101 3rd St Satellite Beach, FL 32937-2011
- Auto shops
- 2,625 SF
- 0.38 lot acres
Current Use by Public Records
- Auto shops
Property Details for 101 3rd St
- Year built
- 1991
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.38 lot acres
- Property size
- 2,625 SF
- Zone code
- BU1
- Property type
- Auto shops
- APN
- 26-37-23-26-00013.0-0001.00
- APU
- 9223372036854775807
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $290,000
- 6.5%
- $255,000
- 7%
- $275,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $245,000
- Geo Method
- $285,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $235,000
- Retail
- $300,000
- Mixed-Use
- $310,000
- Hospitality
- $255,000
- Educational
- $275,000
- Residential Income
- $280,000
- Energy
- $295,000
- Income-Based Land
- $270,000
- Food Service
- $235,000
Location Insight
- Map
- Local Demand
- City
- Satellite Beach
- County
- Brevard
- State
- Florida
- Longitude
- -80.5983
- Latitude
- 28.2125
- CBSA code
- 37340
- CBSA name
- PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
