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    227 Johnson Ave Cape Canaveral, FL 32920

    For Sale
    $697,700

    Prime Beach Location, Build 4 Units!

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Cape Canaveral investment opportunity presents a 12,500 square foot (.28 acre) corner lot at the intersection of Johnson Avenue and Orange Avenue. Zoned for multifamily development, this property allows for the construction of up to four units, making it ideal for investors seeking high rental income potential. The location is highly desirable, offering proximity to beautiful beaches, a variety of restaurants and shops, and the convenience of being just minutes away from Port Canaveral and its cruise port. This prime location attracts both residents and vacationers, ensuring strong occupancy rates. The lot's size and zoning provide significant flexibility for development, catering to a range of building plans. Composed of two parcels, this property offers added advantages and potential for creative development strategies. Situated in the highly sought-after Cape Canaveral Beach community, this property represents a rare chance to acquire a substantial piece of land with exceptional potential for significant returns. The asking price for this remarkable opportunity is $697,700. The property is located in Brevard County, Florida, zip code 32920.

    Property Features for 227 Johnson Ave

    General Information

    Property type
    Multifamily properties

    HighLights

    • 12,500 SF (.28‑acre) corner lot at Johnson & Orange Aves. in Cape Canaveral, FL.
    • Multifamily zoning allows up to four units.
    • Prime location near beaches, restaurants, shops, and Port Canaveral.
    • High rental income potential due to strong occupancy rates.
    • Two parcels offer development flexibility.
    • Asking price: $697,700.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cape Canaveral
    County
    Brevard
    State
    Florida
    Longitude
    -80.6029533
    Latitude
    28.3795539

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    FAQs

    What type of property is this?
    Multifamily property - Prime Beach Location, Build 4 Units!
    Where is this multifamily property located?
    The property is located at 227 Johnson Ave Cape Canaveral, FL.
    What is the asking price?
    The asking price for this property is $697,700.
    What are key features of this property?
    This property features: 12,500 SF (.28-acre) corner lot at Johnson & Orange Aves. in Cape Canaveral, FL.; Multifamily zoning allows up to four units.; Prime location near beaches, restaurants, shops, and Port Canaveral.
    Request Owner's contact information
    227 Johnson 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
    227 Johnson Ave Cape Canaveral, FL 32920
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