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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

304 Florida A1A Satellite Beach, FL 32937

2,291 SF 0.68 ac lot Built 1965
Property ID
Property summary
AI-generated overview

This exceptional 2,291 sq ft mixed-use property, located at 304 Florida A1A in Satellite Beach, FL 32937, presents a lucrative investment opportunity. Currently operating as a 100% occupied auto shop, this single-story, 1965-built building sits on a 0.68-acre lot zoned BU1, allowing for diverse commercial uses including retail stores, professional offices, hotels, and motels. The property benefits from a high-traffic location on A1A, with over 28,000 cars passing daily, attracting both local residents and tourists. Satellite Beach boasts a strong economy driven by aerospace, engineering, and tourism, with an average household income exceeding $110,000. The property's prime location near Port Canaveral and major employers like Lockheed Martin, Boeing, and SpaceX ensures a robust customer base. Environmental studies and a site assessment report (SAR) with NFAP (No Further Action Proposed) are complete and available upon request. The asking price is $1,285,000. The sale is AS-IS; furniture, equipment, merchandise, and a commercial freezer do not convey. The seller requires a parking lease-back. This is a rare chance to acquire a well-situated commercial property in a thriving coastal market.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1965
Total area 2,291 SF
Lot 0.68 ac (29,621 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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