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    585 King St Cocoa, FL 32922

    For Sale
    $1,500,000

    High-traffic commercial lot, 1.22 acres

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 1.22-acre commercial land parcel presents a significant investment opportunity in Cocoa, Florida. Boasting over 300 feet of frontage on SR 520, this strategically located property enjoys high visibility and accessibility, situated near the US1 intersection and the vibrant Cocoa Village. The lot encompasses a total of 53,143.2 square feet and benefits from access via three streets, ensuring convenient ingress and egress. With an estimated daily traffic count of approximately 30,000 vehicles, this location offers unparalleled exposure for any commercial venture. Currently zoned for commercial use, the property is ready for development, making it ideal for a wide range of businesses seeking a prime location with substantial foot and vehicle traffic. The asking price for this remarkable opportunity is $1,500,000. The address is 585 W King Street, Cocoa, FL 32922. This is a rare chance to acquire a substantial commercial land holding in a thriving Florida community.

    Property Features for 585 King St

    General Information

    Property type
    Land

    HighLights

    • $1,500,000 asking price.
    • 53,143.2 square foot commercial land parcel.
    • Located at 585 W King Street, Cocoa, FL 32922.
    • Over 300 feet of frontage on SR 520, near US1 and downtown Cocoa Village.
    • Zoned commercial with access from three streets and approximately 30,000 daily vehicles passing by.
    • 1.22‑acre site comprised of five lots.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Cocoa
    County
    Brevard
    State
    Florida
    Longitude
    -80.735829
    Latitude
    28.3550861

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    FAQs

    What type of property is this?
    Land - High-traffic commercial lot, 1.22 acres
    Where is this land located?
    The property is located at 585 King St Cocoa, FL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price.; 53,143.2 square foot commercial land parcel.; Located at 585 W King Street, Cocoa, FL 32922.
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    585 King St Cocoa, FL 32922
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    Cocoa, FL 32922
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    585 King St Cocoa, FL 32922
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