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Indialantic Office/Retail Space Available
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244 5th Ave, Indialantic, FL 32903

Office and retail spaces for lease in Indialantic, Florida.

Space Size3,374 SF
Property Size21,941 SF
Days on Market975

Property Features for 244 5th Ave

General Information

Standard status Active
Size 3,374 SF
Class B
Property subtype Office
Lease Type NNN

Building Details

Building Size 21,941 SF
Year Built 1964
Tenancy Multiple

Spaces For Lease

at 244 5th Ave Contact us

Unit 244

Size
3,374 SF
Type
Office
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: The Ullian Realty Corporation
Listed By: Zach Ullian
Source: Crexi
Added: Dec 28, 2023 Changed: Aug 18 Last Checked: Aug 26 at 11:16AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Ullian Realty Corporation

Investment Insights

Based on property information with market context.

Two commercial units are available for lease in Indialantic, Florida. Unit 236 is a 1,600-square-foot first-floor space featuring an open configuration, three offices, and a break area. Unit 244 is a 3,374-square-foot second-floor unit with six offices, one conference room, a break area, and three restrooms. Both units have drop ceilings and ample windows providing sunlight. The property is zoned Commercial (C), suitable for office, retail, medical, and other uses. It benefits from high traffic, with an estimated 19,300 vehicles per day on Fifth Avenue, and offers ample parking with 45 common paved and striped spaces. Operating expenses are estimated at $2.70 per square foot. The property is located in the heart of Indialantic, approximately halfway between the Atlantic Ocean and the Indian River Lagoon, with frontage on Fifth Avenue, a direct connector between Highway A1A, Riverside Drive, and the Melbourne Causeway. Surrounding employers include Indialantic Elementary, Hoover Middle School, and Village Market.

Key Highlights

  • High‑traffic location on Fifth Avenue with approximately 19,300 vehicles per day.
  • Versatile Commercial (C) Zoning suitable for office, retail, medical, and other uses.
  • Ample parking available with 45 common paved/striped spaces.

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Auto Repair Shop Electrical Service HVAC Service Daycare Center Garden Center Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.95 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

853
Businesses Nearby

Demographics for 32903, FL

13,880
Population
7,469
Households
1.9
Avg Household Size
52
Median Age
51%
College-Educated
97%
High-School Grad
3.6 sq mi
ZIP Area
3,856
Density / Sq Mi
$101,549
Median Household Income
$55,718
Median Earnings
$1,700
Median Rent
$495,700
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Office and retail spaces for lease in Indialantic, Florida.
Where is this office units located?
The property is located at 244 5th Ave Indialantic, FL.
What is the lease rate?
The lease rate is $13 SF/Yr.
What are key features of this property?
This property features: High‑traffic location on Fifth Avenue with approximately 19,300 vehicles per day.; Versatile Commercial (C) Zoning suitable for office, retail, medical, and other uses.; Ample parking available with 45 common paved/striped spaces.
More about this property
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