3798 Washington Ave Titusville, FL 32780
- Shopping centers
- 0.54 lot acres
Current Use by Public Records
- Shopping centers
Property Details for 3798 Washington Ave
- Lot size
- 0.54 lot acres
- Property type
- Shopping centers
- Property subtype
- Specialty properties
- APN
- 22-35-22-01-00000.0-0001.05
- APU
- 9223372036854775807
Description
This exceptional 0.54-acre commercial land lease in Titusville, Florida, offers unparalleled visibility and accessibility. Situated on US-1, it boasts a remarkable 28,000 average annual daily traffic count, ensuring maximum exposure for your business. The property features stunning views of the Indian River and the Space Center, creating a desirable and unique location. Zoned CC, this vacant land presents a blank canvas for various commercial or retail developments. A conceptual site plan is available for review, providing inspiration for potential uses. The flat-rate monthly ground lease is priced at $5,000. This represents a rare opportunity to establish a strong presence in a thriving riverfront community with high traffic volume. The property is also available for purchase at $510,000. Don't miss this chance to secure a strategic location in this vibrant area. This is a single-tenancy property.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $255,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $220,000
- 6.5%
- $225,000
- 7%
- $200,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $210,000
- Geo Method
- $220,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $220,000
- Retail
- $240,000
- Mixed-Use
- $245,000
- Hospitality
- $245,000
- Educational
- $225,000
- Residential Income
- $195,000
- Energy
- $230,000
- Income-Based Land
- $240,000
- Food Service
- $240,000
Location Insight
- Map
- Local Demand
- City
- Titusville
- County
- Brevard
- State
- Florida
- Longitude
- -80.7987
- Latitude
- 28.5701
- CBSA code
- 37340
- CBSA name
- PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
