Mixed-Use Building with
For Sale
Contact for pricing
Pending
1401 S Washington Avenue, Titusville, FL 32780
Commercial multi-use zoning accompanies a separate-entry, one-bedroom apartment on the upper floor.
Property Size4,184 SF
Days on Market903
Property Features for 1401 S Washington Avenue
General Information
Standard status
Pending
Size
4,184 SF
Property subtype
Business
Building Details
Year Built
1942
Listing Agency:
The Property Place
(321) 268-0868
Listed By:
Irene Winckel · License #395691
(321) 537-0894
Source:
Mccoyfreeman
Added: May 15, 2024
Changed: Oct 29
Last Checked: Oct 29 at 2:39PM
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 The Property Place
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Investment Insights
Based on property information with market context.
This 4,184-square-foot mixed-use property was built in 1942 and has commercial multi-use zoning. An upstairs apartment offers one bedroom and one bathroom, with its own separate entrance. The combination of commercial space and a distinct residential unit defines the building’s configuration.
Key Highlights
- 4,184‑square‑foot mixed‑use property
- Commercial multi‑use zoning
- Upper‑level apartment with 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,545
Suggested Prices Based on Cap Rates
Cap Rate 5%
$970,900
$970.9K
Cap Rate 7%
$693,500
$693.5K
Cap Rate 9%
$539,389
$539.4K
Market Conditions
NOI Build-Up for 4,184 SF
Gross rent
$85.4K $20.40/SF
− Vacancy
−$7.7K −$1.84/SF
EGI
$77.7K $18.56/SF
− OpEx
−$29.1K −$6.96/SF
NOI
$48.5K $11.60/SF
Area
Brevard County, FL
Vacancy
9.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$970,900
Cap Rate 7%
$693,500
Cap Rate 9%
$539,389
Alternative Uses
Best Use
Mixed Use
$693.5K
$606.8K – $809.1K
NOI $48,545 @ 7.0% cap · market cap 3,034.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$965.9K – $1.29M
NOI $77,270 @ 7.0% cap · market cap 4,829.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
373
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial multi-use zoning accompanies a separate-entry, one-bedroom apartment on the upper floor.
Where is this mixed-use property located?
The property is located at 1401 S Washington Avenue Titusville, FL.
What are key features of this property?
This property features: 4,184‑square‑foot mixed‑use property; Commercial multi‑use zoning; Upper‑level apartment with 1 bedroom and 1 bathroom
