101 3rd St Satellite Beach, FL 32937-2011
This exceptional investment opportunity presents a vacant 2,625-2,975 square foot auto repair shop situated on a 0.38-acre lot in Satellite Beach, Florida. The property boasts a prime location at the northwest corner of SR 404 Pineda Causeway, A1A Coastal Highway, and Third Street, offering significant road frontage on three sides (approximately 83 feet on A1A and 212 feet on Third Street). Built in 1991, the masonry concrete building features six roll-up doors, a five-bay garage, and four 9,000-lb. asymmetric lifts, plus one Hunter drive-on alignment lift with jacks and plates. The interior includes a 350 square foot office/lobby area with a customer restroom and a single-unit window AC unit, along with an employee restroom. The property is zoned BU-1 and offers easy access to A1A. The previous business serviced approximately 2,600+ cars annually. This property presents a unique chance to acquire a well-equipped auto repair facility in a high-traffic location with significant potential for growth. The property is vacant and ready for immediate occupancy. Showings are by appointment only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
BU1 · Satellite Beach, FLSatellite Beach. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.