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625 629 Cocoa, FL 32922

OFF-MARKET Retail properties & Spaces Google Maps
3,978 SF 0.38 ac lot Built 1951
Estimated value
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Property ID

Property summary

AI-generated overview

This exceptional 3,978 square foot retail property, located at 625 Brevard Avenue, Units 627 & 629 in Cocoa, Florida, presents a unique investment opportunity in the heart of Cocoa Village. Boasting prime frontage on Brevard Avenue, this space offers unparalleled visibility and accessibility. The property features attractive glass storefront offices ideal for showcasing merchandise or services, complemented by ample on-site parking for customers and employees. The layout includes a large front area, conveniently situated bathrooms, and substantial storage space in the rear. This versatile space is perfect for a variety of retail businesses seeking a high-traffic location within a thriving community. The 0.38-acre lot offers significant potential for future development. The site is already zoned for a range of uses, including office space, hotel, assisted living facility (ALF), and other possibilities, with entitlements already completed. Development plans have been explored, indicating potential for up to 77 ALF beds or 48 hotel units, in addition to condo apartments, showcasing the property's significant long-term growth potential. This is an exceptional opportunity to establish a business in a vibrant and growing area, or to capitalize on the significant future development possibilities. The asking price is $1,450,000.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1951
Total area 3,978 SF
Lot 0.38 ac (16,553 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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