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1280 S US Highway 1

3,398 SF Vacant Office Building Malabar, FL 32950 $1,300,000 ($383/SF) 9.28% Cap Rate

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Investment Highlights

+90ft of river frontage

Executive Summary

Prime location on US 1 in Malabar. This building features 3 units, large deck and 97ft of river frontage. Unit 1 is a large open office space with high ceilings, full kitchen, bath and laundry room. Unit 2 is large open area with 2 work stations, plus 2 private rooms, full bathroom. kitchen and dinette area. Unit 3 features a lobby, reception area, 2 private rooms and half bath. Units 2 and 3 are currently combined. Parking lot has 17 spaces. Owner financing available qualified buyer.

Property Facts

Sale Type

Investment or Owner User

Property Type

Office

Property Subtype

Office/Residential

Building Size

3,398 SF

Building Class

Year Built/Renovated

1948/2023

Price

$1,300,000

Price Per SF

$383

Cap Rate

9.28%

NOI

$120,700

Percent Leased

Vacant

Tenancy

Multiple

Building Height

1 Story

Typical Floor Size

3,398 SF

Building FAR

0.13

Land Acres

0.61 AC

Zoning

Mixed Use - Commercial - 1210 - MIXED USE - COMMERCIAL PROPERTY

Parking

17 Spaces (5 Spaces per 1,000 SF Leased)

Amenities

Security System
Skylights

Waterfront
Reception

Central Heating
Natural Light

Air Conditioning

Space Availability

1st Fl-Ste A
1,110 SF
Office/Medical
Full Build-Out
Now

So much is possible with almost 4000 SF and 97 ft. of river frontage. Bring your imagination and turn this place into your home. Brand new flat roof and resealed metal roof that is like brand new!!!

1st Fl-Ste B
1,139 SF
Office
Full Build-Out
Now

So much is possible with almost 4000 SF and 97 ft. of river frontage. Bring your imagination and turn this place into your home. Brand new flat roof and resealed metal roof that is like brand new!!!