129 Hibiscus BlvdMelbourne, FL 32901

Property Details for 129 Hibiscus Blvd

Year built

1981

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.96 AC

Property size (Sq ft)

29,398 SF

Zone code

C2

Property type

Office buildings

APN

28-37-04-01-0000D.0-0001.00

APU

283704010000D0000100

Description

This exceptional executive office suite, located at 129 W Hibiscus Blvd in Melbourne, Florida, presents a fantastic opportunity for a single tenant. Built in 1981, the property offers 2,000 square feet of immediately available space, perfect for a business seeking a prestigious and efficient workspace. The single-tenant occupancy ensures privacy and control over the entire space. The property's address is conveniently situated in Melbourne, FL, zip code 32901, offering easy access to local amenities and transportation networks. The building's classic design provides a professional and established image for your business. This is an ideal location for businesses seeking a well-maintained and readily available office space in a desirable area of Melbourne. The property's size is currently listed at 2,000 square feet, although the listing indicates a potential for expansion up to 4,000 square feet. This flexibility allows for growth and adaptation to changing business needs. The property is classified as an executive office suite, suggesting a higher level of finish and amenities than standard office spaces. This presents a unique opportunity to establish a strong and impressive business presence in a thriving Florida community. Interested parties are encouraged to inquire further to explore the possibilities of this exceptional office space. The property's geographic coordinates are 28.0844283 latitude and -80.6247999 longitude.

• CAP approach

  CAP return

  Valuation

  6%

  $8,079,752

  6.5%

  $7,458,233

  7%

  $6,925,502

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,616,368

  Geo Method

  $4,616,368

• Alternative Use

  Use

  Valuation

  Residential

  $9,248,209

  Hospitality

  $8,471,309

  Educational

  $7,048,030

  Medical

  $7,290,422

  Retail

  $10,963,602

Location Insight

City

Melbourne

County

Brevard

State

Florida

Latitude

28.0845

Longitude

-80.6248

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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