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$2,987,000
2575 Doreatha Fields Ave, Palm Bay, FL 32905
0 Beds
0 Baths
11,734 SqFt

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Excellent opportunity to purchase a single-tenant income producing industrial property in the heart of Palm Bay!! Republic Services has a 10-Year Agreement with City of Palm Bay Commencing 6/1/20. Long Term NNN Lease with Escalators Every 2-Years. Estimated 2022 NOI is $179,220 which is approximately a 6% CAP. There are two buildings for a total of 11,734 SF. Exterior is approximately 3.41 acres of paved/fenced/cleared yard. New roofs on both buildings in 2020 (Techgum Deck Fastened to Trusses). Flexible City of Palm Bay Light Industrial Zoning allows Warehousing, Light Manufacturing, Outdoor Storage & More! Close proximity to US1, Palm Bay Road & Interstate 95. The Melbourne International Airport is approximately 15-minutes away.
  • Price:
  • $2,987,000
  • Square Footage:
  • 11,734
  • Acreage:
  • 3.41
  • Year Built:
  • 1974
  • Listing ID #:
  • 934186
  • Street Address:
  • 2575 Doreatha Fields Ave
  • City:
  • Palm Bay
  • State:
  • Florida
  • Postal Code:
  • 32905
  • County:
  • Brevard
  • Community:
  • 340 - Ne Palm Bay
  • Listing Status:
  • Active
  • Listing Type:
  • Income
1
out of 5

Palm Bay Elementary School
Public
School Grade Level PRESCHOOL-6
School Students 612 students
School Teachers 12 student/
teacher
2
out of 5

Stone Magnet Middle School
Public
School Grade Level 7-8
School Students 845 students
School Teachers 14 student/
teacher
2
out of 5

Palm Bay Magnet Senior High School
Public
School Grade Level 9-12
School Students 1531 students
School Teachers 16 student/
teacher
  • Construction Description:
  • Concrete Block, Frame - Wood
  • Fireplace:
  • 48 / Warehousing, D
  • Flooring:
  • Concrete, Vinyl
  • Number Of Units:
  • 1
  • Siding:
  • Stucco
  • Stories:
  • Other - Call Agent
  • Total # Of Buildings:
  • 2 Buildings
  • Total Building Square Footage:
  • 11734
  • Year Built:
  • 1974
  • Conforms To Zoning:
  • Li
  • Lot Description:
  • Paved Street, West Of Us1
  • Lot Square Footage:
  • 148540.00
  • Financing Options:
  • Cash, Conventional
  • Price Per Square Foot:
  • 254.56
  • Property Taxes:
  • $6,973
  • Tax Year:
  • 2021
  • Parking Description:
  • Open Parking
  • Cooling System:
  • Central Air
  • Utilities:
  • City Water, Electricity Connected, Sewer Connected
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By The Ullian Realty Corporation
  • COCOA

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