305 Hibiscus BlvdMelbourne, FL 32901

Property Details for 305 Hibiscus Blvd

Year built

2006

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.20 AC

Property size (Sq ft)

1,548 SF

Zone code

C1A

Property type

Office properties

Property subtype

Office buildings

APN

28-37-04-26-00008.0-0016.00

APU

9223372036854775807

Description

This exceptional 1,548-square-foot medical office space is perfectly situated at 305 W Hibiscus Blvd in Melbourne, Florida, within Brevard County. The property is a single-tenant building, offering complete occupancy for a medical practice seeking a dedicated and spacious location. The entire 1,548 square feet is currently vacant and ready for immediate occupancy, providing an ideal opportunity for a new practice or relocation. The building's location in Melbourne offers convenient access to major roadways, ensuring easy patient access and ample parking. This property presents a turnkey solution for medical professionals seeking a well-maintained, single-tenant office space in a desirable location. The property type is classified as an office building, specifically designed for medical use. The address is 305 W Hibiscus Blvd, Melbourne, FL 32901. This prime location in Brevard County offers a strong foundation for a thriving medical practice. The property is available for lease and presents a unique opportunity to establish or expand a medical practice in a convenient and accessible location. Interested parties are encouraged to inquire further to explore the possibilities of this exceptional medical office space. The property is ready for immediate occupancy, eliminating any delays in establishing your practice. This single-tenant building provides privacy and control over your workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $425,453

  6.5%

  $392,726

  7%

  $364,674

• Comparable approach

  Method

  Valuation

  Relative Method

  $243,082

  Geo Method

  $243,082

• Alternative Use

  Use

  Valuation

  Residential

  $486,980

  Hospitality

  $446,071

  Educational

  $371,126

  Medical

  $383,889

  Retail

  $577,306

Location Insight

City

Melbourne

County

Brevard

State

Florida

Latitude

28.0849

Longitude

-80.6276

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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