520 N Harbor City Boulevard N, Melbourne, FL 32935
$250,000
Property Type:
Commercial Sale
Square Footage:
2,166
Lot Size (sq. ft.):
9,583
Status:
Closed
Current Price:
$250,000
List Date:
9/10/2020
Last Modified:
6/15/2026
Overview
Description
Turn-key investment in a HOT commercial location! Start making money now with an established tenant in place until 2022. Net $21,804 a year the minute you close! This sturdy free-standing concrete block building showcases 2,166 square feet under-air and is situated along the high-profile Harbor City Boulevard with tons of exposure and an abundance of drive-by traffic. The building is currently being used as an insurance company with an interior reception area and offices. The property also provides a covered entry and parking lot. Not only is this spot along a bustling thoroughfare, but it's also close to the Eau Gallie Causeway, offering easy access to the beaches. The sale is subject to a continued lease agreement with the current renter. Smart investment with immediate results!
Listing Details MLS# 881194
General Property Information
- Number Of Units Total
- Yes
- Building Area Total
- 2166
- Year Built
- 1952
- Lot Size Acres
- 0.22
- 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
- 138.04
- Sold Price/SqFt
- 115.42
Property Features
Building Features:
Office
Construction Materials:
Concrete; Stucco
Cooling:
Central Air
Current Use:
Commercial
Flooring:
Carpet
Heating:
Central
Listing Terms:
Lease Option
Possession:
Close Of Escrow; Subject To Tenant Rights
Roof:
Mixed
Sale Includes:
Building & Land
Security Features:
Smoke Detector(s)
Sewer:
Public Sewer
Showing Considerations:
Occupied
Showing Requirements:
Call Listing Office
Special Listing Conditions:
Presently Leased
Water Source:
Public
Contract Information
- Original List Price
- 299000
- Listing Contract Date
- 2020-07-24
- Property Sub Type
- Business
Location Tax and Legal
- Street Number
- 520
- Street Direction Prefix
- N
- Street Name
- Harbor City
- Street Suffix
- Boulevard
- Street Direction Suffix
- N
- 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
- Turn-key investment in a HOT commercial location! Start making money now with an established tenant in place until 2022. Net $21,804 a year the minute you close! This sturdy free-standing concrete block building showcases 2,166 square feet under-air and is situated along the high-profile Harbor City Boulevard with tons of exposure and an abundance of drive-by traffic. The building is currently being used as an insurance company with an interior reception area and offices. The property also provides a covered entry and parking lot. Not only is this spot along a bustling thoroughfare, but it's also close to the Eau Gallie Causeway, offering easy access to the beaches. The sale is subject to a continued lease agreement with the current renter. Smart investment with immediate results!
Status Change Information
- Major Change Timestamp
- 2020-10-27T21:49:37Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2020-10-27
- Purchase Contract Date
- 2020-09-26
- Close Date
- 2020-10-26
- Close Price
- 250000
More Information
Building Features
- Clear Ceiling Height
- 2166
- Office
- Yes
Income and Expenses
- Gross Scheduled Income
- 30864
- Insurance Expense
- 3000
- Net Operating Income
- 21804
- New Taxes Expense
- 6060
Location, Tax, and Legal
- Tax Account
- 2725331
- Parcel Number
- 27-37-21-76-00004.0-0006.00
- General County Location
- Central
- Tax Annual Amount
- 3815.74
- Tax Year
- 2019
- Tax Legal Description
- LOVERIDGE HEIGHTS, ADDN 2 AMENDED PLAT OF LOT 6 BLK 4
- Directions
- From Babock Street, take US 1 south. Property is on the left.
Construction Materials
- Concrete
- Yes
- Stucco
- Yes
Cooling
- Central Air
- Yes
Current Use
- Commercial
- Yes
Flooring
- Carpet
- Yes
Heating
- Central
- Yes
Listing Terms
- Lease Option
- Yes
Possession
- Close Of Escrow
- Yes
- Subject To Tenant Rights
- Yes
Roof
- Mixed
- Yes
Security Features
- Smoke Detector(s)
- Yes
Sewer
- Public Sewer
- Yes
Special Listing Conditions
- Presently Leased
- Yes
Water Source
- Public
- Yes
Showing Requirements
- Call Listing Office
- Yes
Location
- City
- Yes
Showing Considerations
- Occupied
- Yes
Sale Includes
- Building & Land
- Yes
Listing Office:
Dale Sorensen Real Estate Inc.
Last Updated: June - 15 - 2026
Information is deemed to be reliable, but is not guaranteed.