5108 Minton RdPalm Bay, FL 32907

Property Details for 5108 Minton Rd

Year built

1986

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.55 AC

Property size (Sq ft)

5,800 SF

Zone code

CC

Property type

Retail properties

Property subtype

Strip malls

APN

28-36-24-KR-02472.0-0028.00

APU

283624KR024720002800

Description

This exceptional retail business opportunity is located at 5108 Minton Road NW in Palm Bay, Florida, zip code 32907. The property, built in 1986, is a single-story building situated on a substantial 23,958 square foot lot. Priced at $150,000, this represents a compelling investment in a thriving commercial area. The sale includes the established business only. The property features one unit, ideal for a variety of retail uses. This is a well-established business in a rapidly developing section of Palm Bay, offering significant potential for growth and return on investment. The property benefits from a significant advantage: the landlord covers the water bill, reducing operating expenses for the new owner. The property's location in Brevard County, Florida provides easy access to major transportation routes and a strong customer base. This is a turnkey opportunity for an entrepreneur seeking to establish or expand their retail presence in a dynamic market. Further details are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $2,343,288

  6.5%

  $2,163,035

  7%

  $2,008,532

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,295,150

  Geo Method

  $2,295,150

• Alternative Use

  Use

  Valuation

  Residential

  $1,824,601

  Hospitality

  $1,671,324

  Educational

  $1,390,522

  Medical

  $1,438,344

  Retail

  $2,163,035

Location Insight

City

Palm Bay

County

Brevard

State

Florida

Latitude

28.0319

Longitude

-80.6721

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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