1250 Eau Gallie BlvdMelbourne, FL 32935

Property Details for 1250 Eau Gallie Blvd

Year built

1982

Construction

WOOD

Lot size

0.09 AC

Property size (Sq ft)

1,086 SF

Property type

Office properties

Property subtype

Other office properties

APN

27-37-17-76-00004.0-0012.01

APU

9223372036854775807

Description

This exceptional two-story medical office condo, located at 1250 W Eau Gallie Blvd in Melbourne, Florida (32935), presents a fantastic investment opportunity. Boasting 1,086 square feet, this fully built-out space is ideally situated on a major Melbourne thoroughfare, conveniently positioned between I-95 and the beach. The first floor offers a functional layout perfect for dental or medical practices, featuring three exam rooms, a waiting/reception area, and a restroom. The second floor provides a private office with a balcony and a break area, enhancing both functionality and comfort. This versatile space is suitable for a variety of medical and office users, making it an attractive option for both established businesses and new ventures. The unit is identified as Unit C within the building. The asking price for this turnkey property is $235,000. This central location in Brevard County offers excellent visibility and accessibility, making it an ideal choice for professionals seeking a thriving practice environment. The property's existing build-out significantly reduces upfront costs and allows for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $298,476

  6.5%

  $275,517

  7%

  $255,837

• Comparable approach

  Method

  Valuation

  Relative Method

  $170,535

  Geo Method

  $170,535

• Alternative Use

  Use

  Valuation

  Residential

  $341,641

  Hospitality

  $312,941

  Educational

  $260,363

  Medical

  $269,318

  Retail

  $405,010

Location Insight

City

Melbourne

County

Brevard

State

Florida

Latitude

28.1292

Longitude

-80.6404

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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