2162 Harris Ave NE

Palm Bay, FL 32905

$720,000
Last Sold Price
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Beds
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Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
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per Sq. Ft.
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Closed 11/21/23
Closed 11/21/23
a view of a car park in front of a house
unknown
a kitchen with a refrigerator and a stove
a room with gym equipment and a large window
a room with lots of chairs and mirrors
a kitchen with a stove and a refrigerator
a view of a chairs and table in a patio
a kitchen with a sink stainless steel appliances granite countertop a stove and a refrigerator
a bathroom with a toilet and shower
a view of a house with backyard and sitting area

Description

Opportunity to purchase a single tenant stand-alone income producing restaurant! Tenant is a well known breakfast & lunch diner that boasts an impressive 4.5 star Google rating. Sale includes the 2,420 SF Restaurant + 772 SF Outdoor Patio = 3,192 SF Total. Most of the FF&E owned by Landlord. NNN Lease expires 1/1/28 with one 5-year option. Annual CPI escalators with 3% floor & 6% ceiling. Est. NOI is $54,000 (7.5% CAP). Improvements include piped gas line, grease trap, drive through window, and built-in...Opportunity to purchase a single tenant stand-alone income producing restaurant! Tenant is a well known breakfast & lunch diner that boasts an impressive 4.5 star Google rating. Sale includes the 2,420 SF Restaurant + 772 SF Outdoor Patio = 3,192 SF Total. Most of the FF&E owned by Landlord. NNN Lease expires 1/1/28 with one 5-year option. Annual CPI escalators with 3% floor & 6% ceiling. Est. NOI is $54,000 (7.5% CAP). Improvements include piped gas line, grease trap, drive through window, and built-in walk-in cooler. New roof in 2019. 51 asphalt paved/striped parking spaces. Property is strategically located off of Palm Bay Road with est. 30,000 VPD. Close proximity to US1, Babcock Street & Interstate 95. Lots of daytime employers nearby. Call today for Details!
  1. Listed by Zachary Michael Ullian • The Ullian Realty Corporation
  2. Listed by Michael S. Ullian • The Ullian Realty Corporation

Property Details for 2162 Harris Avenue Northeast

Directions
Starting on Babcock Street, turn east onto Palm Bay Road. Property will be located on the south side of Palm Bay Road, just east of Franklin Avenue.
LISTING UPDATED: 11/21/2023 02:32 PM

Property Details for 2162 Harris Avenue Northeast

StatusClosed
MLS #968504
Days on Market67
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1978
Lot Size1.00 AC / 43,560 SF
CountyBrevard County
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Location

Listing Courtesy of The Ullian Realty Corporation, Zachary Michael Ullian; The Ullian Realty Corporation, Michael S. Ullian

Sold By The Ullian Realty Corporation, Zachary Michael Ullian

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Building Information for 2162 Harris Avenue Northeast

Stories-Residences1Year Built1978Building Size-Lot Size1.00 AC / 43,560 SF

Payment Calculator

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$4,340 per month

30 year fixed, 6.46% Interest

Principal and Interest

$3,626

Property Taxes

$714

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 2162 Harris Avenue Northeast

Summary
Location and General Information
  • City: Palm Bay
  • County: Brevard
  • Area: 340 - NE Palm Bay
  • Absolute Longitude: 80.607773
Taxes and HOA Information
  • Tax Year: 2022
Property
Lot Information
  • Year Built: 1978
  • Picture Count: 12
  • Document Count: 1
Property and Assessments
  • Docs on File: 1
  • Property Type: B
  • MLS Approved: Y
  • Prop Type: B
  • Use Code: 21 / RESTAURANT / CA
Utilities
  • Utilities: City Water, Natural Gas Connected, Sewer Connected
Interior and Exterior Features
Exterior Features
  • Roof: Membrane
Interior Features
  • Cooling: Central Air
Agent
Sale and Listing
  • Cumulative DOM: 67
  • Days On Market: 67
  • Possession: Closing, Subject to Lease
Rental
Rent Information
  • Rent Includes: Other

Property History for 2162 Harris Avenue Northeast

DateEvent & SourcePriceAppreciation
Nov 21, 2023

Sold

SCMLS #968504

$720,000—
Sep 1, 2023

Pending

SCMLS #968504

—
Sep 1, 2023

In Contract

SCMLS #968504

—
DateEvent & SourcePrice
11/21/2023

Sold

SCMLS #968504

$720,000
09/01/2023

Pending

SCMLS #968504

—
09/01/2023

In Contract

SCMLS #968504

—

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2162 Harris Avenue Northeast

Taxable ValueLand$198,000Additions$276,090Total$474,090
Tax Record2025$8,565 ($714 / month)
Home Facts
Total Finished SqFt3,192 SqFtAbove Grade Finished SqFt3,192 SqFtStories1Lot Size36,155 SqFtStyleRestaurantYear Built1978Year Renovated1995ZoningCCCountyBREVARDAPN28-37-22-FN-00002.0-0007.00

Schools near 2162 Harris Avenue Northeast

This home is within Brevard Public Schools.
Rating
School
Type
Grades
Distance
Palm Bay Elementary School
Public - PK to 6
Stone Magnet Middle School
Public - 7 to 8
Palm Bay Magnet Senior High School
Public - 8 to 12
Palm Bay Academy Charter School
Charter - K to 8
Rating
School
Distance
Palm Bay Elementary School
PublicPK to 6

Stone Magnet Middle School
Public7 to 8

Palm Bay Magnet Senior High School
Public8 to 12

Palm Bay Academy Charter School
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Ullian Realty Corporation, Zachary Michael Ullian; The Ullian Realty Corporation, Michael S. Ullian

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 11/21/2023 02:32 PM