441 5Th AveIndialantic, FL 32903

Property Details for 441 5Th Ave

Year built

1987

Construction

WOOD

Lot size

0.61 AC

Property size (Sq ft)

6,118 SF

Zone code

C1

Property type

Office properties

Property subtype

Office buildings

APN

27-37-36-EO-00008.0-0003.00

APU

273736EO000080000300

Description

This exceptional 5,539 square foot, two-story Class B office building, constructed in 1987, is situated at 441 5th Avenue, Indialantic, FL 32903, near the intersection of N Riverside Drive. The property features a single-tenant occupancy of 2,178 square feet currently available. The space is a traditional office layout, offering a versatile design with a waiting area, reception area, nine individual offices, a mechanical room, and two half-bathrooms. The building's flexible design allows for adaptable wall configurations to suit various business needs. The building is served by Florida Power & Light (FPL) and has open parking. There are no elevators. The zoning is designated for professional office use, and the APN is 2730157. This property presents a unique opportunity in a desirable Indialantic location. The building's Georgian architectural style adds to its distinctive character. The convenient location offers proximity to the beach, enhancing its appeal. This is a single-tenant space, ideal for a business seeking a well-appointed and adaptable office environment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,681,472

  6.5%

  $1,552,128

  7%

  $1,441,262

• Comparable approach

  Method

  Valuation

  Relative Method

  $960,710

  Geo Method

  $960,710

• Alternative Use

  Use

  Valuation

  Residential

  $1,924,639

  Hospitality

  $1,762,959

  Educational

  $1,466,761

  Medical

  $1,517,205

  Retail

  $2,281,629

Location Insight

City

Indialantic

County

Brevard

State

Florida

Latitude

28.0891

Longitude

-80.5745

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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