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 0.70 acres.
Property Size6,165 SF
Lot Size0.70 Acres
Price / SF$291.97
Days on Market204
Property Features for 3405 S Washington Avenue
General Information
Standard status
Active
Size
6,165 SF
Lot size
0.70 Acres
Listing Agency:
Noble & Co. R.E. Professionals
Listed By:
Courtney R Noble · License #3135692
(321) 607-1311
Source:
Startbrevardsearch
Added: Mar 26
Changed: Oct 3
Last Checked: Oct 14 at 10:28PM
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 features over 6,000 square feet of offices, showroom space, a mezzanine, and warehouse area within a solid two-story building. Situated on 0.70 acres, the property is located directly on US1 and the Indian River. It includes a well-maintained private dock, boat lift, and a newer sea wall. The property 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 features a mechanical room, updated HVAC systems, a wiring closet, and upgraded electrical systems.
Key Highlights
- Waterfront commercial property on the Indian River with private dock and boat lift.
- Large building with over 6,000 sq ft of offices, showroom, mezzanine, and warehouse space.**
- Located directly on US1 with high visibility.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,893
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,677,860
$1.7M
Cap Rate 7%
$1,198,471
$1.2M
Cap Rate 9%
$932,144
$932.1K
Market Conditions
NOI Build-Up for 6,165 SF
Gross rent
$133.2K $21.60/SF
− Vacancy
−$21.3K −$3.46/SF
EGI
$111.9K $18.14/SF
− OpEx
−$28.0K −$4.54/SF
NOI
$83.9K $13.61/SF
Area
Brevard County, FL
Vacancy
16.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,677,860
Cap Rate 7%
$1,198,471
Cap Rate 9%
$932,144
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.
How Realmo checks its estimates
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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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 0.70 acres.
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 sq ft of offices, showroom, mezzanine, and warehouse space.**; Located directly on US1 with high visibility.
