Retail Plaza on U.S. Highway

966 - 970 N Cocoa Boulevard, Cocoa, FL 32922

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For Sale

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Retail plaza with frontage on U.S. Highway 1.

Type:Office, Retail

Property size:

8,208 SF

Price / SF:

$194/SF

HighLights

High visibility with 301.39 lineal feet of frontage on U.S. Hwy 1.
Excellent accessibility with two entrances/exits.
Convenient location near 528, providing direct access to Orlando and beachside communities.
Freshly renovated with new paint, façade signs, and renovated suites.
Prominent monument sign for enhanced visibility.
Regularly maintained landscaping for a professional appearance.

We can help!

Listing Contact

Kirk Von Stein

For Sale

Contact for pricing

Retail plaza with frontage on U.S. Highway 1.

Type:Office, Retail

Property size:

8,208 SF

Price / SF:

$194/SF

Added:: Oct 24, 2023
Days on Market:: 969
Last Refresh:: May 12 at 9:56 pm

Property Features for 966 - 970 N Cocoa Boulevard

General Information

Standard status: Active
Size: 8,208 SF
Property subtype: Office, Retail

Building Details

Year Built: 1982

We can help!

Listing Contact

Kirk Von Stein

Listing agent Kirk Von Stein License #FL

Listing office Charles A. Von Stein, Inc

Listing date Oct 24, 2023

Source Crexi

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 Charles A. Von Stein, Inc

HighLights

High visibility with 301.39 lineal feet of frontage on U.S. Hwy 1.
Excellent accessibility with two entrances/exits.
Convenient location near 528, providing direct access to Orlando and beachside communities.
Freshly renovated with new paint, façade signs, and renovated suites.
Prominent monument sign for enhanced visibility.
Regularly maintained landscaping for a professional appearance.

Overview

This property features 301.39 lineal feet of frontage on U.S. Highway 1. It includes two entrances and exits on each side of the plaza. The location provides proximity to 528, offering direct access to Orlando and the beachside communities. The property has been renovated and includes a monument sign, new paint, facade signs over each business, and renovated suites. The landscape is regularly maintained.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$177.3k	$21.60
− Vacancy	−$28.4k	−$3.46
EGI	$148.9k	$18.14
− OpEx	−$37.2k	−$4.54
NOI	$111.7k	$13.61

8,208 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.60M

$1.40M – $1.86M (±1% cap)

NOI $111,694 @ 7.0% cap · market cap 6.98%

Second Best

Retail

$1.35M

$1.18M – $1.58M (±1% cap)

NOI $94,630 @ 7.0% cap · market cap 5.91%

Theoretical Best

Office A

$2.17M

$1.89M – $2.53M (±1% cap)

NOI $151,585 @ 7.0% cap · market cap 9.47%

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

Property Profile Location Intelligence

Current Use by Public Records

Kirby Vacuums Factory ... Factory Flawless Fades Barber ... Barber Shop L a Looks Hair Salon East Coast Gleam ... Hardware & Home Improvement Revolutions Hair Studio Hair Salon

Suggested Use

Similar Places Nearby

Celebration Plaza — 28°22'25. 80°44'38., 7 US-1, Cocoa, FL 32922
North Point — 840 N Cocoa Blvd, Cocoa, FL 32922
Vintage Vinyl Records — 823 N Cocoa Blvd, Cocoa, FL 32922

Location Insight

Map
Local Demand

City: Cocoa
County: Brevard
State: Florida
Longitude: -80.736433
Latitude: 28.3745725

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For sale
Shopping centers
FL
Cocoa
32922
966 - 970 N Cocoa Boulevard

What type of property is this?

Shopping center - Retail plaza with frontage on U.S. Highway 1.

Where is this shopping center located?

The property is located at 966 - 970 N Cocoa Boulevard Cocoa, FL.

What is the asking price?

The asking price for this property is $1,600,000.

What are key features of this property?

This property features: High visibility with 301.39 lineal feet of frontage on U.S. Hwy 1.; Excellent accessibility with two entrances/exits.; Convenient location near 528, providing direct access to Orlando and beachside communities.

966 - 970 N Cocoa Boulevard, Cocoa, FL 32922

Retail plaza with frontage on U.S. Highway 1.

Property Features for 966 - 970 N Cocoa Boulevard

General Information

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Retail Property with High-Visibility Corridor

Cocoa Office Building For Sale

Fenced Four-Unit Income Property

Open MRI Medical Imaging Center

Versatile Commercial Condo in Cocoa

Cocoa, FL Commercial Property

Versatile Office Building on US1

Duplex with Adjacent Buildable Lot

Turnkey Duplex in Cocoa, FL

Historic Cocoa Retail Investment

Fully Equipped Diner Business

Mixed-Use Property with Lease Income

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