1324 Florida A1A, Satellite Beach, FL 32937
This exceptional 10,591 square foot commercial property, located at 1324 Florida A1A in Satellite Beach, Florida 32937, presents a unique investment opportunity. The single-story, Class A building, constructed in 1957 and extensively renovated in 2024, boasts a new façade and offers multiple suites totaling five units. Currently, 4,163 square feet are available, with divisible spaces ranging from 1,971 to 2,192 contiguous square feet. The property is zoned for commercial use, ideal for retail, restaurant, or office tenants. Build-to-suit options are available to customize the space to meet specific business needs. Benefit from excellent visibility on Highway A1A, with over 29,000 vehicles passing daily. The location is strategically positioned across from Satellite High School and Delaura Middle School, ensuring consistent local traffic. Proximity to a new 27-acre mixed-use development and Patrick Space Force Base provides access to a substantial customer base. The area boasts an average household income exceeding $110,000 within a 3-mile radius and a population of over 26,000 residents. The property includes 32 parking spaces and sits on a 0.54-acre lot. Property taxes are $2.42 per square foot. This prime location and versatile space offer significant potential for growth and profitability.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.