334 4Th AveIndialantic, FL 32903

Property Details for 334 4Th Ave

Year built

2007

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.23 AC

Property size (Sq ft)

4,472 SF

Zone code

RP

Property type

Office properties

Property subtype

Office buildings

APN

27-38-31-EO-00013.0-0021.00

APU

273831EO000130002100

Description

This exceptional 4,472 square foot Class-A office building, constructed in 2007, presents a unique investment opportunity in the heart of Indialantic, Florida. Built with reinforced concrete and 8-inch thick concrete walls, this hurricane-proof structure ensures lasting durability and peace of mind. The building boasts high-end finishes throughout, including a well-appointed kitchenette, multiple private restrooms (including one full en-suite), a spacious conference room, and a welcoming reception/waiting area. Upstairs, a private executive office features a remarkable 430 square foot terrace offering breathtaking views of downtown Indialantic and 5th Avenue. Its prime location offers unparalleled convenience, situated just three blocks from the beach and a short 10-minute drive from Melbourne International Airport. The building sits directly off the vibrant commercial hub of 5th Avenue, surrounded by upscale businesses and flagship stores. This is a rare chance to acquire a nearly new, exceptionally well-built office building in a highly desirable location. The 0.23-acre lot provides ample space and the building's superior construction and prime location make it an ideal investment for discerning buyers seeking a strong return. Don't miss this opportunity to own a benchmark property in Indialantic.

• CAP approach

  CAP return

  Valuation

  6%

  $1,229,085

  6.5%

  $1,134,540

  7%

  $1,053,502

• Comparable approach

  Method

  Valuation

  Relative Method

  $702,238

  Geo Method

  $702,238

• Alternative Use

  Use

  Valuation

  Residential

  $1,406,830

  Hospitality

  $1,288,649

  Educational

  $1,072,141

  Medical

  $1,109,013

  Retail

  $1,667,774

Location Insight

City

Indialantic

County

Brevard

State

Florida

Latitude

28.0908

Longitude

-80.5727

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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