514 Loveridge Drive, Melbourne, FL 32935
$485,000
Property Type:
Commercial Sale
Square Footage:
2,038
Lot Size (sq. ft.):
13,939
Status:
Closed
Current Price:
$485,000
List Date:
4/17/2023
Last Modified:
6/15/2026
Overview
Description
This updated stand-alone building in Eau Gallie is available for lease/sale starting May 1st, 2023, and is ideal for professionals like lawyers, CPAs, massage therapists, chiropractors, and more! Features include 8 spacious offices, kitchen, reception/waiting area, 2 restrooms (incl. ADA), 3 signs, 9 parking spaces, and on street parking.
New well pump and updated HVAC, metal roof, fencing, irrigation, landscaping, and exterior paint and conveniently located 200 ft from US-1, near Melbourne Airport and downtown.
Possible owner financing with 20% down.
Listing Details MLS# 956969
General Property Information
- Number Of Units Total
- Yes
- Stories Total
- Yes
- Building Area Total
- 2038
- Year Built
- 1952
- Lot Size Acres
- 0.32
- Property Use
- C-OFFICE BUILDING - SINGLE TENANT - 1 STORY (1700)
- Use Code
- 17 / OFFICE, ONE STORY
- Association YN
- No
- Water Body Access YN
- No
- Waterfront YN
- No
- List Price/SqFt
- 245.29
- Sold Price/SqFt
- 237.98
Property Features
Building Features:
Kitchen Facilities; Lobby; Lounge; Medical; Office; Separate Office Area
Ceiling Type:
Drywall; Wood Panel
Construction Materials:
Block; Frame; Stucco
Cooling:
Central Air
Current Use:
Commercial
Flooring:
Carpet; Vinyl
Heating:
None
Listing Terms:
Cash; Conventional; Lease Option; Lease Purchase; Private Financing Available
Location:
Central Business District
Possession:
Close Of Escrow
Roof:
Aluminum; Metal
Sale Includes:
Building & Land
Security Features:
Smoke Detector(s)
Sewer:
Public Sewer
Showing Considerations:
Occupied
Showing Requirements:
24 Hour Notice
Special Listing Conditions:
Owner Licensed RE; Presently Leased
Utilities:
Cable Available; Other
Water Source:
Public; Well
Contract Information
- Original List Price
- 499900
- Listing Contract Date
- 2023-02-10
- Property Sub Type
- Business
Location Tax and Legal
- Street Number
- 514
- Street Name
- Loveridge
- Street Suffix
- Drive
- County
- Brevard
- State
- FL
- Postal Code
- 32935
- MLS Area Major
- 330 - Melbourne - Central
- Subdivision Name
- Loveridge Heights Addn 2 Amended Plat of
Remarks and Miscellaneous
- Public Remarks
- This updated stand-alone building in Eau Gallie is available for lease/sale starting May 1st, 2023, and is ideal for professionals like lawyers, CPAs, massage therapists, chiropractors, and more! Features include 8 spacious offices, kitchen, reception/waiting area, 2 restrooms (incl. ADA), 3 signs, 9 parking spaces, and on street parking. New well pump and updated HVAC, metal roof, fencing, irrigation, landscaping, and exterior paint and conveniently located 200 ft from US-1, near Melbourne Airport and downtown. Possible owner financing with 20% down.
Status Change Information
- Major Change Timestamp
- 2023-04-22T00:17:35Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2023-04-21
- Purchase Contract Date
- 2023-04-17
- Close Date
- 2023-04-21
- Close Price
- 485000
More Information
Building Features
- % Air Conditioned or Heated
- 100
- Clear Ceiling Height
- 2038
- Kitchen Facilities
- Yes
- Lobby
- Yes
- Lounge
- Yes
- Medical
- Yes
- Office
- Yes
- Separate Office Area
- Yes
Historical Information
- Public Historical Remarks 3
- Legal/Misc-Home Warranty: No
Location, Tax, and Legal
- Tax Account
- 2725343
- Parcel Number
- 27-37-21-76-00004.0-0018.00
- General County Location
- Central
- Tax Annual Amount
- 2927.67
- Tax Year
- 2022
- Tax Legal Description
- LOVERIDGE HEIGHTS, ADDN 2 AMENDED PLAT OF PART OF LOT 18 BLK 4 AS DESC IN ORB 2925 PG 777
- Directions
- From Babcock turn left, drive 1/2 block to Loveridge Drive, turn left, building is first on the right.
Construction Materials
- Block
- Yes
- Frame
- Yes
- Stucco
- Yes
Cooling
- Central Air
- Yes
Current Use
- Commercial
- Yes
Flooring
- Carpet
- Yes
- Vinyl
- Yes
Heating
- None
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
- Lease Option
- Yes
- Lease Purchase
- Yes
- Private Financing Available
- Yes
Possession
- Close Of Escrow
- Yes
Roof
- Aluminum
- Yes
- Metal
- Yes
Security Features
- Smoke Detector(s)
- Yes
Sewer
- Public Sewer
- Yes
Special Listing Conditions
- Owner Licensed RE
- Yes
- Presently Leased
- Yes
Utilities
- Cable Available
- Yes
- Other
- Yes
Water Source
- Public
- Yes
- Well
- Yes
Showing Requirements
- 24 Hour Notice
- Yes
Ceiling Type
- Drywall
- Yes
- Wood Panel
- Yes
Location
- Central Business District
- Yes
- City
- Yes
Showing Considerations
- Occupied
- Yes
Sale Includes
- Building & Land
- Yes
Listing Office:
Sell Street R.E. Advisors LLC
Last Updated: June - 15 - 2026
Information is deemed to be reliable, but is not guaranteed.