For Sale
$2,000,000

0 Florida A1AMelbourne Beach, FL 32951

High-traffic, 100% occupied, strong ROI.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional Class A gas station, located in Indialantic, Brevard County, Florida, presents a lucrative investment opportunity. Boasting 3,200 square feet on a 1.5-acre lot, this single-story building features eight gas pumps and ample parking for 24 vehicles. The property enjoys a prime beachfront location on Florida A1A, with over 174 feet of road frontage ensuring high visibility and traffic. Currently operating at 100% occupancy with a strong tenant history, this owner-user investment offers a substantial NOI of $225,370 and a compelling 11.27% cap rate. The asking price is $2,000,000, translating to $625 per square foot. The existing convenience store adds to the property's revenue streams. Zoned for existing use, this turnkey operation is ideal for an owner-operator seeking a profitable and established business in a high-growth area projected to experience a 12% increase in growth over the next three years. The property is exceptionally clean and fully functional, offering a seamless transition for the new owner. No jobbers are permitted.

Highlights

  • Class A gas station, 3,200 SF on 1.5 acres, Indialantic, FL.
  • High traffic count location on A1A with over 174 feet of road frontage.
  • Exceptionally clean and fully functional.
  • Currently operating at 100% occupancy with $225,370 NOI and 11.27% cap rate; $2,000,000 asking price ($625/SF).

Property Details for 0 Florida A1A

Property type
Retail properties, Gas stations
Square Feet
3,200 SF
Class
A
Buildings
1
Stories
1
Lot Size (sq. ft)
65,340 SF

Location Insight

City
Melbourne Beach
County
Brevard
State
Florida
Latitude
27.9651293
Longitude
-80.5075182
Florida A1A, Melbourne Beach, Florida

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0 Florida A1A
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