600 Strawbridge AveMelbourne, FL 32901

Property Details for 600 Strawbridge Ave

Year built

1954

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.42 AC

Property size (Sq ft)

3,125 SF

Zone code

C3

Property type

Office properties

Property subtype

Office buildings

APN

28-37-03-01-00039.0-0011.00

APU

9223372036854775807

Description

This exceptional 200-square-foot retail space, located in Acclaim Court, presents a unique opportunity for a single tenant. Situated on a 0.42-acre lot, this single-story building boasts a desirable C3 zoning classification. The property features one large rectangular office suite (16'7" x 11'8"), perfect for a professional seeking a move-in ready space. Rent includes all CAM expenses, high-speed Spectrum internet, taxes, building insurance, maintenance, janitorial services, electricity, water, sewer, trash pickup, and a security system – a true gross lease. Tenants enjoy 24/7 access to a spacious lobby, kitchen, bathrooms, and conference room. The building is exceptionally well-maintained, featuring a strong concrete structure with zero hurricane damage since 1999, and benefits from 17 parking spaces and attractive landscaping. Free marquis sign space is available for enhanced visibility. The professional atmosphere is further enhanced by existing tenants, including attorneys and financial advisors, indicating a stable and desirable location. The average tenant occupancy exceeds 10 years, highlighting the property's appeal and long-term value. This is an all-inclusive opportunity for a professional seeking a convenient and fully-equipped office space. The APN is 28-37-03-01-00039.0-0011.00.

• CAP approach

  CAP return

  Valuation

  6%

  $858,876

  6.5%

  $792,808

  7%

  $736,179

• Comparable approach

  Method

  Valuation

  Relative Method

  $490,719

  Geo Method

  $490,719

• Alternative Use

  Use

  Valuation

  Residential

  $983,082

  Hospitality

  $900,498

  Educational

  $749,204

  Medical

  $774,970

  Retail

  $1,165,428

Location Insight

City

Melbourne

County

Brevard

State

Florida

Latitude

28.0797

Longitude

-80.611

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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