2099 Palm Bay NE Rd Palm Bay, FL 32905-2971
- Strip malls
- 4,140 SF
- 0.46 lot acres
Current Use by Public Records
- Strip malls
Property Details for 2099 Palm Bay NE Rd
- Year built
- 1999
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.46 lot acres
- Property size
- 4,140 SF
- Zone code
- CC
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 28-37-22-01-00002.0-0002.00
- APU
- 9223372036854775807
Description
This thriving smoke shop presents a unique investment opportunity on Palm Bay Road. The property is a single-tenant retail space encompassing 1,260 square feet within a larger 3,780 square foot building. The business boasts impressive inside retail sales averaging approximately $22,000 per month, further supplemented by lottery commission and income from other machines. This established business offers a strong track record and consistent revenue stream. The current monthly rent is $2,500. The asking price includes a $40,000 business goodwill value, reflecting the established clientele and operational success. This turnkey operation is ideal for an investor seeking a profitable, established business with significant earning potential. The property's location on Palm Bay Road ensures high visibility and accessibility to a substantial customer base. The sale includes the existing inventory and fixtures, allowing for a seamless transition for the new owner. This is a rare opportunity to acquire a profitable, established business with a proven history of success in a desirable location. Serious inquiries only. Financial statements are available upon request. This is a fantastic opportunity for a savvy investor looking for a strong return on investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $945,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $715,000
- 6.5%
- $865,000
- 7%
- $750,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $720,000
- Geo Method
- $740,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $740,000
- Retail
- $925,000
- Mixed-Use
- $775,000
- Hospitality
- $900,000
- Educational
- $715,000
- Residential Income
- $730,000
- Energy
- $830,000
- Income-Based Land
- $835,000
- Food Service
- $730,000
Location Insight
- Map
- Local Demand
- City
- Palm Bay
- County
- Brevard
- State
- Florida
- Longitude
- -80.6118
- Latitude
- 28.0355
- CBSA code
- 37340
- CBSA name
- PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
