Restaurant Condo with
1980 N Atlantic Avenue 101 & 103, Cocoa Beach, FL 32931
For Sale
New
$235,000
The sale combines an operating restaurant concept with kitchen equipment, furnishings, and access to shared parking.
Property Size589 SF
Price / SF$398.98
Days on Market6
Property Features for 1980 N Atlantic Avenue 101 & 103
General Information
Standard status
Size
Space & Availability
Floor
Furnished
Restaurant
Commercial Hood
Grease Trap
Equipment Included
Additional Details
Business Included
Listing Agency:
Reach Commercial Real Estate
(321) 300-4773
Listed By:
Alexandra Kathleen Caimi
(321) 961-7381
Source:
Startbrevardsearch
Added: Nov 4
Last Checked: Nov 8 at 5:49AM
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 Reach Commercial Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The restaurant occupies a first-floor commercial condominium comprising units 101 and 103, with approximately 589 square feet. The offering includes the real estate, restaurant business, furniture, fixtures, and equipment. Installed items include a commercial hood system, sinks, freezer, refrigerators, and grease traps; a catering trailer is also part of the sale.
The property is at 1980 N Atlantic Avenue (A1A) in Cocoa Beach, within the Cape Royal Office Condo and steps from the beach. Shared parking is available. The HOA covers utilities, HVAC, and building maintenance.
The property is at 1980 N Atlantic Avenue (A1A) in Cocoa Beach, within the Cape Royal Office Condo and steps from the beach. Shared parking is available. The HOA covers utilities, HVAC, and building maintenance.
Key Highlights
- Approximately 589 SF across units 101 and 103 on the first floor
- Sale includes the restaurant business, real estate, furniture, fixtures, and equipment
- Kitchen equipment includes a commercial hood, sinks, freezer, refrigerators, and grease traps
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,845
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$156,900
$156.9K
Cap Rate 7%
$112,071
$112.1K
Cap Rate 9%
$87,167
$87.2K
Market Conditions
NOI Build-Up for 589 SF
Gross rent
$11.3K $19.20/SF
− Vacancy
−$848 −$1.44/SF
EGI
$10.5K $17.76/SF
− OpEx
−$2.6K −$4.44/SF
NOI
$7.8K $13.32/SF
Area
Brevard County, FL
Vacancy
7.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$156,900
Cap Rate 7%
$112,071
Cap Rate 9%
$87,167
Alternative Uses
Best Use
Specialty Retail
$112.1K
$98.1K – $130.8K
NOI $7,845 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$155.4K
$136.0K – $181.3K
NOI $10,878 @ 7.0% cap · market cap 4.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Commercial hood
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
534
Businesses Nearby
76k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 50%
Shops & Services 37%
Hotels & Casinos 10%
Dining 2%
Publix
Groceries
36,465 visits/mo
0.2 miles
Dollar Tree
Shops & Services
12,673 visits/mo
0.3 miles
7-Eleven
Shops & Services
10,897 visits/mo
0.5 miles
Hilton Garden Inn
Hotels & Casinos
6,354 visits/mo
0.2 miles
The UPS Store
Shops & Services
3,603 visits/mo
0.2 miles
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
$478,300
Median Home Value
Market
Average Price Trend$/SF for Conventional restaurants in Brevard County, FL
Properties on Market for Conventional restaurants in Brevard County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The sale combines an operating restaurant concept with kitchen equipment, furnishings, and access to shared parking.
Where is this conventional restaurant located?
The property is located at 1980 N Atlantic Avenue 101 & 103 Cocoa Beach, FL.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Approximately 589 SF across units 101 and 103 on the first floor; Sale includes the restaurant business, real estate, furniture, fixtures, and equipment; Kitchen equipment includes a commercial hood, sinks, freezer, refrigerators, and grease traps
