Current Use by Public Records
- Warehouses
Property Details for 3650 Us-1
- Year built
- 1987
- Lot size
- 1.70 lot acres
- Property type
- Warehouses
- Property subtype
- Retail properties & Spaces
Description
This exceptional 24,000-square-foot flex space, located at 3650 US-1 in Cocoa, Florida (32926), presents a compelling investment opportunity for owner-users or value-add investors. The property, built in 1987 and renovated in 2020, sits on a 1.7-acre lot and boasts a Class B designation. The single-story building features a blend of showroom, air-conditioned offices, and flexible space, complemented by a 6,000-square-foot warehouse addition. Ceiling heights range from 14 to 16 feet. The property is currently vacant, offering immediate occupancy. Its strategic location provides direct frontage on US Highway 1, with convenient access to major transportation arteries like State Road 528 and 520, ensuring proximity to Port Canaveral, Titusville, Cocoa Village, and Orlando. The asking price is $3,200,000, translating to $133.33 per square foot. The pro-forma NOI is $288,000, projecting a 9.00% cap rate. The property is zoned BU-2 and has a Brevard County APN of 24-36-08-00-278. This is a rare opportunity to acquire a well-positioned, versatile industrial/retail property in a thriving Florida market.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cocoa
- County
- Brevard
- State
- Florida
- Longitude
- -80.755
- Latitude
- 28.414
