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    63 Orlando Ave Cocoa Beach, FL 32931

    Sponsored
    For Sale
    $999,999

    Prime Retail/Mixed-Use, Ocean Block

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Cocoa Beach commercial property, located at 63 N Orlando Avenue, presents a unique investment opportunity. Priced at $999,999, this single-story, 1958-built building boasts a generous 4,791.6 square feet lot. The property comprises two distinct units, totaling nearly 2500 square feet of versatile space, currently occupied by established businesses. This allows for flexibility; operate both units as one expansive space, or lease them individually, catering to diverse business needs. Situated on high-traffic Orlando Avenue, just one block from the ocean, this location offers unparalleled visibility and excellent foot traffic. The property benefits from its prime position within a thriving commercial corridor, surrounded by complementary businesses, restaurants, and popular local attractions, creating a vibrant and attractive environment for potential tenants. The wellness-focused nature of the current tenants (a Kombucha bar and a light therapy business) adds to the property's appeal. This property is ideal for investors seeking a strong return in a desirable coastal location. The existing tenants provide immediate income potential, while the flexible layout and prime location offer significant long-term growth opportunities. Don't miss this chance to acquire a thriving commercial property in the heart of Cocoa Beach, Florida, zip code 32931.

    Property Features for 63 Orlando Ave

    General Information

    Property type
    Mixed-use properties

    Building Details

    Year Built
    1958
    Stories
    1
    Units
    1

    HighLights

    • $999,999 asking price.
    • Mixed‑use retail property with one unit.
    • 1958 construction, single‑story building.
    • 4,791.6 sq ft lot size.
    • Located at 63 N Orlando Avenue, Cocoa Beach, FL 32931.
    Property Profile Location Intelligence

    Current Use by Public Records

    Advanced Leak Detection Plumber Booch Kombucha Bar Bar

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Cocoa Beach
    County
    Brevard
    State
    Florida
    Longitude
    -80.6098167
    Latitude
    28.319563

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Retail/Mixed-Use, Ocean Block
    Where is this mixed-use property located?
    The property is located at 63 Orlando Ave Cocoa Beach, FL.
    What is the asking price?
    The asking price for this property is $999,999.
    What are key features of this property?
    This property features: $999,999 asking price.; Mixed-use retail property with one unit.; 1958 construction, single-story building.
    Request Owner's contact information
    63 Orlando Ave Cocoa Beach, FL 32931
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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
    63 Orlando Ave Cocoa Beach, FL 32931
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