtesy of The Ullian Realty Corporation, Zachary Michael Ullian,
Listing Contact: 321-729-9900 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Burgman Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 FL - MLS of South Brevard & the Space Coast Association of REALTORS (SPACE). All rights reserved.

 

Powered byLuxury Presence