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    5275 Hwy Cocoa, FL 32926

    For Sale
    $399,000

    Prime 1.14-Acre Commercial Lot, Ready to Build

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 48,787 square foot commercial land parcel presents a remarkable investment opportunity in Cocoa, Florida. Strategically located on Highway 520, this property boasts convenient access to I-95, ensuring high visibility and easy accessibility for businesses. Currently zoned BU-2, the site is fully prepared for immediate development, eliminating lengthy permitting delays. An approved Brevard County construction permit is in place for a 10,000 square foot, single-story office/warehouse building, streamlining the construction process. The proposed building plan details a 23' 8" height, with a maximum allowable height of 35 feet, offering flexibility in design. Situated in a low-risk flood zone (X), this property mitigates potential flood-related concerns. The asking price is $399,000. This is an exceptional opportunity to acquire a ready-to-build commercial lot in a high-growth area with excellent infrastructure and accessibility. Don't miss this chance to capitalize on this prime location and begin construction immediately. The property's address is 5275 Highway 520, Cocoa, FL 32926.

    Property Features for 5275 Hwy

    General Information

    Property type
    Land

    HighLights

    • $399,000 asking price.
    • 48,787 SF commercial land lot.
    • Located on Highway 520 in Cocoa, Florida.
    • Easy I‑95 access.
    • BU‑2 zoning.
    • Approved permit for a 10,000 SF single‑story office/warehouse.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Cocoa
    County
    Brevard
    State
    Florida
    Longitude
    -80.8556311
    Latitude
    28.3673716

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    FAQs

    What type of property is this?
    Land - Prime 1.14-Acre Commercial Lot, Ready to Build
    Where is this land located?
    The property is located at 5275 Hwy Cocoa, FL.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: $399,000 asking price.; 48,787 SF commercial land lot.; Located on Highway 520 in Cocoa, Florida.
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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
    5275 Hwy Cocoa, FL 32926
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