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157 Orlando Ave Cocoa Beach, FL 32931

Mixed-use properties Google Maps
Built 1992
Individually Owned 5-yr Hold
No photos on file
For Sale
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157 Orlando Ave, Cocoa Beach, FL 32931
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Estimated value
No estimation on file for this property yet.
Property ID US18-2120739

Property summary

AI-generated overview

This exceptional mixed-use property, located at 157 N Orlando Avenue in Cocoa Beach, Florida (zip code 32931), presents a lucrative investment opportunity. The 8,276.4 square foot lot houses a two-story, 1992-built building, effectively renovated in 2018, offering a total of 4 units. The building features two ground-floor retail spaces ideal for a variety of businesses, capitalizing on the high foot traffic of Downtown Cocoa Beach. Upstairs, two fully furnished, luxury vacation rentals, each boasting two bedrooms and two bathrooms, provide substantial rental income. These units feature open floor plans, spacious balconies, and include kitchens, dining areas, living rooms, and laundry facilities. One unit offers a partial ocean view. The property's proximity to the beach (one block away) and an adjacent city parking lot enhances its appeal and accessibility. This unique blend of commercial and residential space offers significant potential for growth and return on investment in a highly desirable Florida location. The asking price is $2,150,000.

Property profile

Verified
Property type Mixed-use properties
Year built 1992
UPID US18-2120739

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center
  • Bakery Take-out & Catering
  • Gym & Fitness Center

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2021
4 recorded transactions
2021
Price N/A
2021
$1.4M
2018
Price N/A
2017
$390,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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