1122 Lk Dr Ste A Cocoa, FL 32922-8682

Property Details for 1122 Lk Dr Ste A

Year built

1960

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.21 lot acres

Property size

2,140 SF

Zone code

CW

Property type

Strip malls

Property subtype

Neighborhood centers

APN

24-36-32-03-00000.0-0015.01

APU

9223372036854775807

Description

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.

Location Insight

City

Cocoa

County

Brevard

State

Florida

Longitude

-80.7457

Latitude

28.3569

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments