Waterfront Mixed-Use Commercial
For Sale
$1,800,000
3405 S Washington Avenue, Titusville, FL 32780
Two-story building with offices, showroom, and warehouse on US1.
Property Size6,165 SF
Lot Size0.70 Acres
Price / SF$291.97
Days on Market750
Property Features for 3405 S Washington Avenue
General Information
Standard status
Active
Size
6,165 SF
Lot size
0.70 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
2010
Listing Agency:
Noble & Co. R.E. Professionals
(321) 607-1311
Listed By:
Courtney R Noble · License #3135692
(321) 607-1311
Source:
Exitrealty
Added: Jul 11, 2024
Changed: Jul 6
Last Checked: Jul 30 at 7:17AM
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 Noble & Co. R.E. Professionals
Investment Insights
Based on property information with market context.
This mixed-use commercial property offers over 6,000 square feet of space, including offices, a showroom, a mezzanine, and a warehouse, all within a solid two-story building. Situated on 0.70 acres directly on US1 and the Indian River, the property features a well-maintained private dock, boat lift, and newer sea wall. The site is partially fenced and includes an additional 0.3 +/- acres of cleared land, suitable for a second building expansion. Constructed with concrete block and metal, the building includes a mechanical room, updated HVAC systems, a wiring closet, and upgraded electrical systems. The property is located in Titusville, Florida.
Key Highlights
- Waterfront commercial property on the Indian River with private dock and boat lift.
- Large building with over 6,000 sf of offices, showroom, mezzanine, and warehouse space.
- Located directly on US1 with high visibility.
Financial Insights For Office B
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 | $133.2k | $21.60 |
| − Vacancy | −$21.3k | −$3.46 |
| EGI | $111.9k | $18.14 |
| − OpEx | −$28.0k | −$4.54 |
| NOI | $83.9k | $13.61 |
6,165 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $83,893 @ 7.0% cap · market cap 4.66%
Second Best
Mixed Use
$1.02M
$894.1K – $1.19M
NOI $71,529 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$1.63M
$1.42M – $1.90M
NOI $113,855 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
548
Businesses Nearby
Explore this area
Business Placement
Demographics for 32780, FL
39,525
Population
19,984
Households
2
Avg Household Size
48
Median Age
27%
College-Educated
92%
High-School Grad
68.1 sq mi
ZIP Area
580
Density / Sq Mi
$64,670
Median Household Income
$39,882
Median Earnings
$1,258
Median Rent
$250,800
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Brevard County, FL
Properties on Market for Mixed-use properties in Brevard County
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story building with offices, showroom, and warehouse on US1.
Where is this mixed-use property located?
The property is located at 3405 S Washington Avenue Titusville, FL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Waterfront commercial property on the Indian River with private dock and boat lift.; Large building with over 6,000 sf of offices, showroom, mezzanine, and warehouse space.; Located directly on US1 with high visibility.
