Retail Building on Highway
2300 S Washington Avenue TITUSVILLE, Titusville, FL 32780
For Sale
$1,950,000
Retail building with US Highway 1 frontage, positioned near established retail and entertainment anchors.
Property Size11,854 SF
Price / SF$181.73
Days on Market135
Property Features for 2300 S Washington Avenue TITUSVILLE
General Information
Standard status
Size
Zoning
Taxes and HOA fees
Annual Taxes
Amenities
Concrete
true
1
Appraiser
Public
39204
0.9
false
Over 30 Spaces
Asphalt,Paved
Block
City Street,Highway,Interstate
11854
Public Maintained Road
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Herron Real Estate
Listed By:
Kashira Francis
(904) 569-5862
Source:
Movetojacksonville
Added: Jul 1
Changed: Nov 7
Last Checked: Oct 7 at 8:34AM
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 Herron Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This for-sale retail property offers a 10,730-square-foot building designed to be adapted for a new tenant or owner. The site includes US Highway 1 frontage on a parcel described as nearly 0.9 acres, providing a straightforward commercial presence for showroom, storefront, or similar retail uses.
The property is located directly on US Highway 1 and is noted as being one block from New Titus Landing. That nearby center includes anchor-style front stores and tenants such as Hobby Lobby, Chipotle, Fire House Subs, Tuesday Morning, and Bealls, along with Epic Theatres.
Given the direct highway exposure and the concentration of destination retail and entertainment in the immediate area, this space may fit a retailer looking for prominent visibility and convenient customer access in a developed commercial setting. The property is also described as suitable for supporting additional outparcel development in connection with the surrounding businesses.
The property is located directly on US Highway 1 and is noted as being one block from New Titus Landing. That nearby center includes anchor-style front stores and tenants such as Hobby Lobby, Chipotle, Fire House Subs, Tuesday Morning, and Bealls, along with Epic Theatres.
Given the direct highway exposure and the concentration of destination retail and entertainment in the immediate area, this space may fit a retailer looking for prominent visibility and convenient customer access in a developed commercial setting. The property is also described as suitable for supporting additional outparcel development in connection with the surrounding businesses.
Key Highlights
- 0.9‑acre retail site with direct US Hwy 1 frontage
- Single‑story building with 11,854 total building area and concrete flooring
- 1959 build with block foundation and asphalt/paved road surface
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$155,072
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,101,440
$3.1M
Cap Rate 7%
$2,215,314
$2.2M
Cap Rate 9%
$1,723,022
$1.7M
Market Conditions
NOI Build-Up for 10,730 SF
Gross rent
$238.2K $22.20/SF
− Vacancy
−$16.7K −$1.55/SF
EGI
$221.5K $20.65/SF
− OpEx
−$66.5K −$6.19/SF
NOI
$155.1K $14.45/SF
Area
Brevard County, FL
Vacancy
7.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,101,440
Cap Rate 7%
$2,215,314
Cap Rate 9%
$1,723,022
Alternative Uses
Best Use
Retail
$2.22M
$1.94M – $2.58M
NOI $155,072 @ 7.0% cap · market cap 7.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.13M
$2.74M – $3.65M
NOI $219,021 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
499
Businesses Nearby
Under-served
Demand for This Use
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
$250,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Brevard County, FL
Properties on Market for Storefront properties in Brevard County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - Retail building with US Highway 1 frontage, positioned near established retail and entertainment anchors.
Where is this storefront property located?
The property is located at 2300 S Washington Avenue TITUSVILLE Titusville, FL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 0.9‑acre retail site with direct US Hwy 1 frontage; Single‑story building with 11,854 total building area and concrete flooring; 1959 build with block foundation and asphalt/paved road surface
