2133 Sarno Rd Melbourne, FL 32935

This exceptional Melbourne, Florida, retail investment opportunity presents a 4,811 square foot, single-story, multi-tenant storefront building situated on Sarno Road. The property, built in 1958 and renovated in 2016, boasts 16 parking spaces and features four tenants under a Net Lease agreement with a remaining term of three years and 3% annual rent bumps. The building offers 3,922 square feet of net rentable space, currently at 50% occupancy, with an asking price of $700,000, representing a compelling 8.00% cap rate and a price per square foot of $145.50. The property is zoned C-2 and sits on a 4,811 square foot lot. Recent improvements include a fresh coat of paint, updated plumbing, and a restriped parking lot. Its strategic location on a high-traffic thoroughfare, across from a shopping plaza and just 15 minutes from the ocean, ensures high visibility and accessibility. The property's versatility makes it suitable for a variety of retail or office uses, capitalizing on the approximately 30,000 cars passing daily. This is a rare opportunity to acquire a well-maintained, income-producing property in a thriving Melbourne location. The property's strong fundamentals and recent improvements make it an attractive investment for discerning buyers.