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.