105-113 Brevard Ave Cocoa, FL 32922

Built 1923

Property ID

US18-Q024729

$2,900,000

105-113 Brevard Ave, Cocoa, FL 32922
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105–113 Brevard Avenue is an 85% occupied, multi-tenant retail property located in the heart of Historic Downtown Cocoa. The building totals 16,976 SF and sits on a 0.29-acre lot, comprised of six retail units with five in-place tenants, providing immediate and meaningful upside through lease-up of the vacant space. - 85% occupancy across six units with long-term leases in place ensuring stable and predictable income. - All leases are NNN shifting responsibility for taxes insurance and common area maintenance to tenants maximizing investor returns. - Situated on historic Brevard Avenue the asset benefits from strong foot traffic proximity to Cocoa Riverfront Park and nearby civic institutions like the Central Brevard Library and Historic Cocoa Village. - Over 95,000 residents live within a 5-mile radius with an average household income of $95,214—supporting ongoing retail demand. - Market base rents projected to grow with annual escalations increasing NOI steadily through the 5-year cash flow forecast. - Originally built in 1923 the building delivers architectural charm with modern tenant utility and usability across 16,976 SF. - Sited on a 0.29-acre lot the property maximizes land use efficiency while maintaining strong street visibility. Attractive annual rent increases ranging from 4-6% provide built-in income growth and strong inflation protection.