Description for
4610 Babcock St NEPalm Bay, FL 32905
An excellent investment opportunity with growth potential on busy Babcock Street in Palm Bay, Florida. This 6,000 sq ft building is currently leased and Pinch-a-Penny has been in this same location for over 20 years. The 1.56 acre site offers ample space at the rear of the building for additional development or expansion. Based on the listed price the current lease generates an annual net operating income over $46,000, a CAP rate of nearly 8%.
Price
$585,000
Lot 32 Ex N 890 Ft And S 100 F
Brevard
6,000 (approx)
658126
Active
Description
An excellent investment opportunity with growth potential on busy Babcock Street in Palm Bay, Florida. This 6,000 sq ft building is currently leased and Pinch-a-Penny has been in this same location for over 20 years. The 1.56 acre site offers ample space at the rear of the building for additional development or expansion. Based on the listed price the current lease generates an annual net operating income over $46,000, a CAP rate of nearly 8%.
Listing Information
Property Type: Other
1.56 Acres
6,000 (approx)
1
Metal
Lot 32 Ex N 890 Ft And S 100 F
City
Electric
Neighborhood
Room Information
Interior Features
Vinyl
Exterior / Lot Features
Parking
Open Parking
Metal
Metal
545x125
HC
Level
Level
Driving Directions
West side of Babcock Street North of Palm Bay Road.
Financial Considerations
28372100000130000000
$10,097
2012
Listing Price History
Palm Bay Real Estate
Palm Bay is located in Florida.
Palm Bay, Florida 32905 has a population of
103,190.
The median household income in Palm Bay, Florida 32905 is
$42,443.
The median household income for the surrounding county is $48,718
compared to the national median of $50,935.
The median age of people living in Palm Bay 32905 is
39.8 years.
This information is gathered from public record data.
This information is gathered from public record data.
Sales History
Tax Info
Listing Provided Courtesy Of: National Realty of Brevard
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 Help-U-Sell are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Copyright 2011 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved.
Information is deemed reliable but is not guaranteed.
