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    2690 Hopkins Ave Titusville, FL 32780

    For Sale
    $1,800,000

    Multi-tenant retail plaza, high-traffic location.

    Property size:
    10,059 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional investment opportunity presents a thriving 10,059 square foot multi-tenant retail plaza situated on a 0.95-acre lot at the bustling intersection of S. Hopkins Avenue and Harrison Street in Titusville, Florida. The property, known as Rivertowne Plaza, comprises two buildings constructed in 1964 and extensively renovated in 2021. The plaza boasts five 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 a long-established auto repair business operating for over a decade. This well-maintained brick building benefits from a history of reliable, long-term tenants, although some leases are expiring in 2024, presenting a valuable opportunity for added value. Key improvements include new trusses installed in 1989 and a new roof in 2015. The property is zoned CC and offers significant potential for growth, given its prime location behind Titus Landing and across from Parrish Healthcare, ensuring high visibility and consistent foot traffic. The asking price is $1,800,000, translating to $178.94 per square foot. This is a rare chance to acquire a successful retail property in a strategic location with a proven track record and substantial upside potential.

    Property Features for 2690 Hopkins Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    10,059 SF
    Lot Size
    41,382 SF

    Building Details

    Year Built/Renovated
    1964/2021
    Buildings
    2
    Units
    5

    HighLights

    • $1,800,000 asking price for a 10,059 square foot retail property.
    • Located at 2690 S Hopkins Ave, Titusville, FL 32780, in Brevard County.
    • Property consists of two buildings on a 0.95‑acre lot, with five units and a diverse tenant mix including a restaurant and auto shop.
    • Built in 1964 and renovated in 2021, with a permitted CC zoning.
    • Features a strong location at a busy intersection near Titus Landing and Parrish Healthcare, offering potential for value‑add opportunities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Atlantic Hearing, Balance, ... Audiologist Pizza Hut Pizza Delivery ATA Karate Martial Arts School

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Titusville
    County
    Brevard
    State
    Florida
    Longitude
    -80.8061599
    Latitude
    28.5846236

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    FAQs

    What type of property is this?
    Lifestyle center - Multi-tenant retail plaza, high-traffic location.
    Where is this lifestyle center located?
    The property is located at 2690 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: $1,800,000 asking price for a 10,059 square foot retail property.; Located at 2690 S Hopkins Ave, Titusville, FL 32780, in Brevard County.; Property consists of two buildings on a 0.95-acre lot, with five units and a diverse tenant mix including a restaurant and auto shop.
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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
    2690 Hopkins Ave Titusville, FL 32780
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