Multi-Tenant Plaza in Titusville

2690 S Hopkins Ave, Titusville, FL 32780

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For Sale

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Well-maintained plaza with diverse tenants in a strategic location.

Type:Retail

Property size:

10,059 SF

Price / SF:

$178/SF

HighLights

Strategic location at a busy intersection near Titus Landing and Parrish Healthcare.
Well‑maintained 4‑unit multi‑tenant plaza with a history of reliable, long‑term tenants.
Diverse tenant mix including established businesses like Pizza Hut and Atlantic Hearing & Balance Center.
Opportunity for value add with some month‑to‑month leases.
Includes a long‑standing auto repair business.
New roof installed in 2015.

We can help!

Listing Contact

Holly Carver

Learn more

For Sale

Contact for pricing

Well-maintained plaza with diverse tenants in a strategic location.

Type:Retail

Property size:

10,059 SF

Price / SF:

$178/SF

Added:: Dec 22, 2023
Days on Market:: 902
Last Refresh:: May 12 at 10:47 pm

Property Features for 2690 S Hopkins Ave

General Information

Standard status: Active
Size: 10,059 SF
Property subtype: Retail

Building Details

Year Built: 1964

We can help!

Listing Contact

Holly Carver

Listing agent Holly Carver License #BK 3351454

Listing office Rocket City Commercial, Brokered by eXp Commercial

Listing date Dec 22, 2023

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Rocket City Commercial, Brokered by eXp Commercial

HighLights

Strategic location at a busy intersection near Titus Landing and Parrish Healthcare.
Well‑maintained 4‑unit multi‑tenant plaza with a history of reliable, long‑term tenants.
Diverse tenant mix including established businesses like Pizza Hut and Atlantic Hearing & Balance Center.
Opportunity for value add with some month‑to‑month leases.
Includes a long‑standing auto repair business.
New roof installed in 2015.

Overview

The property features a well-maintained brick plaza located at the intersection of S. Hopkins Avenue and Harrison Street, situated behind Titus Landing and across from Parrish Healthcare. The plaza consists of multiple units with a diverse tenant mix, including a Pizza Hut, Atlantic Hearing & Balance Center, a family martial arts center, a gun and rifle store, and an auto repair business that has been operating for more than 10 years. Some leases are month to month, providing an opportunity for value add. New trusses were installed in 1989, and a new roof was installed in 2015. The property size is 10059 square feet. The property includes two buildings: 2600/2650 and 2690. Building 2600/2650 houses the auto repair business. Building 2690 is a 4-unit multi-tenant plaza.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$193.1k	$19.20
− Vacancy	−$14.5k	−$1.44
EGI	$178.6k	$17.76
− OpEx	−$44.7k	−$4.44
NOI	$134.0k	$13.32

10,059 SF · lease $19.20/SF/yr · vacancy 7.50% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.91M

$1.67M – $2.23M (±1% cap)

NOI $133,986 @ 7.0% cap · market cap 7.44%

Second Best

Retail

$1.66M

$1.45M – $1.93M (±1% cap)

NOI $115,970 @ 7.0% cap · market cap 6.44%

Theoretical Best

Office A

$2.65M

$2.32M – $3.10M (±1% cap)

NOI $185,770 @ 7.0% cap · market cap 10.32%

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

Location Intelligence

Current Use by Public Records

Atlantic Hearing, Balance, ... Physician Pizza Hut Take-out & Catering ATA Karate Training Center

Suggested Use

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Location Insight

Map
Local Demand

City: Titusville
County: Brevard
State: Florida
Longitude: -80.8061571
Latitude: 28.5849551

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For sale
Shopping centers
FL
Titusville
32780
2690 S Hopkins Ave

What type of property is this?

Shopping center - Well-maintained plaza with diverse tenants in a strategic location.

Where is this shopping center located?

The property is located at 2690 S Hopkins Ave Titusville, FL.

What is the asking price?

The asking price for this property is $1,800,000.

What are key features of this property?

This property features: Strategic location at a busy intersection near Titus Landing and Parrish Healthcare.; Well‑maintained 4‑unit multi‑tenant plaza with a history of reliable, long‑term tenants.; Diverse tenant mix including established businesses like Pizza Hut and Atlantic Hearing & Balance Center.