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2133-2145 Sarno Rd
Melbourne, FL 32935
Retail Property For Sale
Investment Highlights
- Sarno Road is one of the main roads inside of Melbourne and the subject property is across the street from a 161,071 sf shopping center
- Large back yard available behind the building
- New buyer can increase rents or re rent spaces at almost double what existing tenants are paying.
- Newly painted building and resurfaced and striped parking lot
- Tenant rents are half of market rate. This is displayed in the offering memorandum. One tenant wants to expand their footprint on the property
- Spaces are 1,000 sf and smaller. These size spaces are very hard to find in this area for retail and office properties.
Executive Summary
Please request offering memorandum that has the breakdown of the current income and expenses and the pro forma.
There are currently 5 spaces. 4 of the 5 spaces are leased. There is one 700 sf space available for lease at $19.28/sf
Proximity to Melbourne Beach: A mere 10 minutes away from the
pristine Melbourne Beach, ensuring an ever-present influx of both
locals and tourists.
•
Connectivity: Located just 20 minutes north of Melbourne Airport, this
property provides exceptional accessibility for businesses with
regional and national connections.
•
Ample Parking: With 16 dedicated parking spaces, visitors and staff
will enjoy the convenience of hassle-free parking, a premium feature
in such a prime location.
There are currently 5 spaces. 4 of the 5 spaces are leased. There is one 700 sf space available for lease at $19.28/sf
Proximity to Melbourne Beach: A mere 10 minutes away from the
pristine Melbourne Beach, ensuring an ever-present influx of both
locals and tourists.
•
Connectivity: Located just 20 minutes north of Melbourne Airport, this
property provides exceptional accessibility for businesses with
regional and national connections.
•
Ample Parking: With 16 dedicated parking spaces, visitors and staff
will enjoy the convenience of hassle-free parking, a premium feature
in such a prime location.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,683 SF
Building Class
C
Year Built
1958
Price
$950,600 CAD
Price Per SF
$258.10 CAD
Percent Leased
51%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
0.30 AC
Zoning
RP - Properties zoned RP could be utilized for various purposes, such as professional offices, healthcare facilities, and sometimes, and residential.
Amenities
- 24 Hour Access
Property Taxes
| Parcel Number | 27-37-19-78-0000C.0-0006.00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $536,566 CAD |
Property Taxes
Parcel Number
27-37-19-78-0000C.0-0006.00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$536,566 CAD
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