1301 Eau Gallie BlvdMelbourne, FL 32935

Property Details for 1301 Eau Gallie Blvd

Year built

1994

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.61 AC

Property size (Sq ft)

13,088 SF

Zone code

C1A

Property type

Office properties

Property subtype

Office buildings

APN

27-37-20-01-0000A.0-0001.00

APU

273720010000A0000100

Description

This exceptional medical office space, located at 1301 W Eau Gallie Blvd in Melbourne, Florida (zip code 32935), offers a unique opportunity for medical professionals. Situated on a major thoroughfare, this property boasts convenient access to I-95 and US 1, ensuring high visibility and easy accessibility for patients and staff. The building features an upscale façade, ample parking, and a durable metal roof. Monument and building signage provide excellent branding opportunities. Currently, one suite is available, ranging from 1,000 to 1,600 contiguous square feet. Specifically, Suite 102, a 1,200 square foot space, is highlighted. This impressive suite includes a desirable loft area, creating versatile workspace. The interior is beautifully appointed, featuring solid wood doors and a thoughtful layout. The suite also includes a reception area, five private offices, a kitchenette, two restrooms (one with a shower), and a dedicated storage area. A unique rear balcony porch adds to the suite's appeal. The property is offered at a modified gross rate of $20 per square foot per year. This is a multi-tenant building in Brevard County. The minimum divisible space is 1,000 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $3,597,108

  6.5%

  $3,320,408

  7%

  $3,083,236

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,055,209

  Geo Method

  $2,055,209

• Alternative Use

  Use

  Valuation

  Residential

  $4,117,306

  Hospitality

  $3,771,430

  Educational

  $3,137,786

  Medical

  $3,245,699

  Retail

  $4,881,000

Location Insight

City

Melbourne

County

Brevard

State

Florida

Latitude

28.1284

Longitude

-80.6411

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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