1904 Patrick Dr Indian Harbour Beach, FL 32937
- Grocery and convenience stores
- 3,029 SF
- 0.55 lot acres
Current Use by Public Records
- Grocery and convenience stores
Property Details for 1904 Patrick Dr
- Year built
- 1964
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.55 lot acres
- Property size
- 3,029 SF
- Zone code
- B1
- Property type
- Grocery and convenience stores
- APN
- 27-37-11-00-00272.0-0000.00
- APU
- 9223372036854775807
Description
This exceptional 3,029 square foot gas station and convenience store presents a compelling investment opportunity. Strategically located at a signalized intersection, this property benefits from a daily traffic count of 28,645 vehicles, ensuring high visibility and customer flow. Its prime location is adjacent to the prestigious Indian Harbour Marina & Yacht Club, further enhancing its appeal. The property boasts six canopy pumps and an open fuel supply, presenting a significant value-add potential. Surrounded by a robust mix of national retailers such as Publix, Walmart, Panera Bread, 7-Eleven, and Starbucks, this location benefits from established consumer traffic and brand recognition. The strong surrounding demographics are equally impressive, with an average household income of $96,000 and a population of 40,000 within a three-mile radius. Further bolstering the investment potential is a projected 7% population growth within the next five years. The property's adjacency to the newly developed Zon Beachside Residences, a 123-unit luxury independent living facility, provides a consistent and growing customer base. This 0.55-acre property offers a rare combination of high traffic, strong demographics, and established brand synergy, making it an ideal investment for discerning buyers seeking significant returns. The single-tenancy structure simplifies management and maximizes operational efficiency.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,105,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,190,000
- 6.5%
- $2,520,000
- 7%
- $2,405,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,375,000
- Geo Method
- $2,085,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,880,000
- Retail
- $2,045,000
- Mixed-Use
- $2,115,000
- Hospitality
- $2,515,000
- Educational
- $2,565,000
- Residential Income
- $1,985,000
- Energy
- $2,210,000
- Income-Based Land
- $1,975,000
- Food Service
- $2,195,000
Location Insight
- Map
- Local Demand
- City
- Indian Harbour Beach
- County
- Brevard
- State
- Florida
- Longitude
- -80.6002
- Latitude
- 28.1507
- CBSA code
- 37340
- CBSA name
- PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
