1454 Bellaire LnPalm Bay, FL 32905

Property Details for 1454 Bellaire Ln

Year built

1962

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.25 AC

Property size (Sq ft)

1,396 SF

Zone code

CC

Property type

Healthcare properties

Property subtype

Medical offices

APN

28-37-22-00-00754.0-0000.00

APU

9223372036854775807

Description

This exceptional commercial property, located at 1454 Bellaire Lane NE in Palm Bay, Florida, presents a rare investment opportunity. The 1,248 square foot office building sits on a substantial 10,890 square foot lot, offering ample space and potential for expansion or redevelopment. Built in 1962, the property benefits from recent upgrades, including a new roof and HVAC system installed in 2019, ensuring efficient and cost-effective operation. The permitted zoning is 1900. The property's convenient location in the rapidly growing Palm Bay area provides easy access to beaches (approximately 10 minutes away) and other amenities. This versatile space is ideal for a variety of commercial uses, making it an attractive option for both established businesses and entrepreneurs. The single-unit building includes its own dedicated parking lot, providing convenient parking for staff and clients. Priced at $450,000, this property offers significant potential for return on investment in a thriving Florida market. The large lot size presents possibilities for future development or expansion, adding further value to this already compelling offering. Don't miss this chance to acquire a well-maintained, strategically located commercial property in a high-growth area.

• CAP approach

  CAP return

  Valuation

  6%

  $383,677

  6.5%

  $354,163

  7%

  $328,866

• Comparable approach

  Method

  Valuation

  Relative Method

  $219,214

  Geo Method

  $219,214

• Alternative Use

  Use

  Valuation

  Residential

  $439,162

  Hospitality

  $402,270

  Educational

  $334,684

  Medical

  $346,195

  Retail

  $520,620

Location Insight

City

Palm Bay

County

Brevard

State

Florida

Latitude

28.0343

Longitude

-80.6124

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].