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    1525 Indian River Dr Cocoa, FL 32922

    Sponsored
    For Sale
    $850,000

    Prime .86-acre lot, stunning river views

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional .86-acre commercial and residential lot, located at 1525 N Indian River Drive in Cocoa, Florida (zip code 32922), presents a unique investment opportunity. Boasting a total area of 29,620.8 square feet, this cleared lot offers breathtaking views of the historic Indian River. Its prime location provides easy access to the water, perfect for launching boats or paddleboards directly from your property. Imagine waking up to spectacular sunrises and enjoying the unparalleled Space Coast living experience, with the added benefit of potential rocket launch viewing opportunities. The property is zoned for both commercial and residential use, offering flexibility for a variety of development plans. An added advantage is the availability of an adjacent lot, presenting potential for expansion or development synergy. This is an ideal location for those seeking a blend of commercial and residential development, or a unique opportunity to build a dream home with exceptional waterfront access. The asking price for this remarkable property is $850,000.

    Property Features for 1525 Indian River Dr

    General Information

    Property type
    Land

    HighLights

    • $850,000 asking price.
    • .86‑acre commercial/residential land parcel.
    • 29,620.8 sq ft lot size.
    • Located at 1525 N Indian River Drive, Cocoa, FL 32922.
    • Riverfront property with potential for breathtaking views.
    • Adjacent lot availability.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cocoa
    County
    Brevard
    State
    Florida
    Longitude
    -80.7397991
    Latitude
    28.3843671

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    FAQs

    What type of property is this?
    Land - Prime .86-acre lot, stunning river views
    Where is this land located?
    The property is located at 1525 Indian River Dr Cocoa, FL.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: $850,000 asking price.; .86-acre commercial/residential land parcel.; 29,620.8 sq ft lot size.
    Request Owner's contact information
    1525 Indian River Dr 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
    1525 Indian River Dr Cocoa, FL 32922
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