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    Retail Property Near A1A Title is generated by Realmo AI

    105 Cleveland Ave, Cocoa Beach, FL 32931

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    Multi-tenant retail property near A1A in Cocoa Beach, Florida.

    Type:Retail
    Property size:
    6,840 SF
    Price / SF:
    $175/SF
    Added:
    Feb 11, 2026
    Days on Market:
    139
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 105 Cleveland Ave

    General Information

    Standard status
    Active
    Size
    6,840 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1965

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    Alex Goodale
    Alex Goodale

    Listing office Marcus & Millichap - Orlando

    Listing date Feb 11, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Orlando

    HighLights

    • Value‑add investment opportunity with 4,400 sq ft of vacant space for owner‑user or lease‑up.
    • Located one building east of A1A in Cocoa Beach, Florida.
    • Strong population growth projected (15% over 5 years) in the Space Coast area.
    • Below market price at approximately $175 per square foot.
    • Existing tenant occupies 2,440 sq ft providing immediate income.
    • High median household income of $70,162 within a one‑mile radius.

    Overview

    This multi-tenant retail property is located just one building east of the World Famous A1A in Cocoa Beach, Florida. The property offers a compelling owner-user or value-add investment opportunity. It features approximately 4,400 square feet of vacant space, suitable for an owner to occupy while generating income from the in-place tenant. The vacant space benefits from two separate entry doors, providing flexibility to subdivide into multiple suites and maximize leasing potential. The property was fully renovated in 2006 and has one tenant currently occupying 2,440 square feet. The property is located directly in the path of growth along the Space Coast, with projected 15% population growth over the next five years and 8,493 residents within a one-mile radius, supported by a strong median household income of $70,162. The total property size is 6,840 square feet.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $123.1k $18.00
    − Vacancy −$10.5k −$1.53
    EGI $112.7k $16.47
    − OpEx −$33.8k −$4.94
    NOI $78.9k $11.53
    6,840 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.13M
    $985.7K – $1.31M (±1% cap)
    NOI $78,858 @ 7.0% cap · market cap 6.57%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.80M
    $1.58M – $2.11M (±1% cap)
    NOI $126,321 @ 7.0% cap · market cap 10.53%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cocoa Beach
    County
    Brevard
    State
    Florida
    Longitude
    -80.6049171
    Latitude
    28.3752834

    FAQs

    What type of property is this?
    Retail space - Multi-tenant retail property near A1A in Cocoa Beach, Florida.
    Where is this retail space located?
    The property is located at 105 Cleveland Ave Cocoa Beach, FL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Value‑add investment opportunity with **4,400 sq ft of vacant space** for owner‑user or lease‑up.; Located one building east of A1A in Cocoa Beach, Florida.; Strong population growth projected (15% over 5 years) in the Space Coast area.
    (407) 620-2416 Call to check price and availability
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