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    8801 Astronaut Blvd Cape Canaveral, FL 32920

    For Lease
    $0.07 SF/Yr

    Prime 5-acre retail land, single tenant.

    Lot size:
    9,208 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 5-acre commercial property at 8801 Astronaut Boulevard, Cape Canaveral, FL 32920, presents a unique retail investment opportunity. Zoned C1, this single-tenant property boasts a substantial 9,208 square foot building situated on a prime corner lot with significant frontage on Astronaut Boulevard (460 feet) and Central Avenue (500+ feet). The property is part of the Wave Village Project, Phase 2, and benefits from its strategic location—the first traffic light from Orlando. This location offers unparalleled visibility and accessibility. The property's existing tenants include Beach Wave Beachwear and Zarrella's Italian Restaurant. Seven individual retail rental spaces, ranging from 1300 to 1348 square feet each, are available. There's flexibility to combine multiple units for larger space requirements. Furthermore, the development plan includes short-term, condo-style, fully furnished living spaces and a food hall above the retail spaces. The property's proximity to Port Canaveral, Exploration Tower, Jetty Park, four cruise lines, and over 200 businesses (marinas, restaurants, retail, charter boats, and a casino ship) ensures high foot traffic and a robust customer base. The APN is 24-37-15-00-00817.0-0000.00. This is an unparalleled chance to establish a thriving business in a dynamic and rapidly growing area.

    Property Features for 8801 Astronaut Blvd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,208 SF

    Unit(s) available at that property

    Space
    104
    Size
    9,208 SF
    Rate per SF
    $0.06

    HighLights

    • 5‑acre commercial property at 8801 Astronaut Boulevard, Cape Canaveral, FL 32920.
    • 9,208 SF building on a prime corner lot with significant frontage on Astronaut Boulevard (460 ft) and Central Avenue (500+ ft).
    • C1 zoning; seven individual retail spaces (1300‑1348 SF each) available, with potential for combination.
    • Part of Wave Village Project, Phase 2, located at the first traffic light from Orlando, offering high visibility and accessibility.
    • Existing tenants include Beach Wave Beachwear and Zarrella's Italian Restaurant; development plan includes short‑term furnished living spaces and a food hall.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cape Canaveral
    County
    Brevard
    State
    Florida
    Longitude
    -80.6137581
    Latitude
    28.3973744

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    FAQs

    What type of property is this?
    Land - Prime 5-acre retail land, single tenant.
    Where is this land located?
    The property is located at 8801 Astronaut Blvd Cape Canaveral, FL.
    What is the lease rate?
    The lease rate is $0.07 SF/Yr.
    What are key features of this property?
    This property features: 5-acre commercial property at 8801 Astronaut Boulevard, Cape Canaveral, FL 32920.; 9,208 SF building on a prime corner lot with significant frontage on Astronaut Boulevard (460 ft) and Central Avenue (500+ ft).; C1 zoning; seven individual retail spaces (1300-1348 SF each) available, with potential for combination.
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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
    8801 Astronaut Blvd Cape Canaveral, FL 32920
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