1281 Florida AveRockledge, FL 32955

Property Details for 1281 Florida Ave

Year built

1991

Construction

WOOD

Lot size

1.10 AC

Property size (Sq ft)

11,076 SF

Zone code

C2

Property type

Healthcare properties

Property subtype

Medical offices

APN

25-36-04-00-00018.0-0000.00

APU

9223372036854775807

Description

This exceptional 8,946 square foot medical office building, situated on a 1.1-acre lot in Rockledge, Florida, presents a unique investment opportunity. The single-story, Class B building, constructed in 1991, features a total of 8,946 square feet, with 6,000 square feet currently vacant. The property is zoned C2 and boasts ample parking. The building is comprised of multiple tenancies, with one immediately available space of 3,000 square feet. This space is ideal for medical practices, offering pre-existing features such as restrooms and treatment rooms (Units 3 & 4). The building's location on US-1, just 1.4 miles from State Road 520, ensures high visibility and convenient access for patients and staff. The available space offers a fantastic chance to establish or expand a medical practice in a thriving area. The property's size and layout provide flexibility for various medical specialties. This is a rare opportunity to acquire a well-located medical office building with significant potential for growth and return on investment. The address is 1281 Florida Ave, Rockledge, FL 32955.

• CAP approach

  CAP return

  Valuation

  6%

  $2,879,316

  6.5%

  $2,657,830

  7%

  $2,467,986

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,802,908

  Geo Method

  $1,739,264

• Alternative Use

  Use

  Valuation

  Residential

  $3,295,710

  Hospitality

  $3,018,852

  Educational

  $2,511,650

  Medical

  $2,598,030

  Retail

  $3,907,011

Location Insight

City

Rockledge

County

Brevard

State

Florida

Latitude

28.3388

Longitude

-80.7264

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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