2595 NE Palm Bay Road NE, Palm Bay, FL 32905

$460,000
Property Type: Commercial Sale Square Footage: 2,023 Lot Size (sq. ft.): 21,780 Status: Closed
Current Price: $460,000 List Date: 4/21/2022 Last Modified: 5/26/2026

Overview

Description

PRICE REDUCTION!!! This standalone building was used as a restaurant and is zoned Highway Commercial which allows for many alternate uses. It features a 2018 12 ft. hood, commercial kitchen appliances, furniture and outdoor dining space.as featured in the Listing documents. This building is situated on a 0.50 ac corner lot with 128 ft. frontage on Palm Bay Rd & 170 ft. fronting Rock Lane Dr. located in the Bayfront Redevelopment District east of the Palm Bay Rd bottleneck so there is no median to cross. Only minutes from L3 Harris and other High-Tech Corridor businesses. The $18,000 impact fees were paid.. The Seller will consider Balloon financing with $175,000 down. for a 36 month term amortized as a 20 year note at 5.75% interest.

Listing Details MLS# 852723

General Property Information

Number Of Units Total
Yes
Stories Total
Yes
Building Area Total
2023
Year Built
1990
Lot Size Acres
0.5
Property Use
C-FAST FOOD RESTAURANT (2110)
Use Code
11 / STORES, ONE STORY
Association YN
No
Water Body Access YN
No
Waterfront YN
No
List Price/SqFt
234.8
Sold Price/SqFt
227.39

Property Features

Building Features: Public Restroom; Restaurant; Separate Office Area Business Type: Bar/Tavern/Lounge; Restaurant Ceiling Type: Acoustic; Drywall Construction Materials: Block; Stucco Cooling: Central Building; Electric Flooring: Tile Heating: Central; Electric Listing Terms: Cash; Conventional; Private Financing Available Location: Central Business District Possession: Close Of Escrow Roof: Rolled/Hot Mop Sale Includes: Building & Land; Furniture, Fixtures and Equipment Security Features: Fire Alarm; Smoke Detector(s) Sewer: Public Sewer Showing Requirements: Call Listing Agent Special Listing Conditions: Use Conforms to Zone Utilities: Cable Available; Natural Gas Available Water Source: Public

Contract Information

Original List Price
475000
Listing Contract Date
2019-08-07
Property Sub Type
Business

Location Tax and Legal

Street Number
2595
Street Direction Prefix
NE
Street Name
Palm Bay
Street Suffix
Road
Street Direction Suffix
NE
County
Brevard
State
FL
Postal Code
32905
MLS Area Major
340 - NE Palm Bay
Subdivision Name
David Subd

Remarks and Miscellaneous

Public Remarks
PRICE REDUCTION!!! This standalone building was used as a restaurant and is zoned Highway Commercial which allows for many alternate uses. It features a 2018 12 ft. hood, commercial kitchen appliances, furniture and outdoor dining space.as featured in the Listing documents. This building is situated on a 0.50 ac corner lot with 128 ft. frontage on Palm Bay Rd & 170 ft. fronting Rock Lane Dr. located in the Bayfront Redevelopment District east of the Palm Bay Rd bottleneck so there is no median to cross. Only minutes from L3 Harris and other High-Tech Corridor businesses. The $18,000 impact fees were paid.. The Seller will consider Balloon financing with $175,000 down. for a 36 month term amortized as a 20 year note at 5.75% interest.

Status Change Information

Major Change Timestamp
2022-06-22T14:30:15Z
Major Change Type
Status Change
Price Change Timestamp
2022-05-05T17:31:46Z
Status Change Timestamp
2022-06-22
Purchase Contract Date
2022-05-26
Close Date
2022-06-21
Close Price
460000

More Information

Building Features

% Air Conditioned or Heated
100
Public Restroom
Yes
Restaurant
Yes
Separate Office Area
Yes

Historical Information

Public Historical Remarks 3
Legal/Misc-Home Warranty: No

Location, Tax, and Legal

Tax Account
2832410
Parcel Number
28-37-23-01-00008.0-0001.00
General County Location
South
Tax Annual Amount
3954.26
Tax Year
2018
Tax Legal Description
DAVID SUBD LOTS 1 & 2 BLOCK 8
Directions
From Hwy US 1 travel west on Palm Bay Rd. Located across the street from Izzy's Restaurant. From Babcock St go east on Palm Bay Rd 1.73 miles, about 1100 ft. east of Robert J Conlon Blvd.

Construction Materials

Block
Yes
Stucco
Yes

Cooling

Central Building
Yes
Electric
Yes

Flooring

Tile
Yes

Heating

Central
Yes
Electric
Yes

Listing Terms

Cash
Yes
Conventional
Yes
Private Financing Available
Yes

Possession

Close Of Escrow
Yes

Roof

Rolled/Hot Mop
Yes

Security Features

Fire Alarm
Yes
Smoke Detector(s)
Yes

Sewer

Public Sewer
Yes

Special Listing Conditions

Use Conforms to Zone
Yes

Utilities

Cable Available
Yes
Natural Gas Available
Yes

Water Source

Public
Yes

Showing Requirements

Call Listing Agent
Yes

Business Type

Bar/Tavern/Lounge
Yes
Restaurant
Yes

Ceiling Type

Acoustic
Yes
Drywall
Yes

Location

Central Business District
Yes
City
Yes

Sale Includes

Building & Land
Yes
Furniture, Fixtures and Equipment
Yes
Listing Office: SouthStar Realty Assoc. Inc.
Last Updated: May - 26 - 2026
Information is deemed to be reliable, but is not guaranteed.
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