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!
Sold for $720,000
$720,000
2162 Harris Ave NE, Palm Bay, FL 32905
--beds
--baths
2,420sqft
Multi Family
Built in 1978
-- sqft lot
$716,700 Zestimate®
$298/sqft
$1,691 Estimated rent
Home value
$716,700
$573,000 - $917,000
$1,691/mo
Zestimate® history
Owner options
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$4,937/mo
Est. payment
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Est. payment
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New roof
Zillow last checked:
Listing updated:
Listed by:
Zachary Michael Ullian 321-750-3439,
The Ullian Realty Corporation
Bought with:
Zachary Michael Ullian, 3445627
The Ullian Realty Corporation
Source: Space Coast AOR,MLS#: 968504
Facts & features
Interior
Cooling
- Central Air
Appliances
- Included: Dishwasher, Gas Range, Ice Maker, Microwave, Refrigerator
Features
- Flooring: Tile
- Has fireplace: No
Interior area
- Total structure area: 2,420
- Total interior livable area: 2,420 sqft
Property
Parking
- Total spaces: 51
Features
- Levels: One
- Pool features: None
Lot
- Size: 1 Acres
Details
- Additional parcels included: 2831184
- Parcel number: 283722Fn00002.00007.00
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Block, Brick, Concrete, Frame, Wood Siding
- Roof: Membrane
Condition
- Year built: 1978
Utilities & green energy
- Water: Public
- Utilities for property: Natural Gas Connected, Sewer Connected, Water Available
Community & HOA
HOA
- Has HOA: No
Location
- Region: Palm Bay
Financial & listing details
- Price per square foot: $298/sqft
- Date on market: 6/26/2023
- Listing terms: Cash,Conventional,FHA
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 11/21/2023 | Sold | $720,000$298/sqft |
Source: Space Coast AOR #968504 Report a problem | ||
| 9/1/2023 | Contingent | $720,000$298/sqft |
Source: Space Coast AOR #968504 Report a problem | ||
| 8/14/2023 | Price change | $720,000-6.5%$298/sqft |
Source: Space Coast AOR #968504 Report a problem | ||
| 6/26/2023 | Listed for sale | $770,000$318/sqft |
Source: Space Coast AOR #968504 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 32905
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Nearby schools
GreatSchools rating
- 7/10Palm Bay Elementary SchoolGrades: PK-6Distance: 1.1 mi
- 2/10Palm Bay Magnet Senior High SchoolGrades: PK,8-12Distance: 1.3 mi
- 3/10Stone Magnet Middle SchoolGrades: 7-8Distance: 2 mi
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$716,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$716,700
- Florida
- Brevard County
- Palm Bay
- 32905
- 2162 Harris Ave NE
