1616 Florida A1A, Satellite Beach, FL 32937
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.
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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