3751 Highway 1 Cocoa, FL 32926
- Mixed-use properties
- 672 SF
- 31.98 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 3751 Highway 1
- Year built
- 1997
- Lot size
- 31.98 lot acres
- Property size
- 672 SF
- Property type
- Mixed-use properties
Description
This exceptional investment opportunity presents a thriving, family-owned cemetery spanning over 30 acres in Cocoa, Florida. The property, located at 3751 N Highway 1, encompasses 672 square feet of mixed-use buildings on a 31.98-acre lot. Currently operating as a licensed and dedicated perpetual care cemetery, it boasts over 15 acres of available grave sites and includes all necessary equipment for continued operation. A portion of each plot sale is placed in a trust fund, ensuring ongoing maintenance of the well-maintained memorial space. The property's zoning is primarily Institutional Use, with a smaller section designated BU-2 Commercial, opening possibilities for expansion. A significant advantage is the potential to construct an on-site crematorium and funeral home, further enhancing revenue streams. Recent upgrades have been implemented to boost sales and profitability, contributing to the consistent, reliable income generated over its 30+ year history. The seller is open to financing options, requiring a 20% to 25% down payment. This presents a rare chance to acquire a well-established business with substantial growth potential in a desirable location. High and dry grounds ensure ease of maintenance and operation.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cocoa
- County
- Brevard
- State
- Florida
- Longitude
- -80.7593
- Latitude
- 28.4187
