8801 Astronaut Blvd, Cape Canaveral, FL 32920
This exceptional 5-acre commercial property at 8801 Astronaut Boulevard, Cape Canaveral, FL 32920, presents a unique retail investment opportunity. Zoned C1, this single-tenant property boasts a substantial 9,208 square foot building situated on a prime corner lot with significant frontage on Astronaut Boulevard (460 feet) and Central Avenue (500+ feet). The property is part of the Wave Village Project, Phase 2, and benefits from its strategic location—the first traffic light from Orlando. This location offers unparalleled visibility and accessibility. The property's existing tenants include Beach Wave Beachwear and Zarrella's Italian Restaurant. Seven individual retail rental spaces, ranging from 1300 to 1348 square feet each, are available. There's flexibility to combine multiple units for larger space requirements. Furthermore, the development plan includes short-term, condo-style, fully furnished living spaces and a food hall above the retail spaces. The property's proximity to Port Canaveral, Exploration Tower, Jetty Park, four cruise lines, and over 200 businesses (marinas, restaurants, retail, charter boats, and a casino ship) ensures high foot traffic and a robust customer base. The APN is 24-37-15-00-00817.0-0000.00. This is an unparalleled chance to establish a thriving business in a dynamic and rapidly growing area.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.