1005 E Strawbridge Avenue

1005 E Strawbridge Ave Melbourne, FL 32901

1005 E Strawbridge Ave, Melbourne, FL, 32901
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FOR SALE
Property Type:
Other Hospitality
Amount:
$1,995,000
Last Verified:
Jan 02, 2024


Description

TBD

1005 E Strawbridge is located in the heart of Melbourne's Historic Downtown area, which widely regarded as the nucleus of the community. The building sits in the middle of the action. Spanning over 9,358 square feet on .61 acres. It presents a unique opportunity for a buyer to either renovate and repurpose the existing structure or redevelop it entirely to create a new Multi-Family property, 150 key Hotel or Office Building. With over 275 businesses in this one mile district, the area is a hub of activity. 
A mixed-use development would be the best and highest use of the property. Listed at $1,995,000, it's an excellent investment opportunity for anyone looking to expand their portfolio or establish a foothold in the Space Coast of Florida.


Year Built: 1955
Building Size: 9358sq ft
Lot Size: 0.61 acres

Map of 1005 E Strawbridge Ave, Melbourne, FL, 32901

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.