214 Emerson Drive NW, Palm Bay, FL 32907

$950,000
Property Type: Commercial Sale Square Footage: 5,850 Lot Size (sq. ft.): 37,462 Status: Active
Current Price: $950,000 List Date: 7/31/2026 Last Modified: 9/18/2026

Overview

Description

This 100% occupied, five-unit retail asset offers $81,000.00 in annual Pro Forma Gross Income & a consistent history of Tenant occupancy. Existing leases include automatic annual rent increases, providing embedded revenue growth & the potential for increased cash flow over time & at lease renewal. Room for rent increases. The property was recently placed under the management of a highly rated local professional management company, which provides monthly reconciled financial reporting, rent collection oversight, security deposit handling, full-service property management, & even some maintenance! Buyer is solely responsible for conducting all due diligence & independently verifying all property, lease, income, expense, zoning, & operating information. Additional terms, fees, disclosures, & or conditions may apply.

Listing Details MLS# 1083856

General Property Information

Number Of Units Total
5
Stories Total
Yes
Building Area Total
5850
Building Area Source
Public Records
Accessibility Features YN
Yes
Year Built
1991
Building Name
Santa Ninfa Shopping Center
Lot Size Acres
0.86
Land Lease YN
No
Association YN
No
Water Body Access YN
No
Waterfront YN
No
Senior Community YN
No
List Price/SqFt
162.39

Property Features

Accessibility Features: Accessible Approach with Ramp Construction Materials: Concrete Lot Features: Other Parking Features: Off Street; Parking Lot Sale Includes: Building & Land Sewer: Septic Tank Showing Considerations: Limited Visibility From Road; Occupied; Security System Showing Requirements: Appointment Only; Audio Surveillance; Restricted Hours; Showing Service; Video Surveillance; Other Water Source: Public

Contract Information

Original List Price
1000000
Listing Contract Date
2026-07-31
Property Sub Type
Retail

Location Tax and Legal

Street Number
214
Street Name
Emerson
Street Suffix
Drive
Street Direction Suffix
NW
County
Brevard
State
FL
Postal Code
32907
MLS Area Major
344 - NW Palm Bay

Remarks and Miscellaneous

Public Remarks
This 100% occupied, five-unit retail asset offers $81,000.00 in annual Pro Forma Gross Income & a consistent history of Tenant occupancy. Existing leases include automatic annual rent increases, providing embedded revenue growth & the potential for increased cash flow over time & at lease renewal. Room for rent increases. The property was recently placed under the management of a highly rated local professional management company, which provides monthly reconciled financial reporting, rent collection oversight, security deposit handling, full-service property management, & even some maintenance! Buyer is solely responsible for conducting all due diligence & independently verifying all property, lease, income, expense, zoning, & operating information. Additional terms, fees, disclosures, & or conditions may apply.

Status Change Information

Major Change Timestamp
2026-09-18T23:00:32Z
Major Change Type
Price Reduced
Price Change Timestamp
2026-09-18T23:00:32Z
Status Change Timestamp
2026-07-31

More Information

Unit 1 Details

Unit ID
Yes
Annual Rent
47400
Unit SqFt
1170
# Units (This Type)
Yes
Furnished
Unfurnished
Unit Remarks
COMBINED 1-3 UNITS / TENANT OCCUPIED 3-UNIT + YARD

Unit 2 Details

Unit ID
2
Unit SqFt
1170
# Units (This Type)
Yes
Furnished
Unfurnished
Unit Remarks
COMBINED 1-3 UNITS / TENANT OCCUPIED 3-UNIT + YARD
Annual Rent
0

Unit 3 Details

Unit ID
3
Unit SqFt
1170
# Units (This Type)
Yes
Furnished
Unfurnished
Unit Remarks
COMBINED 1-3 UNITS / TENANT OCCUPIED 3-UNIT + YARD
Annual Rent
0

Unit 4 Details

Unit ID
4
Annual Rent
16800
Unit SqFt
1170
# Units (This Type)
Yes
Furnished
Unfurnished
Unit Remarks
TENANT OCCUPIED 1-UNIT

Unit 5 Details

Unit ID
5
Annual Rent
16800
Unit SqFt
1170
# Units (This Type)
Yes
Furnished
Unfurnished
Unit Remarks
TENANT OCCUPIED 1-UNIT

Location, Tax, and Legal

Tax Account
2805376
Parcel Number
28-36-23-Kn-01939.0-0002.00
General County Location
South
Tax Annual Amount
11106.5
Tax Year
2023
Tax Legal Description
PORT MALABAR UNIT 42 LOT 2 BLK 1939
Directions
These directions begin at Palm Bay Road and Minton Road: Travel west on Palm Bay Road toward Minton Road. Turn left--south--onto Minton Road. Continue approximately 0.2 mile. Turn right onto Emerson Drive NW. Continue west for approximately 1.3 miles. 214 Emerson Drive NW will be on the left, near Jupiter Boulevard NW. For GPS, enter the complete address: 214 Emerson Drive NW, Palm Bay, FL 32907

Accessibility Features

Accessible Approach with Ramp
Yes

Construction Materials

Concrete
Yes

Lot Features

Other
Yes

Parking Features

Off Street
Yes
Parking Lot
Yes

Sewer

Septic Tank
Yes

Water Source

Public
Yes

Showing Requirements

Appointment Only
Yes
Audio Surveillance
Yes
Restricted Hours
Yes
Showing Service
Yes
Video Surveillance
Yes
Other
Yes

Showing Considerations

Limited Visibility From Road
Yes
Occupied
Yes
Security System
Yes

Sale Includes

Building & Land
Yes
Listing Office: Elite Class Prop. Mgt. & R.E.
Last Updated: September - 18 - 2026
Information is deemed to be reliable, but is not guaranteed.