Property summary
This exceptional investment opportunity presents a unique 0.31-acre commercial property located at 2006 Washington Avenue in Titusville, Florida, 32780. The property, a charming mid-century motor court, boasts 15 well-appointed rooms, including three full guest suites on the second floor. One suite features a private entrance and courtyard, and two rooms are designed for double occupancy. Significant recent improvements exceeding $60,000 have been made, encompassing a new metal roof, exterior paint, window replacements, tankless water heaters, a security camera system, an upgraded electrical panel, combination door locks, custom tropical-design railings and stairs, and new paver walkways and patios. The property also includes an on-site coin-operated laundry and a maid's storage room. An approximately 800-square-foot private apartment on the second floor offers a river view and features a full kitchen, living room, dining area, a spacious bedroom with an ensuite bathroom, and ample closet space. The property's prime location on US Highway 1 ensures high visibility and access to both local and tourist traffic. National brand shopping, restaurants, and a movie theater are within a half-mile radius, and numerous locally owned businesses are within one mile. The asking price for this remarkable property is $1,250,000.
Property profile
VerifiedCap rate & NOI
Current use
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Hotel & Motel
Value estimations
Owner & transaction history
Zoning & alternative use
The Tourist (T) district is intended to provide the motoring public, transient and tourist populations with localized areas convenient to arterial streets. It is further intended that goods and services combined with saf…
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
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
T · Titusville, FLThe Tourist (T) district is intended to provide the motoring public, transient and tourist populations with localized areas convenient to arterial streets. It is further intended that goods and services combined with saf…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for T in Titusville, FL.
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Find the owner behind the property.
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