45 Atlantic AveCocoa Beach, FL 32931

Property Details for 45 Atlantic Ave

Year built

1962

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.05 AC

Property size (Sq ft)

799 SF

Property type

Office properties

Property subtype

Other office properties

APN

25-37-14-DD-00001.0-0007.08

APU

253714DD000010000708

Description

This exceptional 1100-square-foot commercial space is ideally situated in the heart of Cocoa Beach, Florida, at 45 S Atlantic Avenue, zip code 32931. The single-tenant property is a ground-floor unit within a one-story building and offers a versatile layout perfect for a variety of businesses. The interior features three distinct office spaces, providing ample room for individual work or team collaboration. A dedicated library/meeting room offers a quiet space for focused work or client meetings, while a private bathroom adds to the convenience and privacy. Brand new carpeting will soon be installed throughout the space, enhancing its modern appeal. One designated parking space is included, ensuring easy access for employees and clients. The property's location in the bustling downtown area provides excellent visibility and accessibility, with nearby restaurants and shops offering added convenience. Lease terms are competitive and flexible, making this an attractive opportunity for businesses of all sizes. Note that a 7% business tax is applicable to the tenant. This is a fantastic chance to establish or expand your business in a thriving Cocoa Beach location.

• CAP approach

  CAP return

  Valuation

  6%

  $207,605

  6.5%

  $191,636

  7%

  $177,947

• Comparable approach

  Method

  Valuation

  Relative Method

  $130,098

  Geo Method

  $125,467

• Alternative Use

  Use

  Valuation

  Residential

  $237,628

  Hospitality

  $217,666

  Educational

  $181,096

  Medical

  $187,324

  Retail

  $281,704

Location Insight

City

Cocoa Beach

County

Brevard

State

Florida

Latitude

28.3174

Longitude

-80.6086

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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