520 Ocean Avenue, Melbourne Beach, FL 32951

$430,000
Property Type: Commercial Sale Square Footage: 1,556 Lot Size (sq. ft.): 8,712 Status: Closed
Current Price: $430,000 List Date: 6/14/2020 Last Modified: 11/02/2024

Overview

Description

Commercial zoned 8-B with Multi-family 4-Unit. Unique property! Exceptional opportunity doesn't come along often, Across from Waterfront Ryckman Park and all its amenities. Views of Indian River and gorgeous sunsets await you. A minute walk to rivers edge, restaurants, post ofc, shopping and a few blocks from Atlantic Ocean. Priced to sell! Land and zoning ,Sold as-is, no warranty on existing buildings. This blast from the past offers 3 buildings, Main house is total living 908 sf has 2 bedrooms/1 bath and office area, a 1 car Garage is 336 sf and a Duplex each unit is 324 living sf . Renovate existing for endless possibilities or knock it all down to fulfill a dream! See docs for zoning definitions. In Need of Repairs 75-90K

Listing Details MLS# 877904

General Property Information

Number Of Units Total
3
Stories Total
Yes
Building Area Total
1556
Year Built
1948
Lot Size Acres
0.2
Property Use
C-MIXED USE - COMMERCIAL PROPERTY (1210)
Use Code
08 / MULTI-FAMILY LESS THAN 10
Association YN
No
Water Body Access YN
No
Waterfront YN
No
List Price/SqFt
301.41
Sold Price/SqFt
276.35

Property Features

Building Features: Office Ceiling Type: Plaster Construction Materials: Block; Concrete Cooling: Wall/Window Unit(s) Current Use: Commercial Flooring: Terrazzo Heating: None Location: Beach Area; Central Business District Lot Features: Other Possession: Close Of Escrow Sale Includes: Building & Land Sewer: Public Sewer Showing Requirements: Lockbox; Showing Service Special Listing Conditions: Use Conforms to Zone Water Source: Public

Contract Information

Original List Price
500000
Listing Contract Date
2020-06-14
Property Sub Type
Business

Location Tax and Legal

Street Number
520
Street Name
Ocean
Street Suffix
Avenue
County
Brevard
State
FL
Postal Code
32951
MLS Area Major
384-Indialantic/Melbourne Beach

Remarks and Miscellaneous

Public Remarks
Commercial zoned 8-B with Multi-family 4-Unit. Unique property! Exceptional opportunity doesn't come along often, Across from Waterfront Ryckman Park and all its amenities. Views of Indian River and gorgeous sunsets await you. A minute walk to rivers edge, restaurants, post ofc, shopping and a few blocks from Atlantic Ocean. Priced to sell! Land and zoning ,Sold as-is, no warranty on existing buildings. This blast from the past offers 3 buildings, Main house is total living 908 sf has 2 bedrooms/1 bath and office area, a 1 car Garage is 336 sf and a Duplex each unit is 324 living sf . Renovate existing for endless possibilities or knock it all down to fulfill a dream! See docs for zoning definitions. In Need of Repairs 75-90K

Status Change Information

Major Change Timestamp
2023-11-11T09:37:07Z
Major Change Type
Price Reduced
Price Change Timestamp
2020-09-05T16:45:20Z
Status Change Timestamp
2021-04-06
Purchase Contract Date
2020-11-15
Close Date
2020-12-11
Close Price
430000

More Information

Location, Tax, and Legal

Tax Account
2847674
Parcel Number
28-38-07-01-00003.0-0019.00
General County Location
South
Tax Annual Amount
3730.1
Tax Year
2019
Tax Legal Description
HENRY WHITINGS MELBOURNE BCH LOT 19 BLK 3
Directions
A1A, Go west on Ocean Ave. to number.

Construction Materials

Block
Yes
Concrete
Yes

Cooling

Wall/Window Unit(s)
Yes

Current Use

Commercial
Yes

Flooring

Terrazzo
Yes

Heating

None
Yes

Lot Features

Other
Yes

Possession

Close Of Escrow
Yes

Sewer

Public Sewer
Yes

Special Listing Conditions

Use Conforms to Zone
Yes

Water Source

Public
Yes

Showing Requirements

Lockbox
Yes
Showing Service
Yes

Building Features

Office
Yes

Ceiling Type

Plaster
Yes

Location

Beach Area
Yes
Central Business District
Yes

Sale Includes

Building & Land
Yes
Listing Office: Waterman Real Estate, Inc.
Last Updated: November - 02 - 2024
Information is deemed to be reliable, but is not guaranteed.