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    3170 Grissom Pkwy Cocoa, FL 32926

    Sponsored
    For Sale
    $1,800,000

    Shovel-ready, 674-unit storage facility

    Property size:
    93,150 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fully permitted, shovel-ready self-storage development site in Cocoa, Florida. Located on a 2.99-acre lot at 3170 Grissom Pkwy, this prime location boasts unparalleled visibility, bordering the Beachline Expressway (SR-528) and Grissom Parkway, experiencing high daily traffic volumes of 39,900 and 10,600 vehicles respectively. The site's strategic position between I-95 and Cape Canaveral ensures excellent accessibility. The development plan encompasses two buildings totaling 93,150 gross square feet (73,513 net rentable square feet), featuring 674 units. Building one is a three-story, 82,875 square foot climate-controlled structure, while building two offers 10,275 square feet of single-story drive-up units. This project benefits from strong market demographics, including significant multi-family residential development within a 1.5-mile radius (approximately 1,000 units underway), and proximity to major retailers such as Publix, CVS, and Walmart. Furthermore, its location near SpaceX, FedEx, and Amazon distribution centers adds to its appeal. Brevard County's robust 2.06% annual growth rate and low square footage per capita further solidify this investment's potential. The asking price is $1,800,000, and building permits are already secured, enabling a swift closing and immediate commencement of construction.

    Property Features for 3170 Grissom Pkwy

    General Information

    Property type
    Self storage facilities
    Square Feet
    93,150 SF
    Lot Size
    130,244 SF

    Building Details

    Buildings
    2
    Stories
    3
    Units
    674

    HighLights

    • Shovel‑ready self‑storage development opportunity in Cocoa, FL.
    • 2.99‑acre site with two buildings totaling 93,150 gross square feet (73,513 net rentable square feet) and 674 units.
    • Three‑story, 82,875‑square‑foot climate‑controlled building.
    • Single‑story, 10,275‑square‑foot drive‑up building.
    • High‑traffic location at the intersection of Beachline Expressway (SR‑528) and Grissom Parkway.
    • Strong market demographics with over 990 multi‑family units under construction within 1.5 miles.
    Property Profile Location Intelligence

    Current Use by Public Records

    Stevenson Nursery Landscaping ... Plant Nursery Stevenson Landscaping, Nursery ... Landscaper

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Cocoa
    County
    Brevard
    State
    Florida
    Longitude
    -80.7740263
    Latitude
    28.4058174

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    FAQs

    What type of property is this?
    Self storage facility - Shovel-ready, 674-unit storage facility
    Where is this self storage facility located?
    The property is located at 3170 Grissom Pkwy Cocoa, FL.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: Shovel-ready self-storage development opportunity in Cocoa, FL.; 2.99-acre site with two buildings totaling 93,150 gross square feet (73,513 net rentable square feet) and 674 units.; Three-story, 82,875-square-foot climate-controlled building.
    (904) 733-0039
    Request Owner's contact information
    3170 Grissom Pkwy Cocoa, FL 32926
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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
    3170 Grissom Pkwy Cocoa, FL 32926
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