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    244 5Th Ave Indialantic, FL 32903

    Sponsored
    For Lease
    $15 SF/Yr

    Prime Indialantic Office, Retail, or Medical Space

    Lot size:
    3,374 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property at 244 5th Avenue, Indialantic, FL 32903, offers a versatile 3,374 square-foot single-tenant space ideal for a variety of businesses. Located on a 0.92-acre lot (APN 27-38-31-Eo-00020.0-0001.00), this second-floor office boasts six private offices, a conference room, a break area, and three restrooms. The interior features a drop ceiling and abundant natural light from numerous windows. The property benefits from ample parking, with 45 paved and striped spaces available at the plaza. Its Commercial (C) zoning allows for a wide range of uses, including office, retail, and medical practices. Situated conveniently between the Atlantic Ocean and the Indian River Lagoon, this location offers excellent visibility and accessibility. Fifth Avenue provides direct access to Highway A1A, Riverside Drive, and the Melbourne Causeway, ensuring easy commutes for employees and clients. The high traffic count of approximately 19,300 vehicles per day on Fifth Avenue guarantees significant exposure. Nearby establishments include Indialantic Elementary, Hoover Middle School, and Village Market. This property presents a unique opportunity to establish your business in a thriving and desirable location.

    Property Features for 244 5Th Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,374 SF

    Unit(s) available at that property

    Space
    Size
    3,374 SF
    Rate per SF
    $15

    HighLights

    • 3,374 SF single‑tenant space in Indialantic, FL.
    • Located on a 0.92‑acre lot (APN 27‑38‑31‑Eo‑00020.0‑0001.00).
    • Second‑floor office with six private offices, conference room, break area, and three restrooms.
    • Features ample natural light and 45 paved parking spaces.
    • Commercial (C) zoning allows for diverse uses.
    • Excellent visibility and accessibility near A1A, Riverside Drive, and the Melbourne Causeway; high traffic count (approx. 19,300 VPD).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indialantic
    County
    Brevard
    State
    Florida
    Longitude
    -80.5707185
    Latitude
    28.0908303

    Nearby Comparable

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    Nearby Similar for Lease

    • $13 SF/Yr
      21,941 SF

      Fifth & Palm Office Complex

      Indialantic Office Suites Available
      236 5Th Ave, Indialantic, FL 32903
      View Details
    • $22 SF/Yr
      1,200 SF

      Indialantic Office Space For Rent

      Office space available for lease in Indialantic, Florida.
      134 5Th Ave, Indialantic, FL 32903
      View Details
    • $13 SF/Yr
      1,600 SF

      Indialantic Office Space For Rent

      Office spaces available in Indialantic with flexible configurations.
      232-244 5Th Ave, Indialantic, FL 32903
      View Details
    • $24 SF/Yr
      21,569 SF

      Indialantic Office Building For Lease

      Prime Indialantic office space available. Beachfront location.
      325 5Th Ave, Indialantic, FL 32903
      View Details
    • $21 SF/Yr
      816 SF

      Move-in Ready Office Space

      Second-floor office space with private offices, kitchen, and bathrooms.
      122 4Th Ave, Indialantic, FL 32903
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime Indialantic Office, Retail, or Medical Space
    Where is this retail property located?
    The property is located at 244 5Th Ave Indialantic, FL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 3,374 SF single-tenant space in Indialantic, FL.; Located on a 0.92-acre lot (APN 27-38-31-Eo-00020.0-0001.00).; Second-floor office with six private offices, conference room, break area, and three restrooms.
    Request Owner's contact information
    244 5Th Ave Indialantic, FL 32903
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    Indialantic, FL 32903
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    244 5Th Ave Indialantic, FL 32903
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