|Property Type||Retail, Mixed Use||Total Lot Size||7.14|
|Property Sub-type||Business||Zoning Description||BU-1|
|Listing ID: 19946975||Date Created: 06/28/2020|
|Price||$10,770,000||Lot Size||7.14 AC|
FL Retail Advisors is pleased to present for sale five condominium units totaling 48,452± square feet located in the Seaside Centre, a 79,984± square foot shopping center with a desirable mix of both retail, professional and destination-based tenants situated just steps from the Atlantic Ocean with direct frontage to the heavily trafficked North Highway A1A. The property features easy access and excellent visibility. Excellent signage coupled with a signalized intersection amplifies this exposure.
Included in this sale is tenant Raytheon Technologies (NYSE: RTX), which makes up approximately 50% of the Seaside Centre’s GLA occupying approximately 40,250 SF. Raytheon Technologies is an aerospace and defense company that provides advanced systems and services for commercial, military and government customers worldwide.
Indialantic is situated on the barrier island that separates the Indian River Lagoon from the Atlantic Ocean. This island, approximately 35 miles (56 km) in length, stretches south from Cape Canaveral to the Sebastian Inlet. The Melbourne Causeway connects Indialantic to Melbourne, Florida across the Indian River Lagoon. Indialantic is bordered on the south by the town of Melbourne Beach and on the north by unincorporated Brevard County. Located just a half-mile from the heart of Indialantic’s commercial district, known for boutique retail shops, financial institutions, and one-of-a-kind eateries. The average household income within one-mile of the subject is over $100,000, with per capita income of $50,184.
Brevard County, Orlando’s closest beach, also known as The Space Coast, is home to the John F. Kennedy Space Center, and frequently visited by many for its front row seats to the rocket launches.