1256 S Highway 1, Malabar, FL 32950 (MLS# 851489)


$360,000
1256 S Highway 1
Malabar, FL 32950
MLS# 851489
3899 sqft


1256 S Highway 1, Malabar, FL 32950
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Property Description
ANOTHER PRICE REDUCTION MOTIVATED SELLER BRING ALL OFFERS, The potential is endless on this multifamily unit, currently zoned limited commercial with 5 income producing units, build up to 9 units on this amazing 2.25 acre lot right in front on Indian River. Route 1 motor sport just built a brand new store almost right next to it and many other residential and commercial development are projected for this area, Melbourne Beach just 10 min away, Palm Bay marina 5 min away, Palm Bay hospital 5 min away, Sebastian Inlet 20 min away,

Details
Maps
Address Information
Tax Acct: 2850952
Tax ID: 28-38-31-00-00259.0-0000.00
Street #: 1256
Street Dir: S
Street Name: Highway 1
State/Province: FL
Area: 342 - Malabar/Grant-Valkaria
Res Sub-Type: Multi Family
Listing Information
List Price: $360,000
Current Price: $360,000
Listing Date: 2019-07-25
County: Brevard
Zip Code: 32950
Year Built: 1916
# of Units: 5
Clear Ceiling Height: 4799
Acreage: 2.23
Tax & Legal
Property Use: C-MULTIPLE LIVING UNITS - 5 TO 9 UNITS (NOT ATTACHED) (0859)
Use Code: 08 / MULTI-FAMILY LESS THAN 10
Tax Year: 2018
Real Estate Taxes: 5263.99
Legal Desc: PART OF SE 1/4 OF NW 1/4 E OF RR AS DES IN DB 77 PG 80 EX DB 167 PG 595, G L 2 & RD R/W
Status Change Info
Status: Active
Property Features
Flooring: Tile; Wood
Cooling: Electric; Wall-Win A/C
Heating: Central; Electric
Fire Protection: None
Special Info: None
Utilities: Septic; Septic; Well Water
Roof: Metal
Current Lease: Month to Month
Tenant Pays: None
Possession: At Closing

Listing Office: RE/MAX Elite

Last Updated: November - 18 - 2019

1256 S Highway 1, Malabar, FL 32950 - MLS# 851489

Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Brevard County, Florida. Real estate listings held by brokerage firms other than the website owner are marked with detailed information about them including the name of the listing broker. Copyright Space Coast Association of REALTORS, Inc. All rights reserved.”

Sunday 15th of December 2019 12:34 PM