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    625 629 Cocoa, FL 32922

    For Sale
    $1,450,000

    High-Visibility Retail, Ample Parking

    Property size:
    3,978 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional 3,978 square foot retail property, located at 625 Brevard Avenue, Units 627 & 629 in Cocoa, Florida, presents a unique investment opportunity in the heart of Cocoa Village. Boasting prime frontage on Brevard Avenue, this space offers unparalleled visibility and accessibility. The property features attractive glass storefront offices ideal for showcasing merchandise or services, complemented by ample on-site parking for customers and employees. The layout includes a large front area, conveniently situated bathrooms, and substantial storage space in the rear. This versatile space is perfect for a variety of retail businesses seeking a high-traffic location within a thriving community. The 0.38-acre lot offers significant potential for future development. The site is already zoned for a range of uses, including office space, hotel, assisted living facility (ALF), and other possibilities, with entitlements already completed. Development plans have been explored, indicating potential for up to 77 ALF beds or 48 hotel units, in addition to condo apartments, showcasing the property's significant long-term growth potential. This is an exceptional opportunity to establish a business in a vibrant and growing area, or to capitalize on the significant future development possibilities. The asking price is $1,450,000.

    Property Features for 625 629

    General Information

    Property type
    Retail properties
    Square Feet
    3,978 SF
    Lot Size
    16,553 SF

    Building Details

    Year Built
    1951
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Map

    City
    Cocoa
    County
    Brevard
    State
    Florida
    Longitude
    -80.72646
    Latitude
    28.35165

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    FAQs

    What type of property is this?
    Retail property - High-Visibility Retail, Ample Parking
    Where is this retail property located?
    The property is located at 625 629 Cocoa, FL.
    What is the asking price?
    The asking price for this property is $1,450,000.
    (321) 450-5600
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    625 629 Cocoa, FL 32922
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    Cocoa, FL 32922
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    625 629 Cocoa, FL 32922
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