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1592 Jimmy Buffet Mem Hwy 5,600 SF 100% Leased Office Building Satellite Beach, FL 32937 $1,600,000 ($285.71/SF)
Investment Highlights
- Upstairs Direct Ocean Views
- Instant income producing
- All units are tenant occupied
Executive Summary
Positioned along highly desirable Hwy A1A, this fully occupied mixed-use property presents a rare opportunity to acquire an income-producing asset in one of the Space Coast's most sought-after coastal corridors. The building features three commercial units on the ground floor and three residential apartments above, offering a balanced blend of retail and residential income streams. All units are currently leased, allowing a new owner to step into immediate cash flow with established tenants already in place. The commercial level is well-equipped with three ADA-compliant bathrooms, while the upper-level apartments have been thoughtfully updated with modern appliances and offer comfortable, well-maintained living spaces. Recent improvements include fresh interior paint throughout and updated ceiling tiles, enhancing both appearance and functionality. Upstairs, residents enjoy unobstructed ocean views--an exceptional feature that elevates desirability and long-term value.
With its prime location, strong rental demand, and turnkey income, this property offers a unique combination of stability, upside potential, and coastal lifestyle appeal.
An outstanding opportunity for investors seeking immediate returns in a high-visibility, high-demand area.
Contact Listing agent for more information about current occupants' leases and for OM. Also listed in MLS number 1074203
With its prime location, strong rental demand, and turnkey income, this property offers a unique combination of stability, upside potential, and coastal lifestyle appeal.
An outstanding opportunity for investors seeking immediate returns in a high-visibility, high-demand area.
Contact Listing agent for more information about current occupants' leases and for OM. Also listed in MLS number 1074203
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
5,600 SF
Building Class
C
Year Built
1973
Price
$1,600,000
Price Per SF
$285.71
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,800 SF
Building FAR
0.31
Lot Size
0.41 AC
Zoning
C - Mixed use residential (upstairs) and commercial (main floor)
Parking
21 Spaces (3.75 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 27-37-01-00-00278.0-0000.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $980,920 |
Property Taxes
Parcel Number
27-37-01-00-00278.0-0000.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$980,920
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1592 Jimmy Buffet Mem Hwy
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