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    4404 Highway 1 Cocoa, FL 32927

    For Sale
    $549,900

    Prime Highway 1 location, 4 acres, $549,900

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional commercial property presents a unique investment opportunity in Cocoa, Florida. Located at 4404 N Highway 1, this offering encompasses a 2,000 square-foot retail building constructed in 1993, situated on a substantial 16,552.8 square-foot lot. The property's strategic location provides excellent visibility on a major highway within a rapidly growing corridor, ensuring high traffic volume and potential for significant returns. This sale includes three parcels (23-36-31-00-9 & 23-36-31-00-9.1), totaling approximately four acres of land, offering ample space for expansion, development, or future business ventures. The existing building provides immediate income potential, while the expansive land offers significant upside for long-term growth. The asking price for this combined property is $549,900. Note that this is a sale of three parcels together, with a combined previous listing price of $1,145,700.00. This represents a compelling opportunity to acquire a substantial commercial property in a prime location at a significantly reduced price. The property is zoned for commercial use and is ready for immediate occupancy or redevelopment. This is an ideal investment for entrepreneurs and developers seeking a high-visibility location with significant development potential. The property's size and location make it suitable for a wide range of commercial uses.

    Property Features for 4404 Highway 1

    General Information

    Property type
    Retail properties

    Building Details

    Year Built
    1993
    Units
    1

    HighLights

    • $549,900 asking price.
    • 1,652 sq ft lot.
    • 2,000 sq ft retail building.
    • Built in 1993.
    • Located at 4404 N Highway 1, Cocoa, FL 32927.
    • High visibility on major highway in growth corridor.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Nail Salon Clothing Store Building Supply Gym & Fitness Accounting Firm Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Cocoa
    County
    Brevard
    State
    Florida
    Longitude
    -80.7625871
    Latitude
    28.4434463

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    FAQs

    What type of property is this?
    Retail property - Prime Highway 1 location, 4 acres, $549,900
    Where is this retail property located?
    The property is located at 4404 Highway 1 Cocoa, FL.
    What is the asking price?
    The asking price for this property is $549,900.
    What are key features of this property?
    This property features: $549,900 asking price.; 1,652 sq ft lot.; 2,000 sq ft retail building.
    Request Owner's contact information
    4404 Highway 1 Cocoa, FL 32927
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    Cocoa, FL 32927
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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
    4404 Highway 1 Cocoa, FL 32927
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