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$720,000

  • Sold
  • Closed
  • Multi-Family
  • 1 Unit
  • 1 Acres
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Opportunity to purchase a single tenant stand-alone income producing restaurant! Tenant is a well known breakfast & lunch diner that boasts an impressive 4.5 star Google rating. Sale includes the 2,420 SF Restaurant + 772 SF Outdoor Patio = 3,192 SF Total. Most of the FF&E owned by Landlord. NNN Lease expires 1/1/28 with one 5-year option. Annual CPI escalators with 3% floor & 6% ceiling. Est. NOI is $54,000 (7.5% CAP). Improvements include piped gas line, grease trap, drive through window, and built-in walk-in cooler. New roof in 2019. 51 asphalt paved/striped parking spaces. Property is strategically located off of Palm Bay Road with est. 30,000 VPD. Close proximity to US1, Babcock Street & Interstate 95. Lots of daytime employers nearby. Call today for Details!

Full Property Details for 2162 Harris Ave NE

General

  • Sold For: $720,000
  • Taxes: (2022)
  • Status: Closed
  • Type: Multi-Family
  • Source: BrevardCounty
  • MLS ID: 968504
  • Added to Site: 1, 013 day(s) ago

Interior

  • Appliances: Dishwasher, Gas Range, Ice Maker, Microwave, Refrigerator
  • Flooring: Tile

Parking

  • Total Spaces: 51

Location

  • Area: 340 - NE Palm Bay
  • County: Brevard
  • Driving Directions: Starting on Babcock Street, turn east onto Palm Bay Road. Property will be located on the south side of Palm Bay Road, just east of Franklin Avenue.

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air

Utilities

  • Water: Public
  • Utility Description: Natural Gas Connected, Sewer Connected, Water Available

Structural Information

  • Exterior Const.: Block, Concrete, Frame, Wood Siding
  • Roof: Membrane
  • Year Built: 1978

Unit Information

  • Units in Building: 1

Lot Features

  • Lot Size (Acres): 1
  • Lot Size (Sq. Ft.): 43,560
  • Street/Road Desc.: Paved

Financial Considerations

  • Tax Year: 2022
  • Terms: Cash, Conventional, FHA
  • Owner Pays: Other

Disclosures and Reports

  • Special Conditions: Standard
  • Legal Description: PORT MALABAR INDUSTRIAL PARK SUBD LOTS 7 & 8 BLK 2 & THAT PART OF N 1/2 OF TRACT B LYING S OF LOTS 7 & 8 BLK 2
  • Property ID: 28-37-22-Fn-00002.0-0007.00

Listed by The Ullian Realty Corporation
Sold by The Ullian Realty Corporation

Listing agents

— 2162 Harris Ave NE —

  • The Ullian Realty Corporation

  • The Ullian Realty Corporation

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 2162 Harris Ave NE

School District:Brevard County School District
NameGradesDistance
Palm Bay Elementary School
1200 Alamanda Rd Ne, Palm Bay, FL 32905
PK-61.1 mi
Palm Bay Magnet Senior High School
101 Pirate Lane, Melbourne, FL 32901
9-121.2 mi
Stone Magnet Middle School
1101 East University Boulevard, Melbourne, FL 32901
7-82 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2162 Harris Ave NE

Date
Details
Price
Change
Source
11/21/2023
Sold
$720,000
—
MLS
8/14/2023
Price Reduced
$720,000
-6.49%
MLS
6/26/2023
Listed
$770,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by The Ullian Realty Corporation
Sold by The Ullian Realty Corporation

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2162 Harris Avenue NE, Palm Bay, FL 32905 (MLS# 968504) is a Multi-Family property that was sold at $720,000 on November 21, 2023. Want to learn more about 2162 Harris Avenue NE? Do you have questions about finding other Multi-Family real estate for sale in Palm Bay? You can browse all Palm Bay real estate or contact a Coldwell Banker agent to request more information.