Description
Exciting opportunity to own a unique income producing property and a piece of history in the booming Eau Gallie Arts District. Once the Amuse Theater and The Mathers Hotel from the early 1900s, this C3 zoned property is both commercial and mixed use. A great 1031 Exchange Opportunity. 100% occupied with stable leases. Proforma Net operating income (NOI) $159k a year (7.2% CAP). Busy and well established salon and medi spa on the 1st level and an 11 unit rooming house on the upper level, that would be a great Airbnb! All plumbing and electrical has been renewed. This fast growing area where you will find dozens of shops, art studios, eateries, bars, salons, events and more! Just 10 minutes to the Melbourne Airport, 50 min to the Orlando Airport, and 10 min to the Beaches, and Space center!
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0BEDS
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0.2ACRES
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0BATHS
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01/2 BATHS
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7,175SQFT
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$307$/SQFT
School Ratings & Info
Description
Exciting opportunity to own a unique income producing property and a piece of history in the booming Eau Gallie Arts District. Once the Amuse Theater and The Mathers Hotel from the early 1900s, this C3 zoned property is both commercial and mixed use. A great 1031 Exchange Opportunity. 100% occupied with stable leases. Proforma Net operating income (NOI) $159k a year (7.2% CAP). Busy and well established salon and medi spa on the 1st level and an 11 unit rooming house on the upper level, that would be a great Airbnb! All plumbing and electrical has been renewed. This fast growing area where you will find dozens of shops, art studios, eateries, bars, salons, events and more! Just 10 minutes to the Melbourne Airport, 50 min to the Orlando Airport, and 10 min to the Beaches, and Space center!
© 2023 Space Coast Association of REALTORS®, Inc. The data relating to real estate for sale or lease on this web site comes in part from the Brevard County Broker Reciprocity Database. Real estate listings held by brokerage firms other than Dale Sorensen Real Estate are marked with the IDX logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Dale Sorensen Real Estate.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2023-01-27T15:12:36.387.