About this property
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.
Property details
- Property Type
- Improved property
- Building Type
- Freestanding
- Building Size
- 8,745 sqft
- Land Size
- 0.97 acres
- Sewer
- City
- Water
- City
- Zoning
- Commercial
- Year Built
- 1986
- Cap Rate
- 8.4%
- Occupancy
- 100%
- Lease Type
- 795000
- Wickham Road
- Currently being widened
- High Visibility
- Wickham Location
- Net Operating Income
- $66,868
Location
- Address
-
1120 S. Wickham Road
West Melbourne, Florida 32904