2575 Doreatha Fields Avenue NE

Palm Bay, FL, 32905

$2,987,000

$254 per ft²
$2,987,000
$254 per ft²
Active
Active
 - For Sale
carpenters-square
11,734 ft²
property_type
Multi-family
calendar
Built 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.
MLS® ID:
934186
Listed:
5/5/22
Updated:
8/10/22
Compass
Carpenter | Kessel Real Estate

Interior Features

Kitchen Appliances
None
Total Bedrooms
0
Total Bathrooms
0
Floor Description
Concrete, Vinyl

Exterior/Building Features

Lot Size
3.41 acres lot
Lot Details
West of US 1, Paved Street

School Information

High School
Palm Bay
Middle/Jr High
Stone
Elementary School
Palm Bay Elem

Other Property Details

Area Name
340 - NE Palm Bay
Taxes
$6973.28
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
Brevard
Utilities
Electricity Connected, Sewer Connected, City Water
Pool
No
Zoning
LI

Broker Reciprocity Courtesy of The Ullian Realty Corporation

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 Carpenter | Kessel Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2022 FL - MLS of South Brevard & the Space Coast Association of REALTORS (SPACE). All rights reserved.

Compass
Carpenter | Kessel Real Estate
Contact