960 & 980 N Highway A1a, Indialantic, FL 32903

$1,390,000
Property Type: Commercial Sale Baths: 2 Square Footage: 6,461 Lot Size (sq. ft.): 39,640 Status: Closed
Current Price: $1,390,000 List Date: 10/20/2024 Last Modified: 4/24/2026

Overview

Description

Introducing an exceptional investment opportunity at 960 and 980 North Highway A1A, located with high visibility off A1A in the vibrant community of Indialantic Florida. This impressive .91-acre lot is zoned BU-1, allowing for a variety of commercial uses, making it ideal for diverse business ventures or redevelopment. The first building, formerly known as the iconic Petrillo's restaurant, spans an expansive 3,521 square feet. This space offers ample room for creative transformation, whether you envision a bustling eatery, a retail hub, or a service-oriented business. The second structure, features 2,940 square feet, providing further versatility for community-focused enterprises or additional commercial endeavors. With its proximity to A1A, the site attracts significant foot and vehicle traffic, making it an ideal spot for visibility and accessibility. Don't miss your chance to invest in a property that combines historical charm with modern potential.

Listing Details MLS# 1027495

General Property Information

Number Of Units Total
2
Bathrooms Total
2
Building Area Total
6461
Building Area Source
Public Records
Year Built
1965
Lot Size Acres
0.91
Association YN
No
Water Body Access YN
No
List Price/SqFt
239.9
Sold Price/SqFt
215.14

Property Features

Business Type: Restaurant; Retail Construction Materials: Concrete; Frame; Stucco Cooling: Central Air Current Use: Mixed Use Flooring: Concrete Lot Features: Few Trees Parking Features: Parking Lot Possession: Close Of Escrow Sale Includes: Building & Land Sewer: Public Sewer Utilities: Sewer Available; Water Available Water Source: Public

Contract Information

Original List Price
1550000
Listing Contract Date
2024-10-15
Property Sub Type
Business

Location Tax and Legal

Street Number
960 & 980
Street Direction Prefix
N
Street Name
Highway A1a
County
Brevard
State
FL
Postal Code
32903
MLS Area Major
383 - N Indialantic
Subdivision Name
NORTH INDIALANTIC BY THE SEA REPLAT OF

Remarks and Miscellaneous

Public Remarks
Introducing an exceptional investment opportunity at 960 and 980 North Highway A1A, located with high visibility off A1A in the vibrant community of Indialantic Florida. This impressive .91-acre lot is zoned BU-1, allowing for a variety of commercial uses, making it ideal for diverse business ventures or redevelopment. The first building, formerly known as the iconic Petrillo's restaurant, spans an expansive 3,521 square feet. This space offers ample room for creative transformation, whether you envision a bustling eatery, a retail hub, or a service-oriented business. The second structure, features 2,940 square feet, providing further versatility for community-focused enterprises or additional commercial endeavors. With its proximity to A1A, the site attracts significant foot and vehicle traffic, making it an ideal spot for visibility and accessibility. Don't miss your chance to invest in a property that combines historical charm with modern potential.

Status Change Information

Major Change Timestamp
2025-03-11T19:28:40Z
Major Change Type
Status Change
Status Change Timestamp
2025-03-11
Purchase Contract Date
2025-02-24
Close Date
2025-03-07
Close Price
1390000

More Information

Unit 1 Details

Unit ID
2731676
Unit SqFt
24829
# Units (This Type)
Yes
Furnished
Unfurnished
Unit Remarks
Restaurant
Annual Rent
0

Unit 2 Details

Unit ID
2730824
Annual Rent
36000
Unit SqFt
14810
# Units (This Type)
Yes
Furnished
Unfurnished
Unit Remarks
Retail

Location, Tax, and Legal

Tax Account
2731676
Parcel Number
27-38-31-Ew-0000e.0-0011.00
General County Location
South
Tax Annual Amount
6640.33
Tax Year
2023
Tax Legal Description
NORTH INDIALANTIC BY THE SEA, REPLAT OF LOT 11 BLK E NORTH INDIALANTIC BY THE SEA, REPLAT OF SLY 71.5 FT OF LOT 10 AS
Additional Parcels YN
Yes
Additional Parcels Description
NORTH INDIALANTIC BY THE SEA, REPLAT OF SLY 71.5 FT OF LOT 10 AS DES IN ORB 600 PG 985 BLK E
Directions
Highway A1A N/S to 980/960 N Highway A1A

Construction Materials

Concrete
Yes
Frame
Yes
Stucco
Yes

Cooling

Central Air
Yes

Current Use

Mixed Use
Yes

Flooring

Concrete
Yes

Lot Features

Few Trees
Yes

Parking Features

Parking Lot
Yes

Possession

Close Of Escrow
Yes

Sewer

Public Sewer
Yes

Utilities

Sewer Available
Yes
Water Available
Yes

Water Source

Public
Yes

Business Type

Restaurant
Yes
Retail
Yes

Sale Includes

Building & Land
Yes
Listing Office: Compass Florida, LLC
Last Updated: April - 24 - 2026
Information is deemed to be reliable, but is not guaranteed.