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    1625 Tropic St Titusville, FL 32796

    For Sale
    $555,000

    Large lot, ideal for multi-family.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 288,367 square foot commercial and residential land parcel presents a remarkable investment opportunity in the thriving city of Titusville, Florida. Located at 1625 Tropic Street, zip code 32796, this expansive property offers significant potential for developers seeking to capitalize on the area's growing demand for housing. The site's convenient location provides easy access to pristine beaches, a diverse culinary scene, and the attractions of nearby Orlando. A key advantage is the completion of both a survey and an environmental study, confirming the absence of wetlands on the property, thus streamlining the development process and mitigating potential delays. This comprehensive due diligence significantly reduces risk and accelerates the path to construction. The asking price for this prime development land is $555,000. The property is zoned for both commercial and residential use, providing flexibility for a variety of development plans. This presents a unique chance to create a thriving community in a desirable location. Detailed information regarding zoning regulations and permitted uses is readily available. This is a rare opportunity to acquire a large, well-situated parcel in Brevard County, Florida, ready for immediate development.

    Property Features for 1625 Tropic St

    General Information

    Property type
    Land
    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
    Titusville
    County
    Brevard
    State
    Florida
    Longitude
    -80.820982
    Latitude
    28.610915

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    FAQs

    What type of property is this?
    Land - Large lot, ideal for multi-family.
    Where is this land located?
    The property is located at 1625 Tropic St Titusville, FL.
    What is the asking price?
    The asking price for this property is $555,000.
    Request Owner's contact information
    1625 Tropic St Titusville, FL 32796
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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
    1625 Tropic St Titusville, FL 32796
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