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    1229-1231 King St Cocoa, FL 32922

    For Sale
    $489,900

    Prime King Street location, two buildings, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional commercial property, located at 1229-1231 W King Street in Cocoa, Florida, presents a unique investment opportunity. The property comprises three tax parcels (2424549, 2424542, and 2443422) encompassing 22,215.6 square feet of land, and includes easement rights across parcel 2461749. The property features two buildings, both single-story structures built in 1963. One building is currently under a five-year lease at $2,000 per month plus sales tax, providing immediate rental income. The second building is rented on a month-to-month basis, offering flexibility for the new owner. The property's high visibility on King Street makes it ideal for a variety of retail uses. The current configuration allows for owner-occupancy, negotiation of a new lease with the existing tenant, or the potential to subdivide the buildings to create four separate units, each with two bathrooms. This versatile property offers significant potential for growth and return on investment. The asking price is $489,900. The property's zip code is 32922.

    Property Features for 1229-1231 King St

    General Information

    Property type
    Land

    Building Details

    Year Built
    1963
    Stories
    1
    Units
    2

    HighLights

    • $489,900 asking price.
    • Retail and land property with two units.
    • 1963 construction, one‑story building on a 22,215.6 sq ft lot.
    • Located at 1229‑1231 W King Street, Cocoa, FL 32922.
    • Includes three tax parcels with easement rights.
    • Rear building has a five‑year lease at $2,000/month plus sales tax.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cocoa
    County
    Brevard
    State
    Florida
    Longitude
    -80.747368431171
    Latitude
    28.355493474008

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    FAQs

    What type of property is this?
    Land - Prime King Street location, two buildings, high visibility.
    Where is this land located?
    The property is located at 1229-1231 King St Cocoa, FL.
    What is the asking price?
    The asking price for this property is $489,900.
    What are key features of this property?
    This property features: $489,900 asking price.; Retail and land property with two units.; 1963 construction, one-story building on a 22,215.6 sq ft lot.
    Request Owner's contact information
    1229-1231 King St 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
    1229-1231 King St Cocoa, FL 32922
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