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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.
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