401 Ocean AveMelbourne Beach, FL 32951

Property Details for 401 Ocean Ave

Year built

1979

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.15 AC

Property size (Sq ft)

15,741 SF

Zone code

8B

Property type

Office properties

Property subtype

Office buildings

APN

28-38-07-FY-00002.0-0010.00

APU

283807FY000020001000

Description

This exceptional Melbourne Beach office building, located at 401 Ocean Ave, 32951, offers a prime location at a major intersection. Built in 1979 with renovations completed in 2004 and 2005, this two-story, multi-tenant building boasts 12,000 square feet of space. Currently, one suite of 1,140 square feet is available. Enjoy stunning beach views from this well-maintained property, which features convenient amenities including an elevator and ample parking (72 spaces). The building is equipped with 100% central air conditioning, ensuring a comfortable work environment. The property's Assessed Parcel Number (APN) is 28-38-07-Fy-00002.0-0010.00. This is a rare opportunity to secure office space in a highly desirable beachfront location. The building's traditional office style and excellent location make it an ideal choice for a variety of businesses. Don't miss this chance to establish your business in this thriving coastal community.

• CAP approach

  CAP return

  Valuation

  6%

  $4,326,260

  6.5%

  $3,993,470

  7%

  $3,708,222

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,471,809

  Geo Method

  $2,471,809

• Alternative Use

  Use

  Valuation

  Residential

  $4,951,904

  Hospitality

  $4,535,917

  Educational

  $3,773,830

  Medical

  $3,903,617

  Retail

  $5,870,402

Location Insight

City

Melbourne Beach

County

Brevard

State

Florida

Latitude

28.0679

Longitude

-80.5611

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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