Restaurant Space with Built-In
For Sale
Contact for pricing
5240 N Atlantic Avenue #150, Cocoa Beach, FL 32931
A walk-in cooler and fixed kitchen improvements are already in place for restaurant operations.
Property Size22,960 SF
Price / SF$0.60
Days on Market70
Property Features for 5240 N Atlantic Avenue #150
General Information
Standard status
Active
Size
22,960 SF
Property subtype
Retail
Additional Details
Traffic Count
27,180 vehicles/day
Currently Operating
Yes
Building Details
Year Built
2008
Listing Agency:
Reach Commercial Real Estate
Listed By:
Cassandra Hartford · License #3296024
(321) 300-4773
Source:
Mccoyfreeman
Added: Aug 24
Changed: Oct 29
Last Checked: Oct 29 at 2:38PM
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
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.
The 4,100 SF restaurant space includes an existing kitchen, walk-in cooler and built-in improvements. Additional equipment may be purchased directly from the current operator. The space is scheduled to open September 1, 2026; while the restaurant remains in operation, showings are available before 11:00 AM.
Situated on A1A, the property records 27,180 cars per day and lies between Port Canaveral’s cruise terminals and the Cocoa Beach tourist strip. Parking is available at both the front and rear of the building.
Situated on A1A, the property records 27,180 cars per day and lies between Port Canaveral’s cruise terminals and the Cocoa Beach tourist strip. Parking is available at both the front and rear of the building.
Key Highlights
- 4,100 SF restaurant space with an existing kitchen and walk‑in cooler
- Built‑in improvements remain; additional equipment may be purchased from the current operator
- On A1A with 27,180 cars per day
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$305,827
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,116,540
$6.1M
Cap Rate 7%
$4,368,957
$4.4M
Cap Rate 9%
$3,398,078
$3.4M
Market Conditions
NOI Build-Up for 22,960 SF
Gross rent
$440.8K $19.20/SF
− Vacancy
−$33.1K −$1.44/SF
EGI
$407.8K $17.76/SF
− OpEx
−$101.9K −$4.44/SF
NOI
$305.8K $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%
$6,116,540
Cap Rate 7%
$4,368,957
Cap Rate 9%
$3,398,078
Alternative Uses
Best Use
Specialty Retail
$4.37M
$3.82M – $5.10M
NOI $305,827 @ 7.0% cap · market cap 2,237.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.06M
$5.30M – $7.07M
NOI $424,025 @ 7.0% cap · market cap 3,102.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
27,180 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
532
Businesses Nearby
88k
Monthly Visits Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A walk-in cooler and fixed kitchen improvements are already in place for restaurant operations.
Where is this conventional restaurant located?
The property is located at 5240 N Atlantic Avenue #150 Cocoa Beach, FL.
What are key features of this property?
This property features: 4,100 SF restaurant space with an existing kitchen and walk‑in cooler; Built‑in improvements remain; additional equipment may be purchased from the current operator; On A1A with 27,180 cars per day
