Retail Suites with Restaurant
For Sale
Contact for pricing
5240 N Atlantic Avenue #190, Cocoa Beach, FL 32931
Two suites may be leased separately or together, with restaurant plans, air conditioning, and an in-ground grease trap in place.
Property Size20,300 SF
Price / SF$0.30
Days on Market235
Property Features for 5240 N Atlantic Avenue #190
General Information
Standard status
Active
Size
20,300 SF
Property subtype
Retail
Additional Details
Road Access
Yes
Amenities
20-ton A/C
in-ground grease trap
Building Details
Year Built
2008
Building Size
20,300 SF
Tenancy
Multi
Listing Agency:
Reach Commercial Real Estate
Listed By:
Cassandra Hartford · License #3296024
(321) 300-4773
Source:
Mccoyfreeman
Added: Mar 10
Changed: Oct 29
Last Checked: Oct 29 at 2:48PM
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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Investment Insights
Based on property information with market context.
Two retail suites are available in a 20,300 SF shopping center built in 2008. The spaces measure 2,000 SF and 1,500 SF and can be leased separately or combined for 3,500 SF. The center is fully leased aside from these suites. Retail and restaurant uses are permitted, and sealed restaurant plans are available. Existing improvements include a 20-ton A/C system and an in-ground grease trap.
The center has 330 feet of frontage on A1A, with reported daily traffic of 27,180 cars. It sits between Port Canaveral and Cocoa Beach’s tourist district, with Ron Jon Surf Shop one mile to the south. Parking is listed at 26.86 spaces per 1,000 SF, with additional parking behind the center.
The center has 330 feet of frontage on A1A, with reported daily traffic of 27,180 cars. It sits between Port Canaveral and Cocoa Beach’s tourist district, with Ron Jon Surf Shop one mile to the south. Parking is listed at 26.86 spaces per 1,000 SF, with additional parking behind the center.
Key Highlights
- Two suites: 2,000 SF and 1,500 SF; may be combined for 3,500 SF
- Retail and restaurant uses permitted; sealed restaurant plans available
- 20‑ton A/C system and in‑ground grease trap in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$264,706
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,294,120
$5.3M
Cap Rate 7%
$3,781,514
$3.8M
Cap Rate 9%
$2,941,178
$2.9M
Market Conditions
NOI Build-Up for 22,960 SF
Gross rent
$413.3K $18.00/SF
− Vacancy
−$35.1K −$1.53/SF
EGI
$378.2K $16.47/SF
− OpEx
−$113.4K −$4.94/SF
NOI
$264.7K $11.53/SF
Area
Brevard County, FL
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,294,120
Cap Rate 7%
$3,781,514
Cap Rate 9%
$2,941,178
Alternative Uses
Best Use
Retail
$3.78M
$3.31M – $4.41M
NOI $264,706 @ 7.0% cap · market cap 3,781.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.06M
$5.30M – $7.07M
NOI $424,025 @ 7.0% cap · market cap 6,057.50%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
532
Businesses Nearby
88k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 50%
Hotels & Casinos 18%
Dining 15%
Shops & Services 10%
Publix
Groceries
37,542 visits/mo
0.3 miles
Dunkin' Donuts
Dining
9,491 visits/mo
0.4 miles
Sunoco
Shops & Services
8,832 visits/mo
0.2 miles
Holiday Inn Express & Suites Cocoa Beach, an IHG Hotel
Hotels & Casinos
6,722 visits/mo
0.2 miles
ABC Fine Wine & Spirits
Groceries
6,128 visits/mo
0.5 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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Two suites may be leased separately or together, with restaurant plans, air conditioning, and an in-ground grease trap in place.
Where is this retail space located?
The property is located at 5240 N Atlantic Avenue #190 Cocoa Beach, FL.
What are key features of this property?
This property features: Two suites: 2,000 SF and 1,500 SF; may be combined for 3,500 SF; Retail and restaurant uses permitted; sealed restaurant plans available; 20‑ton A/C system and in‑ground grease trap in place
