105-125 S Miramar Ave - Retail FOR SALE


Indialantic, FL 32903
$2,375,000 USD
407-620-2416
105-125 S Miramar Ave, Indialantic, FL for Sale
$2,375,000 USD
Retail - FOR SALE
1/5
null | Request Cap Rate

105-125 S Miramar Ave
Indialantic, FL 32903


HIGHLIGHTS

  • Situated in a Booming Market- Multiple Recent Redevelopments Surrounding the Property and 10% Population Increase Projected Over the Next 5-years
  • Affluent Market- Median Household Income is $102,000 Within a 1-Mile Radius
  • Irreplaceable Real Estate- Rare Opportunity to Acquire a Commercial Asset Just Steps From the Beach
  • Multiple use Cases- 2nd Story Residential Unit Along With Six Suites Of Retail On The First Floor
  • Well positioned For an Owner-User to get Creative and Put Their own Concept Here Given the Month-To-Month Lease Structure and Unique Location

OVERVIEW

Marcus & Millichap is pleased to present 105–125 South Miramar Avenue, an exceptional owner-user opportunity located in the heart of Indialantic, Florida. Positioned along the iconic A1A corridor and just steps from the beach, this property represents truly irreplaceable coastal real estate within a thriving and affluent market. The two-story building offers 5,723 square feet of base area, comprised of six ground-floor retail suites and a second floor residential unit, along with an additional 538 square feet of porch space. Currently operated on month-to-month leases, the property provides an owner-user the rare flexibility to occupy immediately or introduce their own concept, while capitalizing on the property’s unique location. Indialantic is experiencing strong growth, with a 10% population increase projected over the next five years and multiple nearby redevelopments fueling demand. The immediate trade area is highly affluent, boasting a median household income of $102,000 within one mile. This offering presents a unique chance to acquire a versatile mixed-use property with both retail and residential potential, ideally suited for an owner-user looking to create value in one of Brevard County’s most desirable beachside markets.

FOR SALE DETAILS

PRICE

$2,375,000 USD

PRICE/SF

$415 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Miramar Plaza

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,179 SF

ZONING

C2

APN/PARCEL ID

27-38-31-EO-00038.0-0004.00

ASK ABOUT THIS PROPERTY

Salim ValianiMarcus & MillichapMore Info
407-620-2416

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Salim ValianiMarcus & MillichapMore Info
407-620-2416

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.