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    4650 Hwy 1 Hwy Cocoa, FL 32927

    For Sale
    $61,000

    20,038 SF Commercial Lot, $61,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 20,038 square foot commercial land parcel presents a unique investment opportunity in Cocoa, Florida. Strategically located on Highway 1, a major thoroughfare, this property enjoys high visibility and significant traffic flow due to its placement at a large intersection controlled by a traffic light. The asking price is $61,000. It's important to note that this property is being sold exclusively with an adjoining parcel, identified by tax ID 23-36-31-BK-00001.0-0021.00. Both parcels must be purchased together as a single unit. The property's address is 4650 N Highway 1 Highway, Cocoa, FL 32927. Its precise location is 28.4676072 latitude and -80.8211696 longitude, within Brevard County. This combined land offering presents a compelling opportunity for developers or businesses seeking a prominent location with high traffic exposure in a thriving Florida market. The substantial lot size provides ample space for a variety of commercial developments. Serious inquiries are encouraged to explore the potential of this combined land holding. The sale is contingent upon the simultaneous purchase of the adjoining parcel.

    Property Features for 4650 Hwy 1 Hwy

    General Information

    Property type
    Land

    HighLights

    • $61,000 asking price for this commercial land parcel.
    • 20,038 square foot lot.
    • Located at 4650 N Highway 1, Cocoa, FL 32927.
    • High‑traffic location on a major highway at a signalized intersection.
    • Must be purchased with adjoining tax ID 23‑36‑31‑BK‑00001.0‑0021.00.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Cocoa
    County
    Brevard
    State
    Florida
    Longitude
    -80.8211696
    Latitude
    28.4676072

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    FAQs

    What type of property is this?
    Land - 20,038 SF Commercial Lot, $61,000
    Where is this land located?
    The property is located at 4650 Hwy 1 Hwy Cocoa, FL.
    What is the asking price?
    The asking price for this property is $61,000.
    What are key features of this property?
    This property features: $61,000 asking price for this commercial land parcel.; 20,038 square foot lot.; Located at 4650 N Highway 1, Cocoa, FL 32927.
    Request Owner's contact information
    4650 Hwy 1 Hwy 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
    4650 Hwy 1 Hwy Cocoa, FL 32927
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