236 5Th Ave Indialantic, FL 32903
- Retail properties
- 21,941 SF
- 0.92 lot acres
Current Use by Public Records
- Retail properties
Property Details for 236 5Th Ave
- Year built
- 1964
- Lot size
- 0.92 lot acres
- Property size
- 21,941 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Indialantic
- County
- Brevard
- State
- Florida
- Longitude
- -80.5706
- Latitude
- 28.0905
