King 12291231 St Cocoa, FL 32922

Property Details for King 12291231 St

Year built

1963

Lot size

0.51 lot acres

Property type

Commercial real estate

Description

This exceptional commercial property in Cocoa, Florida, presents a unique investment opportunity encompassing three tax parcels (2424549, 2424542, and 2443422) totaling 0.51 acres. The property includes two buildings, offering flexibility for various uses. The rear building is currently under a five-year lease at $2,000 per month plus sales tax, providing immediate rental income. The front building is rented on a month-to-month basis, allowing for immediate occupancy by an owner-user or the negotiation of a new lease with the existing tenant. The property boasts a highly visible location, maximizing exposure for any business. A significant advantage is the inclusion of easement rights across parcel 2461749. The buildings' configuration presents a potential for redevelopment, with the possibility of creating four separate units, each featuring two bathrooms. This versatile property is ideal for investors seeking a strong return on investment or owner-occupants looking for a high-profile location. The asking price is $489,900. Serious inquiries are encouraged.

Location Insight

City

Cocoa

County

Brevard

State

Florida

Longitude

-80.7328

Latitude

28.3557