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    625 Cocoa, FL 32922

    Sponsored
    For Sale
    $1,450,000

    Prime Retail, Office, & Land Investment

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Cocoa Village commercial property, located at 625 Brevard Ave, Cocoa, FL 32922, presents a unique investment opportunity. The 16,552.8 sq ft lot houses a single-story, 1951-built building featuring three units currently configured as attractive retail/office spaces. Boasting prime frontage on Brevard Avenue, the property offers excellent visibility and ample parking. The building includes front display areas, bathrooms, and rear storage. This is an ideal investment for those seeking to establish a presence in the thriving Cocoa Village business community. Beyond its current use, the property holds significant future development potential. The site is already zoned for a variety of uses, including office, hotel, and assisted living facility (ALF), with entitlements completed. Approved plans allow for an eight-story building, potentially accommodating 77 ALF beds or 48 hotel units. Additional possibilities include condo or apartment development. The asking price is $1,450,000. This property offers a blend of immediate income potential and substantial long-term growth opportunities in a highly desirable location. Don't miss this chance to acquire a piece of Cocoa Village's vibrant commercial landscape.

    Property Features for 0 625

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Year Built
    1951
    Stories
    1
    Units
    3

    HighLights

    • $1,450,000 asking price.
    • Three‑unit commercial property (Retail, Land, Office) in Cocoa, FL.
    • 16,552.8 sq ft lot.
    • Built in 1951, one story.
    • High‑visibility location on Brevard Ave in Cocoa Village with ample parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Cocoa
    County
    Brevard
    State
    Florida
    Longitude
    -80.7380716
    Latitude
    28.37512

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Retail, Office, & Land Investment
    Where is this office property / space located?
    The property is located at 625 Cocoa, FL.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: $1,450,000 asking price.; Three-unit commercial property (Retail, Land, Office) in Cocoa, FL.; 16,552.8 sq ft lot.
    Request Owner's contact information
    625 Cocoa, FL 32922
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    Cocoa, FL 32922
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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
    625 Cocoa, FL 32922
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