1370 Highway A1A | Satellite Beach, FL 32937
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- LoopNet Team
1370 Highway A1A
Satellite Beach, FL 32937
Beach Plaza | 7.47% Proforma CAP | Beach Side · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Value-Add: MTM leases throughout the plaza offer immediate potential for rental increases, maximizing investment returns. CoStar Market rent +$18PSF.
- Prime Location: Boasting 105 ft of frontage on Highway A1A, which parallels the scenic shoreline, this property enjoys high visibility with 31,000VPD.
- High Income Area: The average household income within 1 mile exceeds $124,000.
- Redevelopment Opportunity: Recently renovated in 2018, the property is primed for redevelopment with the potential to add a second story (apartments).
- Growing Market: Situated in a rapidly expanding area, CoStar reports year-over-year population growth of over 69,000 within a 5-mile radius.
- Additional Investment: An adjacent residential home is available for purchase, providing options for further expansion or additional units.
PROPERTY FACTS
Property Type
Building Size
6,676 SF
Building Class
C
Year Built
1964
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
0.48 AC
Zoning
C, Satellite Beach
Parking
40 Spaces (5.99 Spaces per 1,000 SF Leased)
Frontage
104’ on Highway A1A
PROPERTY TAXES
| Parcel Number | 26-37-35-83-00000.0-0004.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $807,050 |
PROPERTY TAXES
Parcel Number
26-37-35-83-00000.0-0004.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$807,050
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