Titusville Office Building on US1

6770 S Washington Avenue, Titusville, FL 32780

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For Sale

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10,000 SF office building on 1.5 acres for sale.

Type:Office

Property size:

10,545 SF

Lot size:

1.50 Acres

Price / SF:

$199/SF

HighLights

Prime location on US1 in Titusville with high visibility (AADT over 20,000).
10,000 sqft, 6‑unit office building on 1.5 acres.
Large, recently repaved (2024) parking lot with 48 spaces.
3 of 6 units currently leased until July 31, 2026, providing immediate income.
Proximity to Space Coast Regional Airport, NASA/Kennedy Space Center, Space X, Blue Origin, Boeing, and Port Canaveral.
Roof recoated in 2023, 7 bathrooms and 7 AC units.

We can help!

Listing Contact

Caroline Hatten

For Sale

Contact for pricing

10,000 SF office building on 1.5 acres for sale.

Type:Office

Property size:

10,545 SF

Lot size:

1.50 Acres

Price / SF:

$199/SF

Added:: Dec 5, 2024
Days on Market:: 562
Last Refresh:: May 12 at 9:00 pm

Property Features for 6770 S Washington Avenue

General Information

Standard status: Active
Size: 10,545 SF
Lot size: 1.50 Acres
Property subtype: Office

Building Details

Year Built: 1988

We can help!

Listing Contact

Caroline Hatten

Listing agent Caroline Hatten License #3441246

Listing office Florida Realty Investments

Listing date Dec 5, 2024

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Florida Realty Investments

HighLights

Prime location on US1 in Titusville with high visibility (AADT over 20,000).
10,000 sqft, 6‑unit office building on 1.5 acres.
Large, recently repaved (2024) parking lot with 48 spaces.
3 of 6 units currently leased until July 31, 2026, providing immediate income.
Proximity to Space Coast Regional Airport, NASA/Kennedy Space Center, Space X, Blue Origin, Boeing, and Port Canaveral.
Roof recoated in 2023, 7 bathrooms and 7 AC units.

Overview

This 10,545 square foot office building is located directly on US1 in Titusville, Florida, within the Space Coast region. The property features six units, each approximately 1,800 square feet. The building contains seven bathrooms and seven AC units. A total coating was applied to the roof in 2023. The parking lot, which was repaved in 2024, offers 48 spaces. As of the current date, three of the six units are leased until July 31, 2026. The location benefits from an Annual Average Daily Traffic (AADT) count exceeding 20,000. The property is situated less than one mile from Space Coast Regional Airport, several hotels, and the NASA Causeway. It is in close proximity to NASA/Kennedy Space Center, Space X, Blue Origin, Boeing, and Port Canaveral.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$227.8k	$21.60
− Vacancy	−$36.4k	−$3.46
EGI	$191.3k	$18.14
− OpEx	−$47.8k	−$4.54
NOI	$143.5k	$13.61

10,545 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$2.05M

$1.79M – $2.39M (±1% cap)

NOI $143,496 @ 7.0% cap · market cap 6.83%

Second Best

—

no second resolved use

Theoretical Best

Office A

$2.78M

$2.43M – $3.25M (±1% cap)

NOI $194,745 @ 7.0% cap · market cap 9.27%

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

Property Profile Location Intelligence

Current Use by Public Records

Geosyntec Consultants Consultant Durney Paul C ... Physician Life Center Church Church

Suggested Use

Location Insight

Map
Local Demand

City: Titusville
County: Brevard
State: Florida
Longitude: -80.7858565
Latitude: 28.5142514

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For sale
Office buildings
FL
Titusville
32780
6770 S Washington Avenue

What type of property is this?

Office building - 10,000 SF office building on 1.5 acres for sale.

Where is this office building located?

The property is located at 6770 S Washington Avenue Titusville, FL.

What is the asking price?

The asking price for this property is $2,100,000.

What are key features of this property?

This property features: Prime location on US1 in Titusville with high visibility (AADT over 20,000).; 10,000 sqft, 6‑unit office building on 1.5 acres.; Large, recently repaved (2024) parking lot with 48 spaces.