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    609 Madison Ave Cape Canaveral, FL 32920

    For Sale
    $595,000

    Beachfront Investment Opportunity: Buildable Lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 6,098 square foot lot, located at 609 Madison Avenue in Cape Canaveral, Florida, presents a unique investment opportunity. Priced at $595,000, this property boasts a prime location just a short distance from the beach and a couple of miles from the port. Zoned for multi-family use, the land is ideal for developing duplexes, townhomes, or other residential projects. Buyers are responsible for verifying all city and county restrictions. Importantly, this lot is considered non-conforming, meaning the standard 7,500 square foot minimum lot size requirement does not apply, simplifying the development process. The property's proximity to the beach and port makes it an attractive location for both residents and tourists. This buildable lot offers the chance to create a lucrative investment or a personal beach getaway. The address is 609 Madison Avenue, Cape Canaveral, FL 32920. This is a rare opportunity to acquire a prime piece of land in a highly desirable location. Seize this chance to transform your Florida beach life dream into a reality. The property is situated in Brevard County.

    Property Features for 609 Madison Ave

    General Information

    Property type
    Land

    HighLights

    • Asking price: $595,000
    • 6,098 sq ft lot
    • Located at 609 Madison Avenue, Cape Canaveral, FL 32920
    • Zoned for multi‑family use (buyer to verify restrictions)
    • Buildable lot; non‑conforming lot size.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Cape Canaveral
    County
    Brevard
    State
    Florida
    Longitude
    -80.598076
    Latitude
    28.3887311

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    FAQs

    What type of property is this?
    Land - Beachfront Investment Opportunity: Buildable Lot
    Where is this land located?
    The property is located at 609 Madison Ave Cape Canaveral, FL.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: Asking price: $595,000; 6,098 sq ft lot; Located at 609 Madison Avenue, Cape Canaveral, FL 32920
    Request Owner's contact information
    609 Madison Ave Cape Canaveral, FL 32920
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    Cape Canaveral, FL 32920
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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
    609 Madison Ave Cape Canaveral, FL 32920
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