1552 King St Cocoa, FL 32926-5120
- Turn key restaurants
- 7,286 SF
- 1.37 lot acres
Current Use by Public Records
- Kay's Real Pit Bar-B-Q / Barbecue Restaurant
- Chapter FL2-N / Association Or Organization
Property Details for 1552 King St
- Year built
- 1980
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.37 lot acres
- Property size
- 7,286 SF
- Property type
- Turn key restaurants
- APN
- 24-36-31-00-00076.0-0000.00
- APU
- 9223372036854775807
Description
This exceptional commercial property, located at 1552 W King Street in Cocoa, Florida, presents a lucrative investment opportunity. The property, encompassing a substantial 59,677.2 square feet lot, features a well-established restaurant building constructed in 1980. The single-unit structure is ideally situated on a major thoroughfare in a prime location near residential areas, ensuring high visibility and consistent foot traffic. Its proximity to I-95 provides easy access for customers and employees alike. The asking price for this turnkey retail and land opportunity is $4,900,000. This presents a rare chance to acquire a thriving business in a high-demand area of Brevard County. The property's size and location make it suitable for a variety of commercial uses, offering significant potential for future growth and development. The existing restaurant provides a solid foundation for immediate income generation, while the expansive lot allows for potential expansion or redevelopment. This is an excellent investment for both private buyers and investors seeking a strong return on their investment in a desirable Florida location. The property's zip code is 32926. The coordinates are 28.3562465 latitude and -80.7565503 longitude.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $335,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $395,000
- 6.5%
- $450,000
- 7%
- $450,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $360,000
- Geo Method
- $425,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $365,000
- Retail
- $455,000
- Mixed-Use
- $405,000
- Hospitality
- $375,000
- Educational
- $360,000
- Residential Income
- $365,000
- Energy
- $355,000
- Income-Based Land
- $415,000
- Food Service
- $380,000
Location Insight
- Map
- Local Demand
- City
- Cocoa
- County
- Brevard
- State
- Florida
- Longitude
- -80.7567
- Latitude
- 28.3562
- CBSA code
- 37340
- CBSA name
- PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA