700 S John Rodes Blvd - Collect Income or Occupy in Future
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700 S John Rodes Blvd - Collect Income or Occupy in Future
2,688 SF Flex Condo Unit Offered at $550,000 in Melbourne, FL 32904
Investment Highlights
- Est. 1,151 SF Warehouse + 4,225 SF HVAC Office = 5,376 SF Total
- Term Expires 9/30/2025. Two 1-Year Tenant Renewal Options with 2% Annual Escalators
- Two 9' Wide x 10' Tall +/- Grade Level Doors
- LL Collects $6,300/month + FL Sales Tax
- Tenant Pays Interior Maintenance up to $1,500. Tenant Pays Utilities
- Seller to Consider Financing Subject to Contract Terms & Buyer Credit
Executive Summary
Located on John Rodes Boulevard which is a direct connector between New Haven Avenue, Ellis Road & Eau Gallie Boulevard. Three Interstate 95 interchanges nearby. Close proximity to the Melbourne International Airport, L3Harris, Northrop Grumman, and numerous employers. Call today for details!
Data Room Click Here to Access
Property Facts
1 Unit Available
Unit B7 & B8
| Unit Size | 2,688 SF | Sale Type | Investment or Owner User |
| Price | $550,000 | Cap Rate | 11.93% |
| Price Per SF | $204.61 | NOI | $65,600 |
| Condo Use | Flex | No. Parking Spaces | 6 |
| Unit Size | 2,688 SF |
| Price | $550,000 |
| Price Per SF | $204.61 |
| Condo Use | Flex |
| Sale Type | Investment or Owner User |
| Cap Rate | 11.93% |
| NOI | $65,600 |
| No. Parking Spaces | 6 |
Sale Notes
- Est. 1,151 SF Warehouse + 4,225 SF HVAC Office = 5,376 SF Total.
- 2,688 SF Footprint + Upstairs 2,688 SF = 5,376 SF Total.
- Interior: Reception, 6 Offices, Conference Room, Bullpen, Break Room.
- Two 9' Wide x 10' Tall +/- Grade Level Doors.
- LL Collects $6,300/month + FL Sales Tax.
- Term Expires 9/30/25. Two 1-Year Tenant Renewal Options with 2% Annual Escalators.
- Tenant Pays Interior Maintenance up to $1,500. Tenant Pays Utilities.
- LL Pays Association Dues (est. $322/month) and Property Taxes.
- City Water/Sewer, 1-Phase FPL Electric (3-Phase Nearby).
- 6 Paved/Striped/Lighted Asphalt Parking Spaces.
- Est. 2024 Monthly Association Dues are $161 Per Unit = $322 Total.
- M-1 Zoning: Light Assembly/Manufacturing, Office, Warehouse & More!
Seller will Consider Financing Subject to Contract Terms & Buyer Credit.
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Amenities
- 24 Hour Access
- Reception
- Storage Space
- Air Conditioning
Utilities
- Water - City
- Sewer - City
zoning
| Zoning Code | M1 (City of Melbourne Light Industrial M-1: Light Assembly, Light Manufacturing, Office, Warehouse & More!) |
| M1 (City of Melbourne Light Industrial M-1: Light Assembly, Light Manufacturing, Office, Warehouse & More!) |
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700 S John Rodes Blvd - Collect Income or Occupy in Future
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