1015 Gdn St Titusville, FL 32796-3306
- Strip malls
- 8,077 SF
- 0.46 lot acres
Current Use by Public Records
- Remax Aerospace Realty / Real Estate Agency
- Jaime Hill @surfside property and management / Real Estate Agent
- Clara Squires RE/MAX AEROSPACE REALTY / Real Estate Agent
- MARJIE TOBIN | REALTOR | TITUSVILLE / Real Estate Agent
- Margaret Reynolds, Realtor with Celebrate Re/Max Aerospace / Real Estate Agency / Real Estate Agent
Property Details for 1015 Gdn St
- Year built
- 1966
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.46 lot acres
- Property size
- 8,077 SF
- Zone code
- M1
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 22-35-04-AU-00034.0-0008.00
- APU
- 223504AU000340000800
Description
This exceptional 7,092 square foot shopping center, situated on a 0.46-acre lot at 1015 Garden Street in Titusville, Florida (zip code 32796), presents a compelling investment opportunity. Built in 1982 and renovated in 2017, this single-story building comprises four retail units, offering 7,000 square feet of net rentable space. Currently, three units are occupied by strong tenants, with one unit available for lease, presenting immediate value-add potential. The property benefits from its location on the highly trafficked Garden Street (Route 406), adjacent to downtown Titusville. Titusville's robust economic growth, fueled by the thriving space industry, creates a favorable market for this retail center. The property offers a 6.6% pro forma cap rate, with significant upside potential due to below-market rents, making it an excellent choice for investors seeking strong returns. This property is also well-suited for a 1031 exchange. The property includes four gas pumps.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,005,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,020,000
- 6.5%
- $995,000
- 7%
- $1,005,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $880,000
- Geo Method
- $1,025,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $920,000
- Retail
- $990,000
- Mixed-Use
- $810,000
- Hospitality
- $965,000
- Educational
- $900,000
- Residential Income
- $735,000
- Energy
- $935,000
- Income-Based Land
- $1,000,000
- Food Service
- $845,000
Location Insight
- Map
- Local Demand
- City
- Titusville
- County
- Brevard
- State
- Florida
- Longitude
- -80.8153
- Latitude
- 28.6152
- CBSA code
- 37340
- CBSA name
- PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
