Home » Palm Bay » 1051 Port Malabar Boulevard NE 1, Palm Bay, FL 32905 | R10925191/RX-10925191

1051 Port Malabar Boulevard NE 1, Palm Bay, FL 32905 | Sold

$710,000
closed for a price of $705,900

Property Highlights

Listing ID R10925191/RX-10925191 Status of this Listing: Closed Sold Property Type Commercial Sale Other Year Built 1982 Seller considers Cryptocurrency Time of this property from published date until Closing Date 40 Days
54 Photos of this Property

1051 Port Malabar Boulevard NE 1, Palm Bay, FL 32905

Property Description: Compass Commercial is pleased to present an exceptional investment opportunity in the heart of booming Palm Bay, Florida. The meticulously maintained single-unit commercial condominium at 1051 Port Malabar Blvd NE offers a secure and attractive addition to any investment portfolio. With a single corporate credit tenant on a fully net lease, this property promises stable and entirely passive income for any discerning investor.Situated in a bustling business district in Brevard County 's booming Space Coast, this property enjoys high visibility on Port Malabar Blvd NE, a major arterial road in Palm Bay. The location offers convenient access to I-95 and is surrounded by a mix of commercial and residential developments.

Useful Info

Original List Price:$710,000
Close Price:$705,900

Lease Details

Lease Terms Description:7-10 Year Lease,Net Rent Shown,Triple Net Lease

Land Lot (Parcel) Details

Lot Size Acres:0.2

Construction

Levels:One
Flooring:
  • Wood
  • Vinyl
  • Ceramic Tile
Stories:1

Property Features

Waterfront:No
Security:
  • Smoke Detector(s)
Roof:
  • Shingle
  • Composition
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating:Yes
Heating System:
  • Central
  • Electric

Taxes and Expenses

Tax Annual Amount:$2,209

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2021

Terms

Documents Available:
  • Aerial
  • Appraisal
  • Title
Listing Terms Considered by Seller:
  • Cash
  • Conventional
  • Cryptocurrency
Buyer Possession:
  • Negotiable
  • Close Of Escrow
Buyer Financing:
  • Cash
Lease Considered:No

Community

Subdivision Name:PORT MALABAR PROFESSIONAL
Complex Name:PORT MALABAR PROFESSIONAL
Senior Community:No

Parking

Covered Spaces:0

Utilities

Utilities Available:
  • Electricity Available
  • Water Available
Water Source:
  • Public

More Details

Other Information:
Data exchange original Listing Number: RX-10925191

Zoning and Legal

Tax Legal Description:PORT MALABAR PROFESSIONAL CONDO UNIT 1 PORT MALABAR PROFESSIONAL CONDO AS DESC IN ORB 2761 PG 0328 AND ALL AMENDMENTS TH
Real Estate Folio Number (Parcel Number):28 37270000511a
Zoning Description:COMM / M

Listing History

Update/EventDate/Days
Published Date:October 5, 2023 2:08 pm
On Market Date:October 5, 2023
Listing Contract Date:October 5, 2023
Contingent Date:October 16, 2023
Close Date:November 14, 2023
Last Important Update Description:Closed
Date and Time of Last Important Update:November 14, 2023 4:32 pm
Status Last Changed:November 14, 2023 12:00 am
Photos Last Modified:October 5, 2023 8:43 pm
Last Modified:March 26, 2024 3:42 pm
Days on the Market Reference Date:March 26, 2024
Days on the Market (updated on Last Modified*):11
Cumulative Days on the Market (updated on Last Modified**):11

Additional Information

Lot Size Range:,
Number of Photos Count:54
Area:5940
Ref ID:1045910370
Automated Valuation Display:Yes
Courtesy of:Compass Florida LLC
Universal Property Id:US-12009-N-28 37270000511a-R-N

Location

Show Property Address:Yes
Street Name:Port Malabar Boulevard
Street Number:1051
Street Direction Suffix:NE
Street Address:1051 Port Malabar Boulevard NE 1
Unit Number:1
City : Palm Bay
State : Florida
Zip Code : 32905
County : Brevard County
Full Address:1051 Port Malabar Boulevard NE 1, Palm Bay, FL 32905
Latitude:N28° 1' 11.4''
Longitude:W81° 22' 44.4''

Neighborhood

Postal City:Palm Bay

Property Map