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    236 5Th Ave Indialantic, FL 32903

    Sponsored
    For Lease
    $13 SF/Yr

    Indialantic Office Suites Available

    Lot size:
    21,941 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This prime Indialantic commercial property offers two available office suites within a two-building complex totaling 21,941 square feet. Unit 236, a 1,600-square-foot first-floor space, features an open configuration, three offices, and a break area. Unit 244, a larger 3,374-square-foot second-floor unit, boasts six offices, a conference room, a break area, and three restrooms. Both units feature drop ceilings and abundant natural light from numerous windows. The property, situated on 0.92 acres, benefits from a convenient location in the heart of Indialantic, midway between the Atlantic Ocean and the Indian River Lagoon. Its Fifth Avenue frontage provides excellent visibility and accessibility, connecting directly to Highway A1A, Riverside Drive, and the Melbourne Causeway. The property boasts 45 paved and striped parking spaces and is zoned Commercial (C), allowing for office, retail, medical, and other uses. Nearby employers include Indialantic Elementary, Hoover Middle School, and Village Market. Estimated CAM is $2.70 per square foot. Minimum divisible space is 1,600 square feet, with a maximum contiguous space of 3,374 square feet. The building, constructed in 1964, is a Class B property with two stories and no elevators. The estimated traffic count on Fifth Avenue is 19,300 vehicles per day. Currently, 4,974 square feet of space is vacant. This is an exceptional opportunity for businesses seeking a well-located and versatile office space in a thriving community.

    Property Features for 236 5Th Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,941 SF
    Class
    B
    Total Rate
    23769.42

    Building Details

    Year Built
    1964
    Buildings
    2
    Stories
    2

    Unit(s) available at that property

    Space
    Unit 236
    Size
    1,600 SF
    Rate per SF
    $24
    Space
    Unit 244
    Size
    3,374 SF
    Rate per SF
    $13

    HighLights

    • Retail and office property totaling 21,941 square feet.
    • Two buildings, two stories each, built in 1964, Class B construction.
    • Multiple tenancies available, with minimum divisible space of 1,600 square feet and maximum contiguous space of 3,374 square feet; 4,974 square feet currently vacant.
    • Located on 0.92 acres at Fifth Avenue and Palm Avenue, Indialantic, Brevard County, in the Space Coast submarket.
    • 45 paved parking spaces.
    • Commercial (C) zoning allows for office, retail, and medical uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    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
    -80.57064956057
    Latitude
    28.090523402017

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    FAQs

    What type of property is this?
    Office space - Indialantic Office Suites Available
    Where is this office space located?
    The property is located at 236 5Th Ave Indialantic, FL.
    What is the lease rate?
    The lease rate is $13-$24 SF/Yr.
    What are key features of this property?
    This property features: Retail and office property totaling 21,941 square feet.; Two buildings, two stories each, built in 1964, Class B construction.; Multiple tenancies available, with minimum divisible space of 1,600 square feet and maximum contiguous space of 3,374 square feet; 4,974 square feet currently vacant.
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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

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    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.

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    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
    236 5Th Ave Indialantic, FL 32903
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