801 Dixon Blvd Cocoa, FL 32922

Property Details for 801 Dixon Blvd

Year built

1958

Lot size

20.01 lot acres

Property size

205,127 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

Byrd Plaza, a 205,127 square foot shopping center in Cocoa, Florida, presents a compelling value-add opportunity. This multi-tenant property, built in 1958 and situated on over 20 acres, boasts a strong existing revenue stream anchored by national tenants including Big Lots, Tractor Supply Company, Dollar General, Rent A Center, Citi Trends, and Subway. The property enjoys a prime location in Brevard County, fronting both Dixon Boulevard and US-1, a major north-south artery providing easy access to Merritt Island, Cocoa Beach, and Interstate 95. Additional access is provided via SR 520 and SR 528, offering convenient connections to Port Canaveral and Interstate 95. The center benefits from its proximity to Eastern Florida State College (approximately one mile away), with a student population of 25,000. Ample parking is available with over 1,200 spaces. The property is zoned CP Commercial City of Cocoa. Financial information, including a total yearly income of $851,541.72, total yearly expenses of $338,756.16, and a net operating income (NOI) of $512,785.56, is available upon request. The asking price is $10,500,000, representing a price per square foot of $51.19. Outparcel development opportunities exist, further enhancing the investment potential. The property is conveniently located within 20-25 minutes of Kennedy Space Center and Orlando/Melbourne International Airport, and approximately 45 minutes to 1 hour from Orlando International Airport.