Exciting opportunity to own a unique income producing property and a piece of history in the booming Eau Gallie Arts District. Once the Amuse Theater and The Mathers Hotel from the early 1900s, this C3 zoned property is both commercial and mixed use. A great 1031 Exchange Opportunity. 100% occupied with stable leases. Proforma Net operating income (NOI) $159k a year (7.2% CAP). Busy and well established salon and medi spa on the 1st level and an 11 unit rooming house on the upper level, that would be a great Airbnb! All plumbing and electrical has been renewed. This fast growing area where you will find dozens of shops, art studios, eateries, bars, salons, events and more! Just 10 minutes to the Melbourne Airport, 50 min to the Orlando Airport, and 10 min to the Beaches, and Space center!
Courtesy of One Sotheby's International
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