2179 Julian AvePalm Bay, FL 32905

Property Details for 2179 Julian Ave

Year built

1986

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.23 AC

Property size (Sq ft)

1,870 SF

Property type

Office properties

APN

28-37-22-FN-00002.0-0015.01

APU

283722FN000020001501

Description

This exceptional investment opportunity presents a vacant 1,870-square-foot retail space located at 2179 Julian Avenue NE, Unit B, in Palm Bay, Florida. Priced at $325,000, this single-story, Class B building sits on a 10,018.8-square-foot lot and boasts a convenient location near Palm Bay Road, US1, and Interstate 95, ensuring high visibility and accessibility. Built in 1986, the property features a spacious interior previously used as an orthodontist's office, complete with a waiting room, reception area, exam area equipped for six chairs (including plumbing, suction, and air lines), a lab, two offices, a darkroom, and two restrooms. All existing fixtures, furniture, and equipment are included in the sale. The property benefits from ample natural light and features city water, septic, and FPL electric utilities. Zoned for Community Commercial (CC) use, permitted uses include medical, dental, office, and veterinary practices, among others. The property includes access to 21 shared parking spaces. The seller may consider financing options contingent upon contract terms and buyer creditworthiness. This property presents a unique chance to establish or relocate your business in a prime Palm Bay location. The APN is 28-37-22-FN-2-15.02.

• CAP approach

  CAP return

  Valuation

  6%

  $513,951

  6.5%

  $474,416

  7%

  $440,530

• Comparable approach

  Method

  Valuation

  Relative Method

  $293,646

  Geo Method

  $293,646

• Alternative Use

  Use

  Valuation

  Residential

  $588,276

  Hospitality

  $538,858

  Educational

  $448,324

  Medical

  $463,742

  Retail

  $697,392

Location Insight

City

Palm Bay

County

Brevard

State

Florida

Latitude

28.0335

Longitude

-80.6067

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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