700 John Rodes Blvd Melbourne, FL 32904

This exceptional investment opportunity presents a Class B, 5,376 square foot warehouse condo in Melbourne, Florida, currently 100% occupied with a strong tenant. The property boasts two units totaling 5,376 square feet, featuring a substantial built-out office space (approximately 4,225 SF) in addition to warehouse space (approximately 1,151 SF). The building includes a reception area, multiple offices, a conference room, and break room. Two grade-level doors provide convenient access. The property benefits from a strong lease with a remaining term of approximately 0.9 years and two one-year renewal options, each with a 2% annual rent increase. The current monthly rent is $6,300 plus Florida sales tax. The tenant is responsible for utilities and interior maintenance (up to $1,500 annually), while the owner covers property taxes and association dues (approximately $322 monthly). The property is zoned for City of Melbourne Light Industrial (M-1) and includes six parking spaces. Located on John Rodes Boulevard, this property offers easy access to major roadways, including three Interstate 95 interchanges. The asking price is $550,000, representing a compelling 11.93% cap rate and a price per square foot of $102.31. This is a rare opportunity to acquire a well-located, income-producing asset with significant upside potential. The property's strong tenant, favorable lease terms, and prime location make it an attractive investment for discerning buyers. Built in 1986, this two-story building offers a blend of warehouse and office space, ideal for a variety of uses.