101 3Rd StSatellite Beach, FL 32937

Property Details for 101 3Rd St

Year built

1991

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.38 AC

Property size (Sq ft)

2,625 SF

Zone code

BU1

Property type

Retail properties

Property subtype

Auto shops

APN

26-37-23-26-00013.0-0001.00

APU

9223372036854775807

Description

This exceptional investment opportunity presents a vacant 2,625-2,975 square foot auto repair shop situated on a 0.38-acre lot in Satellite Beach, Florida. The property boasts a prime location at the northwest corner of SR 404 Pineda Causeway, A1A Coastal Highway, and Third Street, offering significant road frontage on three sides (approximately 83 feet on A1A and 212 feet on Third Street). Built in 1991, the masonry concrete building features six roll-up doors, a five-bay garage, and four 9,000-lb. asymmetric lifts, plus one Hunter drive-on alignment lift with jacks and plates. The interior includes a 350 square foot office/lobby area with a customer restroom and a single-unit window AC unit, along with an employee restroom. The property is zoned BU-1 and offers easy access to A1A. The previous business serviced approximately 2,600+ cars annually. This property presents a unique chance to acquire a well-equipped auto repair facility in a high-traffic location with significant potential for growth. The property is vacant and ready for immediate occupancy. Showings are by appointment only.

• CAP approach

  CAP return

  Valuation

  6%

  $1,032,177

  6.5%

  $952,779

  7%

  $884,723

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,057,396

  Geo Method

  $1,038,753

• Alternative Use

  Use

  Valuation

  Residential

  $803,705

  Hospitality

  $736,189

  Educational

  $612,501

  Medical

  $633,566

  Retail

  $952,779

Location Insight

City

Satellite Beach

County

Brevard

State

Florida

Latitude

28.2125

Longitude

-80.5983

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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