Mixed-Use Redevelopment
For Sale
$2,400,000
1801 S Orlando Avenue, Cocoa Beach, FL 32931
Existing church and annex building offered for redevelopment under BU-1 mixed-use zoning with conceptual residential and office condo uses.
Property Size6,409 SF
Lot Size0.83 Acres
Price / SF$374.47
Days on Market96
Property Features for 1801 S Orlando Avenue
General Information
Standard status
Active
Size
6,409 SF
Lot size
0.83 Acres
Property subtype
Mixed Use
Zoning
BU-1
Building Details
Year Built
1960
Listing Agency:
The Marcelle Group
(321) 258-5916
Listed By:
Chris Marcelle
(321) 258-5916
Source:
Xome
Added: Apr 26
Changed: Jul 10
Last Checked: Jul 16 at 6:39AM
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 Marcelle Group
Investment Insights
Based on property information with market context.
The property is currently improved with a church at 1801 S Orlando Avenue and an annex building at 1811 S Orlando Avenue, presented as a mixed-use redevelopment opportunity. The offering is positioned for owners looking to convert an existing religious facility into a planned, multi-use concept. Conceptual plans referenced with the property include luxury residential townhomes, commercial office condos, and associated on-site parking and landscaped stormwater retention.
Located in coastal Brevard County, the site benefits from BU-1 zoning and the stated mixed-use flexibility under Section 62-21-06. This zoning framework is described as supporting mixed-use ownership concepts rather than a conventional rental product.
For developers, the key consideration is the fit between the existing structures and the redevelopment approach described in the conceptual planning. The combination of BU-1 zoning flexibility and the referenced program elements—residential townhomes alongside commercial office condo space—creates a framework for wellness-focused mixed-use, medical or professional condo-style occupancy, or other ownership-driven coastal concepts. The property may also be appealing for buyers seeking a boutique redevelopment footprint where the end use can be tailored to the flexible mixed-use zoning parameters cited with the offering.
Located in coastal Brevard County, the site benefits from BU-1 zoning and the stated mixed-use flexibility under Section 62-21-06. This zoning framework is described as supporting mixed-use ownership concepts rather than a conventional rental product.
For developers, the key consideration is the fit between the existing structures and the redevelopment approach described in the conceptual planning. The combination of BU-1 zoning flexibility and the referenced program elements—residential townhomes alongside commercial office condo space—creates a framework for wellness-focused mixed-use, medical or professional condo-style occupancy, or other ownership-driven coastal concepts. The property may also be appealing for buyers seeking a boutique redevelopment footprint where the end use can be tailored to the flexible mixed-use zoning parameters cited with the offering.
Key Highlights
- 0.83‑acre corner lot in coastal Brevard County with existing church building and annex building for redevelopment.
- BU‑1 zoning with mixed‑use flexibility referenced under Section 62‑21‑06.
- Year built listed as 1960 for the existing structures.
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 | $138.4k | $21.60 |
| − Vacancy | −$22.1k | −$3.46 |
| EGI | $116.3k | $18.14 |
| − OpEx | −$29.1k | −$4.54 |
| NOI | $87.2k | $13.61 |
6,409 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.25M
$1.09M – $1.45M
NOI $87,214 @ 7.0% cap · market cap 3.63%
Second Best
Mixed Use
$1.06M
$929.5K – $1.24M
NOI $74,360 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,361 @ 7.0% cap · market cap 4.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
Explore this area
Business Placement
Demographics for 32931, FL
13,643
Population
10,763
Households
1.3
Avg Household Size
60
Median Age
52%
College-Educated
97%
High-School Grad
5.2 sq mi
ZIP Area
2,624
Density / Sq Mi
$84,769
Median Household Income
$51,769
Median Earnings
$1,533
Median Rent
$478,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Church & religious facility - Existing church and annex building offered for redevelopment under BU-1 mixed-use zoning with conceptual residential and office condo uses.
Where is this church & religious facility located?
The property is located at 1801 S Orlando Avenue Cocoa Beach, FL.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 0.83‑acre corner lot in coastal Brevard County with existing church building and annex building for redevelopment.; BU‑1 zoning with mixed‑use flexibility referenced under Section 62‑21‑06.; Year built listed as 1960 for the existing structures.
