000 Atlantic Ave, Cape Canaveral, FL 32920
This exceptional 1.85-acre commercial property in Cape Canaveral, Florida, presents a rare development opportunity. Located at 000 N Atlantic Avenue, zip code 32920, this expansive lot encompasses 73,840 square feet and boasts over 200 feet of street frontage, ensuring excellent visibility and accessibility. Currently zoned C-1 commercial, the property offers flexibility, with the potential for rezoning to R-2 residential. The strategic location provides proximity to key amenities, including the port, abundant shopping options, Cape View school, and the beach, all within walking distance. This property is being sold in conjunction with an adjacent lot (tax ID # 2444228), totaling 1.85 acres and is not divisible. Given the scarcity of buildable land in this desirable area, this presents a unique chance to construct a new commercial development or explore residential possibilities. The asking price is $1,150,000. A drive-by is highly recommended to fully appreciate the location and potential. Don't miss this chance to secure a prime piece of Cape Canaveral real estate.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.