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    630 Adams Ave Cape Canaveral, FL 32920

    For Sale
    $5,400,000

    18-Unit Beachfront Complex, High ROI Potential

    Property size:
    10,910 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents an 18-unit multifamily property located at 630 Adams Avenue, Cape Canaveral, Florida, 32920. The property, boasting 10,910 square feet, is situated on a 0.29-acre lot and enjoys a prime location just one lot away from direct beach access. The two-story building, constructed in 1962 of solid concrete block, comprises seventeen one-bedroom, one-bathroom units ranging from 400 to 600 square feet, many offering captivating ocean views. A unique feature is a spacious two-story primary suite with panoramic ocean vistas from every room. Currently configured as rental units, the property's R-3 zoning allows for diverse usage, including long-term or short-term rentals. The asking price is $5,400,000. Significant upside potential exists through renovation and potential conversion to condominiums or a boutique luxury apartment complex. The property's proximity to restaurants, parks, and Port Canaveral attractions further enhances its appeal and rental income prospects. Showings are by appointment only. This is a rare chance to acquire a well-located, income-producing asset with substantial redevelopment possibilities in a thriving coastal community.

    Property Features for 630 Adams Ave

    General Information

    Property type
    Specialty properties
    Square Feet
    10,910 SF
    Class
    A

    Building Details

    Year Built
    1962
    Stories
    2
    Units
    18

    HighLights

    • $5,400,000 Asking Price
    • Class A, Special Purpose Property
    • 10,910 square feet, 18 units
    • 1962 Construction, 2 stories
    • R‑3 Zoning, 0.29‑acre lot in Cape Canaveral, FL
    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
    Cape Canaveral
    County
    Brevard
    State
    Florida
    Longitude
    -80.5974117
    Latitude
    28.3908493

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    FAQs

    What type of property is this?
    Specialty property - 18-Unit Beachfront Complex, High ROI Potential
    Where is this specialty property located?
    The property is located at 630 Adams Ave Cape Canaveral, FL.
    What is the asking price?
    The asking price for this property is $5,400,000.
    What are key features of this property?
    This property features: $5,400,000 Asking Price; Class A, Special Purpose Property; 10,910 square feet, 18 units
    Request Owner's contact information
    630 Adams Ave Cape Canaveral, FL 32920
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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
    630 Adams Ave Cape Canaveral, FL 32920
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