1608 S Apollo Blvd - Medical FOR SALE


Melbourne, FL 32901- Downtown Melbourne
$1,390,000 USD
321-631-0511
1608 S Apollo Blvd, Melbourne, FL for Sale
$1,390,000 USD
Medical - FOR SALE
1/29
null | Request Cap Rate

1608 S Apollo Blvd
Melbourne, FL 32901
Downtown Melbourne


HIGHLIGHTS

  • Medical Building for sale with 0.8 acres of land. adjacent 0.4 acres of land also included in sale.
  • Building can be split into multiple businesses. 3 Entrances.

OVERVIEW

An excellent investment opportunity awaits with this 3,500 sq.ft. medical building built in 2011, strategically located near Holmes Regional Medical Center. The property includes an adjacent 0.40-acre lot, providing significant development potential. The existing building features a well-designed interior with 5 exam rooms, 3 bathrooms, 3 offices, a lunchroom, triage area, 2 reception offices, a spacious lobby, and quality finishes including solid wood doors, plantation shutters, granite countertops, and high-end cabinetry. The property also offers practical amenities such as 3 exit doors, 4 storage rooms, 20 parking spaces, and 2 retention ponds. An engineered site plan demonstrating the feasibility of a second building and expanded parking on the adjacent lot is available for review. 1616 & 1608 S. Apollo Blvd. are sold together. Drive-by viewing is fine, but please do not disturb as Seller is still operating the medical practice. Showing times will be scheduled after 5pm M-F, and any time on weekends.

FOR SALE DETAILS

PRICE

$1,390,000 USD

PRICE/SF

$397 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

C-1A City of Melbourne

APN/PARCEL ID

28-37-03-29-00000.0-0003.00

ASK ABOUT THIS PROPERTY

Nicholas RahalRahal Real Estate, LLCMore Info
321-631-0511

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Nicholas RahalRahal Real Estate, LLCMore Info
321-631-0511

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