161 S Shepard Dr Cocoa Beach, FL 32931
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 161 S Shepard Dr
- Property type
- Small apartment buildings
Description
This exceptional 15,682 square foot commercial property, located at 161 S Shepard Drive in Cocoa Beach, Florida (zip code 32931), presents a unique investment opportunity. Priced at $719,000, this land offers versatile zoning within the Gateway Redevelopment District, allowing for a variety of uses. The property is zoned for multifamily dwellings, professional businesses, bed and breakfasts, retail stores and services, pet care facilities (excluding boarding), tattoo studios, and even drive-through facilities. Its prime location in the heart of Cocoa Beach provides easy access to the Atlantic Ocean and its vibrant atmosphere, while simultaneously offering a secluded feel near beautiful riverfront homes. The property's size and zoning flexibility make it ideal for developers seeking to create a thriving commercial or residential project. The existing land provides a blank canvas for a creative vision, allowing for the construction of a truly unique and profitable venture in this desirable coastal Florida location. This is a rare chance to acquire a substantial parcel of land in a high-demand area with significant potential for future growth and return on investment. The property's proximity to the ocean and its diverse zoning options make it an attractive proposition for a wide range of commercial and residential developments.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cocoa Beach
- County
- Brevard
- State
- Florida
- Longitude
- -80.608088
- Latitude
- 28.368219
