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    - SEQ Us Hwy 1 & Cottrell Ave Sharpes, FL 32927

    For Sale
    $7,200,000

    12-Acre Commercial Waterfront Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 12.39-acre commercial land parcel presents a unique investment opportunity in Cocoa, Florida. Strategically located on US Highway 1 and Cottrell Avenue, this property boasts 568+/- linear feet of US Highway 1 frontage and 370+/- feet of Indian River frontage. The site comprises seven contiguous parcels, offering significant development potential. The property is zoned RU-2-10, allowing for various uses including multifamily dwellings, duplexes, and resort dwellings, subject to Brevard County development standards. Maximum building height is 35 feet, with a density of 5 dwellings per acre. City of Cocoa water is available

    Property Features for - SEQ Us Hwy 1 & Cottrell Ave

    General Information

    Property type
    Land
    Lot Size
    539,708 SF

    HighLights

    • 12.39‑acre commercial land parcel comprised of seven contiguous parcels in Cocoa, FL.
    • 568+ linear feet of US Highway 1 frontage and approximately 370 feet of Indian River frontage.
    • Located in an Opportunity Zone, offering tax benefits to investors.
    • RU‑2‑12 zoning allows for multifamily dwellings, duplexes, and resort dwellings; 35‑foot maximum building height and 5 dwellings per acre density.
    • City of Cocoa water available; currently on septic, but sewer annexation is possible.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sharpes
    County
    Brevard
    State
    Florida
    Longitude
    -80.7653074
    Latitude
    28.4668658

    Nearby Comparable

    • $7,200,000
      12.39 Acres

      US 1 & Cottrell Ave Development Land

      12.39 Acres, Multifamily Potential, Cocoa, FL
      1 And Cottrell Ave, Sharpes, FL 32927
      View Details
    • Contact for pricing
      0.76 Acres

      Port St. John Plaza Land

      High-traffic commercial land, Cocoa, FL.
      6201 Us-1, Cocoa, FL 32927
      View Details
    • $725,000

      Edgewater Court Waterfront Land

      Prime Cocoa, FL commercial/residential lot.
      5400 Edgewater Ct, Cocoa, FL 32927
      View Details
    • $200,000
      1.15 Acres

      Prime Cocoa Commercial Land

      1.15 Acres, RU-2-4 Zoning
      000 Us 1 Hwy, Cocoa, FL 32927
      View Details

    FAQs

    What type of property is this?
    Land - 12-Acre Commercial Waterfront Opportunity
    Where is this land located?
    The property is located at - SEQ Us Hwy 1 & Cottrell Ave Sharpes, FL.
    What is the asking price?
    The asking price for this property is $7,200,000.
    What are key features of this property?
    This property features: 12.39-acre commercial land parcel comprised of seven contiguous parcels in Cocoa, FL.; 568+ linear feet of US Highway 1 frontage and approximately 370 feet of Indian River frontage.; Located in an Opportunity Zone, offering tax benefits to investors.
    Request Owner's contact information
    - SEQ Us Hwy 1 & Cottrell Ave Sharpes, FL 32927
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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
    - SEQ Us Hwy 1 & Cottrell Ave Sharpes, FL 32927
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