Mariangeles Gomez-Perez - Coldwell Banker Coast
1029 Sarno Road
Melbourne, FL 32935

Description

A Medical Office Building leased to a stable tenant. Exceptional location containing 0.54 acres with 260 front feet of direct exposure on Sarno Rd. 2016 AADT was 15,220. This is a well maintained free standing CBS building that has been operated by the current owner as a veterinary hospital since 2004. Sale Includes Building & Land. Zoning RP Professional, Land Use MIX. Currently subject to a 5-year Modified Net lease at $4,100 per month terminating August 8, 2022, with a 5-year renewal option. There are minimal landlord responsibilities associated with the subject property. The tenant is responsible for taxes, insurance, utilities & building maintenance. The landlord is responsible for capital repair, replacement of the roof & structure. Cap Rate 6.5%.

Details

MLS#818873
StyleIndustrial
Sub-TypeResale
StatusActive
Year1969
Days On Site127

Features

SQ Feet2,700
Story(s)1
Units1
ZoningRes-Professiona

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Area Information

StateFL
CountyBrevard
CityMelbourne
Zip Code32935
Area330 - Melbourne
Listing VS Median (in 32935)
Price:
$599,900
low | high
Med:
$165,000
100% of Average
SqFt:
2,700
low | high
Med:
960
100% of Average
$ / SqFt:
$222
low | high
Med:
$172
72.643357226204% of Average
On Site:
127
low | high
Med:
59
100% of Average
Listing Updated: 11/14/2018
MLS Number: 818873
Listing Provided By:
Robert W. Riley  of  Premier Properties Real Estate

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