Bought with Dale Sorensen Real Estate Inc.
$1,675,000
$1,995,000
16.0%For more information regarding the value of a property, please contact us for a free consultation.
3 Baths
6,990 SqFt
SOLD DATE : 05/29/2024
Key Details
Sold Price $1,675,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 6,990 sqft
Price per Sqft $239
Subdivision Rosedale Gardens Sub
MLS Listing ID RX-10964629
Sold Date 05/29/24
Construction Status Resale
Year Built 1953
Annual Tax Amount $4,156
Tax Year 2023
Lot Size 0.910 Acres
Property Sub-Type Retail
Property Description
Prime US Hwy 1 frontage comprising of 3 parcels totaling 0.91 acres with 170 ft of US Hwy 1 frontage and additional access points & frontage on 11th St and Commerce Ave. Currently set up with 4 structures including a 3,782 SF free standing commercial building, a separate 1,800 SF free standing auto repair building, a 1,288 SF residential duplex and a 120 SF metal storage structure. Ideal redevelopment site with over 23,500 cars passing each day. Very visible location with major retailers all around. Existing income in place while developing. Owner financing possible of 70% LTV at 7% interest.
Location
State FL
County Indian River
Area 5940
Zoning CH
Interior
Heating Central
Cooling Central
Flooring Concrete, Other
Fireplaces Type Smoke Detector
Exterior
Utilities Available Cable, Electric, Public Water
Roof Type Comp Rolled,Comp Shingle
Building
Story 70.00
Foundation Block, Concrete
Construction Status Resale
Others
Acceptable Financing Cash, Conventional, Owner
Listing Terms Cash, Conventional, Owner
Financing Cash,Conventional,Owner
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