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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

236 5Th Ave Indialantic, FL 32903

21,941 SF 0.92 ac lot Built 1964
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Year built 1964
Total area 21,941 SF
Lot 0.92 ac (40,075 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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