1301 Washington Ave Titusville, FL 32780-4260
Property profile & analytics
1301 Washington Ave Titusville, FL 32780-4260
- Motels
- 4,035 SF
- 0.26 lot acres
Property ID
US18-4043132
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Twin Palms Motel / Hotel & Motel
- House of Creative Enrichment and Fulfillment / Tutoring Service
Property Details for 1301 Washington Ave
- Year built
- 1955
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.26 lot acres
- Property size
- 4,035 SF
- Zone code
- T
- Property type
- Motels
- APN
- 22-35-10-25-00004.0-0001.00
- APU
- 9223372036854775807
Description
This exceptional investment opportunity presents a meticulously maintained 10-key motel in Titusville, Florida, boasting a strong 90% occupancy rate averaging $400 per week. Situated on a 0.26-acre lot at 1301 S Washington Ave, 32780, this property includes two buildings totaling 4,035 square feet, constructed in 1955 and zoned for Motor Inn use. The motel features eight themed guest rooms, a manager's apartment, an office, coin-operated laundry facilities, and housekeeper storage. A separate, single-family home on a contiguous parcel, currently rented for $2,000 per month, is also included. The property benefits from a brick paver parking lot (one space per unit), attractive landscaping, and patio seating. Additional income is generated from on-site laundry and vending machines, averaging $50-$75 weekly. The property enjoys a prime location near downtown Titusville, offering proximity to the river, SpaceX launch views, Playalinda Beach, and local amenities. The pro-forma NOI is $130,000, representing an 11.06% cap rate. The asking price is $1,175,000 ($117,500 per key and $291.20 per square foot). Seller financing is available for qualified buyers with a 30% down payment. This turnkey operation provides immediate income generation and significant potential for future growth.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,145,000
- ML approach
- $1,110,000
-
Alternative Use
- Use
- Estimation
- HOTEL/MOTEL
- $1,000,000 Current use
- COMMERCIAL (GENERAL)
- $955,000 Change: -4% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $840,000 Change: -16% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Titusville
- County
- Brevard
- State
- Florida
- Longitude
- -80.8074
- Latitude
- 28.6006
- CBSA code
- 37340
- CBSA name
- PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,910
$49,720
$294,810
$344,530
-
$49,720
$294,810
$344,530
