100% Occupied Office/Retail Building

  SOLD January 2013 for $750,000

1120 S. Wickham Road, West Melbourne, Florida 32904


Building Size8,745 Square Feet
Land Size0.97 Acres
ZoningCommercial
Year Built1986
SewerCity
WaterCity
Occupancy100%
Wickham RoadCurrently being widened
Net Operating Income$66,868
Cap Rate8.4%
High VisibilityWickham Location

This property is split into five office/retail units which are all fully occupied.  The building was built in 1986 and is concrete block with storefront windows.  There is parking in front and back of the building.  The current tenant’s include a pawn shop, clock repair, real estate, accountant and vacuum sales/service.  The section of Wickham Road from Ellis to New Haven is undergoing a widening that is scheduled to be completed in 2013 and will be a significant enhancement to property values in this area.  The building has undergone recent landscaping upgrades as well as the addition of architectural accents on the buildings façade.  The Net Income is currently $66,686 per year which is an 8.4% cap rate on the listing price.

The building is located on Wickham Rd., 150 ft south of Sheridan Road and 1 mile north of New Haven.


The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.


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