0 Florida A1AMelbourne Beach, FL 32951

Property Details for 0 Florida A1A

Lot size

1.50 AC

Property size (Sq ft)

3,200 SF

Property type

Retail properties

Property subtype

Gas stations

Description

This exceptional Class A gas station, located in Indialantic, Brevard County, Florida, presents a lucrative investment opportunity. Boasting 3,200 square feet on a 1.5-acre lot, this single-story building features eight gas pumps and ample parking for 24 vehicles. The property enjoys a prime beachfront location on Florida A1A, with over 174 feet of road frontage ensuring high visibility and traffic. Currently operating at 100% occupancy with a strong tenant history, this owner-user investment offers a substantial NOI of $225,370 and a compelling 11.27% cap rate. The asking price is $2,000,000, translating to $625 per square foot. The existing convenience store adds to the property's revenue streams. Zoned for existing use, this turnkey operation is ideal for an owner-operator seeking a profitable and established business in a high-growth area projected to experience a 12% increase in growth over the next three years. The property is exceptionally clean and fully functional, offering a seamless transition for the new owner. No jobbers are permitted.

Location Insight

City

Melbourne Beach

County

Brevard

State

Florida

Latitude

27.9651

Longitude

-80.5075

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