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    157 Orlando Ave Cocoa Beach, FL 32931

    Sponsored
    For Sale
    $2,150,000

    Prime location, 4-unit building, high ROI.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional mixed-use property, located at 157 N Orlando Avenue in Cocoa Beach, Florida (zip code 32931), presents a lucrative investment opportunity. The 8,276.4 square foot lot houses a two-story, 1992-built building, effectively renovated in 2018, offering a total of 4 units. The building features two ground-floor retail spaces ideal for a variety of businesses, capitalizing on the high foot traffic of Downtown Cocoa Beach. Upstairs, two fully furnished, luxury vacation rentals, each boasting two bedrooms and two bathrooms, provide substantial rental income. These units feature open floor plans, spacious balconies, and include kitchens, dining areas, living rooms, and laundry facilities. One unit offers a partial ocean view. The property's proximity to the beach (one block away) and an adjacent city parking lot enhances its appeal and accessibility. This unique blend of commercial and residential space offers significant potential for growth and return on investment in a highly desirable Florida location. The asking price is $2,150,000.

    Property Features for 157 Orlando Ave

    General Information

    Property type
    Land

    Building Details

    Year Built
    1992
    Stories
    2
    Units
    4

    HighLights

    • Mixed‑use property at 157 N Orlando Ave, Cocoa Beach, FL 32931.
    • 8,276.4 sq ft lot with a 4‑unit, two‑story building (built 1992, renovated 2018).
    • Two ground‑floor retail spaces in high‑traffic Downtown Cocoa Beach location.
    • Two furnished, 2 bed/2 bath luxury vacation rentals upstairs, offering substantial rental income.
    • One block from the beach with adjacent city parking.
    • Asking price: $2,150,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    YogaBliss Physical Fitness Program Oasis Shaved Ice Dessert Shop Equilibrium Movement Yoga Studio

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Cocoa Beach
    County
    Brevard
    State
    Florida
    Longitude
    -80.6096604
    Latitude
    28.3215184

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    FAQs

    What type of property is this?
    Land - Prime location, 4-unit building, high ROI.
    Where is this land located?
    The property is located at 157 Orlando Ave Cocoa Beach, FL.
    What is the asking price?
    The asking price for this property is $2,150,000.
    What are key features of this property?
    This property features: Mixed-use property at 157 N Orlando Ave, Cocoa Beach, FL 32931.; 8,276.4 sq ft lot with a 4-unit, two-story building (built 1992, renovated 2018).; Two ground-floor retail spaces in high-traffic Downtown Cocoa Beach location.
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    157 Orlando Ave Cocoa Beach, FL 32931
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    Cocoa Beach, FL 32931
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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
    157 Orlando Ave Cocoa Beach, FL 32931
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