445 Pineda Ct
Melbourne, FL 32940
Motivated Seller - Make An Offer! · Office Property For Sale

This property offers approximately 20,336 square feet of rentable space on a two acre lot. 445 Pineda Court is strategically located in between U.S Highway-one and North Wickham Road. North Wickham Road is a major artery that travels throughout the city and connects to Interstate-95 and Florida State Road 518 (commonly known as Eau Gallie Boulevard), a major east-west highway. This medical office building is in the heart of Brevard county near major hospitals including Health First Viera Hospital, South Lake Hospital, Omni Healthcare General Hospital, and Health First’s Holmes Regional Medical Center, all within a twenty-minute commute from the subject property. 445 Pineda Court has been exceptionally maintained and provides professional curb appeal, high visibility signage opportunity, and ample parking. There are approximately 97 parking spaces, providing for a healthy parking ratio of 4.77 parking spaces per 1,000 square feet of rentable space. The interior has a combination of private offices and open floor space allowing for a wide range of uses and easy configuration. The property offers a vast number of offices and several larger rooms that can be set up and used as conference rooms for meetings. There are approximately eleven units, of which three were completed renovated and the remaining are in good conditions. 445 Pineda Court has multiple full bathrooms throughout the building. There is also a 2,000 square foot “Secure/Hurricane” room with vaulted doors, and concrete walls and roof. The property has five entrances, all handicap accessible, of which two main entrances have a reception area that allows for professional greetings. This medical office building was built in 1986 and has seen extensive renovations in the last two years including a brand-new roof (with a 20-year warranty), and a full paint job on both the interior and exterior portions of the building. There is lighting on and around the perimeter of the property, facilitating parking for visitors and employees. This medical office building is currently owner occupied and the seller is willing to do a five-year sale lease-back for 5,000 square feet of rentable space at market rents. This is a great opportunity for an investor to acquire a value-add investment by leasing up the vacant space at market level rents. In addition, 445 Pineda Court is an ideal owner/user investment opportunity for any investor looking to own both their real estate and operate his/her business out of the property, especially in a continuous growing, Melbourne market. This asset is extremely easy to manage given the convenience, and overall condition of the property. The property is zoned BU-2, within the Brevard County zoning district and allows for a variety of uses including retail, industrial, and wholesale commercial. This zoning allows for a maximum structural height of 60 feet and a floor area ratio of 1.00.