3150 Suntree BlvdRockledge, FL 32955

Property Details for 3150 Suntree Blvd

Year built

1957

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.64 AC

Property size (Sq ft)

1,430 SF

Zone code

BU-2

Property type

Healthcare properties

Property subtype

Medical offices

APN

26-36-13-DE-00001.0-0003.00

APU

263613DE000010000300

Description

This exceptional commercial property at 3150 Suntree Boulevard, Rockledge, Florida 32955, presents a unique opportunity for redevelopment. The 1,430 square foot existing building sits on a substantial 27,878.4 square foot lot, zoned BU-2 for Office, Retail, Warehousing & Wholesale Commercial uses. The property's ideal location in the Suntree area, surrounded by numerous medical offices and situated on a high-traffic road, offers significant potential. Complete architectural plans are available for an 8,750 square foot medical/office building, which can be subdivided into smaller units. This comprehensive package eliminates the time and expense typically associated with planning and design, allowing for a streamlined development process. The property boasts two convenient access points from Suntree Boulevard and 3rd Street, enhancing accessibility and visibility. Furthermore, its proximity to five hospitals within a 30-minute radius makes it particularly attractive for medical-related businesses. The asking price for this turnkey opportunity is $1,100,000. Built in 1957, this single-story building presents a blank canvas for a lucrative commercial venture.

• CAP approach

  CAP return

  Valuation

  6%

  $393,022

  6.5%

  $362,789

  7%

  $336,876

• Comparable approach

  Method

  Valuation

  Relative Method

  $224,553

  Geo Method

  $224,553

• Alternative Use

  Use

  Valuation

  Residential

  $449,858

  Hospitality

  $412,068

  Educational

  $342,836

  Medical

  $354,626

  Retail

  $533,300

Location Insight

City

Rockledge

County

Brevard

State

Florida

Latitude

28.2294

Longitude

-80.6751

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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