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Property profile

2006 Washington Ave Titusville, FL 32780

OFF-MARKET
Motels
Property ID
US18-5290052
View Sample
6,704 SF 0.31 ac lot Built 1963
Entity Owned 1-yr Hold Free & Clear

Property summary

AI-generated overview

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

Verified
Property type Motels
Use group MOTEL
Year built 1963
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,704 SF
Lot 0.31 ac (13,504 SF)
Zoning code T
APN 22-35-10-01-00000.0-0064.00
UPID US18-5290052

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
  • Hotel & Motel

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$950k
CAP Approach CAP
$930k
Comparable Approach Comparable
$950k
Blend (final) Blend
$950k

Owner & transaction history

since 2024
Last sale
$950,000
7 recorded transactions
2024
$950,000
2024
Price N/A
2013
Price N/A
2013
$200,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

T · Titusville, FL
Zoning description

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…

General category UNKNOWN

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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