Florida A1A Melbourne Beach, FL 32951
- Retail properties
- 3,200 SF
- 1.50 lot acres
Current Use by Public Records
- Retail properties
Property Details for 0 Florida A1A
- Lot size
- 1.50 lot acres
- Property size
- 3,200 SF
- Property type
- Retail properties
- Property subtype
- Gas stations
Description
This exceptional Class A gas station, located in Indialantic, Brevard County, Florida, presents a lucrative investment opportunity. Boasting 3,200 square feet on a 1.5-acre lot, this single-story building features eight gas pumps and ample parking for 24 vehicles. The property enjoys a prime beachfront location on Florida A1A, with over 174 feet of road frontage ensuring high visibility and traffic. Currently operating at 100% occupancy with a strong tenant history, this owner-user investment offers a substantial NOI of $225,370 and a compelling 11.27% cap rate. The asking price is $2,000,000, translating to $625 per square foot. The existing convenience store adds to the property's revenue streams. Zoned for existing use, this turnkey operation is ideal for an owner-operator seeking a profitable and established business in a high-growth area projected to experience a 12% increase in growth over the next three years. The property is exceptionally clean and fully functional, offering a seamless transition for the new owner. No jobbers are permitted.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Melbourne Beach
- County
- Brevard
- State
- Florida
- Longitude
- -80.5075
- Latitude
- 27.9651
