1592 Jimmy Buffet Mem Hwy - Office/Residential FOR SALE


Satellite Beach, FL 32937
$1,600,000 USD
321-289-2790
1592 Jimmy Buffet Mem Hwy, Satellite Beach, FL for Sale
$1,600,000 USD
Office/Residential - FOR SALE
1/67
null | Request Cap Rate

1592 Jimmy Buffet Mem Hwy
Satellite Beach, FL 32937


HIGHLIGHTS

  • Upstairs Direct Ocean Views
  • All units are tenant occupied
  • Instant income producing

OVERVIEW

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

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$286 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

C

APN/PARCEL ID

27-37-01-00-00278.0-0000.00

ASK ABOUT THIS PROPERTY

Anna WoodPlatinum GroupMore Info
321-289-2790

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Anna WoodPlatinum GroupMore Info
321-289-2790

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