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    OFF-MARKET
    Retail properties & Spaces

    1616 Florida A1A, Satellite Beach, FL 32937

    2,040 SF Built 1965
    Property ID
    Property summary
    AI-generated overview

    This exceptional turn-key retail property, located at 1616 Florida A1A in Satellite Beach, Florida, presents a unique investment opportunity. The 2,040 square foot building sits on an 8,712 square foot lot (APN: 27 3701-50-7-19) and boasts high visibility with 51 feet of frontage on the highly trafficked A1A. Built in 1965, the property includes two buildings, each one story, and has undergone a complete renovation. This renovation included returning the structure to its concrete walls and a comprehensive rebuild encompassing a new steel joist roof, a storage shed, updated electrical, HVAC, plumbing, two bathrooms, a new water filtration and heating system, replacement windows, and terrazzo flooring. The property is well-maintained, featuring attractive landscaping, accordion hurricane shutters, and security cameras. Its strategic location across from, and within walking distance of, several beach access points ensures high foot traffic and visibility. The effective LED street signage further enhances its marketing potential. This is an ideal opportunity for a business seeking a prime location with a recently renovated, move-in ready space. The property is zoned for commercial use and offers significant potential for a variety of retail businesses. The asking price is $759,000.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1965
    Total area 2,040 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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