King 12291231 St Cocoa, FL 32922
This exceptional commercial property in Cocoa, Florida, presents a unique investment opportunity encompassing three tax parcels (2424549, 2424542, and 2443422) totaling 0.51 acres. The property includes two buildings, offering flexibility for various uses. The rear building is currently under a five-year lease at $2,000 per month plus sales tax, providing immediate rental income. The front building is rented on a month-to-month basis, allowing for immediate occupancy by an owner-user or the negotiation of a new lease with the existing tenant. The property boasts a highly visible location, maximizing exposure for any business. A significant advantage is the inclusion of easement rights across parcel 2461749. The buildings' configuration presents a potential for redevelopment, with the possibility of creating four separate units, each featuring two bathrooms. This versatile property is ideal for investors seeking a strong return on investment or owner-occupants looking for a high-profile location. The asking price is $489,900. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.