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    University Ln Cocoa, FL 32922

    For Sale
    $249,900

    .88-acre vacant lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional .88-acre commercial land parcel presents a unique investment opportunity in Cocoa, Florida. Located in a thriving area, this property boasts a prime location directly adjacent to a substantial 90-unit affordable/workforce housing development currently under construction on a 7.64-acre site. The property is zoned CG, General Commercial, offering a wide range of potential development options. City of Cocoa utilities, including water and sewer, are readily available. Importantly, the land is free of wetlands, simplifying the development process. The property's tax ID is 2416170/ PID: 24-36-20-00-286, with current real estate taxes totaling $1,235.53. This strategic location, coupled with the absence of wetlands and readily available utilities, makes this a highly attractive proposition for developers seeking a prime commercial site in a rapidly growing area. Detailed survey information is available upon request. The asking price for this exceptional property is $249,900.

    Property Features for 0 University Ln

    General Information

    Property type
    Land
    Lot Size
    38,333 SF

    HighLights

    • .88‑acre commercial lot in Cocoa, FL, ideal for development.
    • Prime location adjacent to a new 90‑unit housing development.
    • Zoned CG (General Commercial) with diverse development potential.
    • City utilities (water & sewer) readily available.
    • No wetlands, simplifying development.
    • Tax ID: 2416170/PID: 24‑36‑20‑00‑286; Taxes: $1,235.53.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Cocoa
    County
    Brevard
    State
    Florida
    Longitude
    -80.7586436
    Latitude
    28.3839968

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    FAQs

    What type of property is this?
    Land - .88-acre vacant lot, ideal for development.
    Where is this land located?
    The property is located at University Ln Cocoa, FL.
    What is the asking price?
    The asking price for this property is $249,900.
    What are key features of this property?
    This property features: .88-acre commercial lot in Cocoa, FL, ideal for development.; Prime location adjacent to a new 90-unit housing development.; Zoned CG (General Commercial) with diverse development potential.
    Request Owner's contact information
    University Ln 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
    University Ln Cocoa, FL 32922
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