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    Land

    650 Friday Rd, Cocoa, FL 32926

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    AI-generated overview

    This 10,890 square foot commercial lot in Cocoa, Florida, presents a unique investment opportunity. Located at 650 Friday Road, 32926, this property is zoned BU-1, offering numerous commercial development possibilities. However, building approval requires a minimum of 300 square feet for any commercial use. The lot features setbacks of 15 feet from the south and 5 feet from the north property line. To meet building requirements, construction must extend at least 300 square feet upward. The property boasts a convenient location, just one mile from I-95 and half a mile from SR 520. An adjacent professional office building provides context for the area. Utilities including electricity, water, and sewer are readily accessible. Site preparation will be required, including clearing the land and adding a culvert. Further details on BU-1 zoning regulations, which prohibit open storage, commercial vehicles, tow trucks, and vehicle storage, are available at municode.com. This is a fantastic opportunity for developers seeking a well-located commercial parcel in a thriving area. The asking price is $98,500.

    Property profile
    Verified
    Property type Land
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
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    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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