311 6th Ave Indialantic, FL 32903-4301
This exceptional free-standing office building presents a unique investment opportunity in the thriving Indialantic, Florida market. Located just one block south of the vibrant downtown area and a mere two blocks from the beach, this property enjoys unparalleled visibility and accessibility. The 0.23-acre lot houses a concrete block structure featuring five private offices, a welcoming reception area, ample storage space, and a convenient kitchenette. On-site parking ensures ease of access for both staff and clients. The functional layout is ideal for a variety of professional office or medical uses, capitalizing on the area's low retail vacancy rate (below 3%). Its strategic location offers strong foot traffic and proximity to Downtown Melbourne, Brevard County's largest employment hub, only two miles away. The building boasts a newer roof (installed in 2013), contributing to its excellent condition and minimizing future maintenance needs. Furthermore, the versatile zoning allows for either commercial or single-family development, presenting significant potential for future expansion or alternative uses, enhancing the long-term value of this exceptional investment. This turnkey property is ready for immediate occupancy and offers a compelling blend of location, functionality, and future development potential.
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
RP · Indialantic, FLCosts & 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.