Property summary
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
VerifiedCap rate & NOI
Current use
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Gym & Fitness Center
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Bakery Take-out & Catering
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Gym & Fitness Center
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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