Arlington Pines
$2,500,000
2000 Palm Bay Road Northeast, Palm Bay, FL 32905
17,760 SF
Square Feet
$141
PPSF
Property Description
Opportunity to acquire 21 retail and office condominium units within Arlington Pines, a three-building commercial plaza located at 2000–2040 Palm Bay Road NE in Palm Bay, Florida.
The offering totals approximately 17,760 square feet and consists of 21 of the plaza’s 24 total units. Typical units are approximately 740 square feet, with several suites shown as combined units on the site plan. The property offers concrete block construction, 100% central air conditioning, prominent monument and façade signage, approximately 290 feet of Palm Bay Road frontage, and parking directly in front of the storefronts.
Property Details
Asset Type
Retail
Year Built
1978
Acres
1.86
Neighborhood
Palm Bay
Submarket
Palm Bay
ZIP
32905
Listing Type
sale
Offering Memorandum
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
-$142,215
Cash-on-Cash Return
-22.75%
Monthly Debt Service
$11,851
Annual Debt Service
$142,215
View on Map
Address
2000 Palm Bay Road Northeast
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Palm Bay Retail Market Snapshot
Boundary boundary · Retail · Sale
No investors found in this market.
