100 4th Ave Indialantic, FL 32903-3112
- Retail space
- 8,019 SF
- 0.69 lot acres
Oct 01, 2024
Current Use by Public Records
- Retail space
Property Details for 100 4th Ave
- Year built
- 2001
- Construction
- STEEL FRAME
- Lot size
- 0.69 lot acres
- Property size
- 8,019 SF
- Zone code
- C
- Property type
- Retail space
- APN
- 27-38-31-EO-00025.0-0012.00
- APU
- 273831EO000250001200
Description
This 7,800 sq ft storefront in Indialantic, FL, is listed at $2,650,000 ($339/sq ft) with a 5.55% cap rate and a strong NOI of $147,172. Located on A1A, directly across from the Indialantic Ocean Beach Boardwalk, this property benefits from a recently exercised lease option with approximately 4.5 years remaining on the base term. The roof was replaced in 2019 and includes a 20-year transferable warranty. The property enjoys minimal landlord responsibilities, with the tenant covering most maintenance costs including structure, HVAC, parking lot, and insurance. Landlord responsibilities are limited to roof maintenance and property taxes. The surrounding area boasts strong demographics, with an average household income of $110,000 within a 5-mile radius encompassing a population of 87,822. Its strategic location near Publix, Starbucks, and the Indialantic Shopping Center, coupled with the economic growth driven by Kennedy Space Center, Cape Canaveral Air Station, SpaceX, Boeing, and Port Canaveral, makes this a compelling investment opportunity.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Indialantic
- County
- Brevard
- State
- Florida
- Longitude
- -80.5675
- Latitude
- 28.0925
- CBSA code
- 37340
- CBSA name
- PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
