1122 Lake Dr Cocoa, FL 32922

This 5,323 square foot shopping center in Cocoa, Florida presents a compelling value-add investment opportunity. Located at 1122 Lake Drive, this single-story, 1960-built property underwent renovations in 2005. The property features eight individual retail units, currently operating under a gross lease structure, offering a multi-tenant occupancy. The 0.21-acre lot is zoned B, providing flexibility for future development. With a total of 5,323 net rentable square feet, the asking price is $695,000, translating to $130.57 per square foot. The property's diverse unit sizes cater to a variety of tenants, enhancing investment stability and offering significant upside potential. This Class C property is an owner-user investment opportunity in a growing area of Brevard County, Florida, with the potential for increased rental income and property appreciation. The property's location in Cocoa, FL (zip code 32922) provides convenient access to local amenities and a growing population. The APN is 24-36-32-03-*-15.01. This is a rare opportunity to acquire a well-located, multi-tenant retail property with significant potential for growth.