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Titusville Office Building on US1

6770 S Washington Avenue, Titusville, FL 32780

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For Sale

$2,100,000

10,000 SF office building on 1.5 acres in Titusville.

Type:Commercial/Industrial

Property size:

10,545 SF

Lot size:

1.58 Acres

Price / SF:

$199/SF

HighLights

High‑traffic location directly on US1 with over 20,000 AADT.
Large 1.5‑acre lot with a 10,000 sqft, 6‑unit office building and 48 parking spaces.
Proximity to major employers and attractions: NASA/Kennedy Space Center, Space X, Blue Origin, Boeing, Port Canaveral.
Located in Titusville on Florida's Space Coast, a rapidly growing area.
Investment opportunity with potential for high returns.
Under 1 mile to Space Coast Regional Airport, hotels, and NASA Causeway.

We can help!

Listing Contact

Caroline Christine Reda

For Sale

$2,100,000

10,000 SF office building on 1.5 acres in Titusville.

Type:Commercial/Industrial

Property size:

10,545 SF

Lot size:

1.58 Acres

Price / SF:

$199/SF

Added:: Dec 4, 2024
Days on Market:: 563
Last Refresh:: May 20 at 12:24 am

Property Features for 6770 S Washington Avenue

General Information

Standard status: Active
Size: 10,545 SF
Lot size: 1.58 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1988

We can help!

Listing Contact

Caroline Christine Reda

Listing agent Caroline Christine Reda License #3441246

Listing office Florida Realty Investments

Listing date Dec 4, 2024

Source Exitrealty

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 Florida Realty Investments

HighLights

High‑traffic location directly on US1 with over 20,000 AADT.
Large 1.5‑acre lot with a 10,000 sqft, 6‑unit office building and 48 parking spaces.
Proximity to major employers and attractions: NASA/Kennedy Space Center, Space X, Blue Origin, Boeing, Port Canaveral.
Located in Titusville on Florida's Space Coast, a rapidly growing area.
Investment opportunity with potential for high returns.
Under 1 mile to Space Coast Regional Airport, hotels, and NASA Causeway.

Overview

This 10,545 square foot office building is located in Titusville, Florida. Situated on 1.5 acres directly on US1, the property features a 6-unit office building. The location benefits from an annual average daily traffic count of over 20,000. A large parking lot provides 48 spaces. The property is located less than one mile from Space Coast Regional Airport, several hotels, and the NASA Causeway. It is in close proximity to NASA/Kennedy Space Center, Space X, Blue Origin, Boeing, and Port Canaveral. This property presents an investment opportunity on Florida's Space Coast.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$227.8k	$21.60
− Vacancy	−$36.4k	−$3.46
EGI	$191.3k	$18.14
− OpEx	−$47.8k	−$4.54
NOI	$143.5k	$13.61

10,545 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$2.05M

$1.79M – $2.39M (±1% cap)

NOI $143,496 @ 7.0% cap · market cap 6.83%

Second Best

—

no second resolved use

Theoretical Best

Office A

$2.78M

$2.43M – $3.25M (±1% cap)

NOI $194,745 @ 7.0% cap · market cap 9.27%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Geosyntec Consultants Consultant Durney Paul C ... Physician Life Center Church Church

Suggested Use

Location Insight

Map
Local Demand

City: Titusville
County: Brevard
State: Florida
Longitude: -80.7859
Latitude: 28.5143

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For sale
Office buildings
FL
Titusville
32780
6770 S Washington Avenue

What type of property is this?

Office building - 10,000 SF office building on 1.5 acres in Titusville.

Where is this office building located?

The property is located at 6770 S Washington Avenue Titusville, FL.

What is the asking price?

The asking price for this property is $2,100,000.

What are key features of this property?

This property features: High‑traffic location directly on US1 with over 20,000 AADT.; Large 1.5‑acre lot with a 10,000 sqft, 6‑unit office building and 48 parking spaces.; Proximity to major employers and attractions: NASA/Kennedy Space Center, Space X, Blue Origin, Boeing, Port Canaveral.