422 Martin RdPalm Bay, FL 32909

Property Details for 422 Martin Rd

Year built

2009

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.58 AC

Property size (Sq ft)

5,766 SF

Property type

Office properties

Property subtype

Office buildings

APN

29-37-03-26-01990.0-0035.00

APU

9223372036854775807

Description

This exceptional 4,680 sq ft mixed-use property in Palm Bay, Florida, is offered at $1,225,000. Situated on a spacious 25,264.8 sq ft lot, this single-story, 2009-built building is zoned 'General Commercial,' allowing for diverse uses. Currently configured as an adult day care facility with medical overtones, the property features a well-designed concrete block structure with a metal roof, high ceilings, ceramic flooring, multiple community rooms, offices, two commercial kitchens, ample bathrooms, laundry facilities, and pantries. Additional amenities include a covered wrap-around porch, screened porch, portico, sprinkler system, 20 parking spaces, and perimeter fencing. Its strategic location near I-95, Palm Bay Hospital, and major roadways offers excellent visibility and accessibility. The business currently operating on the premises is excluded from the sale but may be negotiated separately. Owner financing is considered. Exposure and signage are available on Babcock Street. Detailed zoning information, floor plans, and maps are available. This property presents a unique opportunity for various medical facilities, clinics, laboratories, or research and development businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $1,584,729

  6.5%

  $1,462,826

  7%

  $1,358,339

• Comparable approach

  Method

  Valuation

  Relative Method

  $905,435

  Geo Method

  $905,435

• Alternative Use

  Use

  Valuation

  Residential

  $1,813,905

  Hospitality

  $1,661,527

  Educational

  $1,382,371

  Medical

  $1,429,913

  Retail

  $2,150,355

Location Insight

City

Palm Bay

County

Brevard

State

Florida

Latitude

27.9903

Longitude

-80.6213

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].