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Property profile & analytics
FOR LEASE
Industrial properties

219 Indian River Ave Titusville, FL 32796

19,870 SF 2.13 ac lot Built 1962
Individually Owned 18-yr Hold ~ Est. High Equity
Property ID
US18-2486966
Property summary
AI-generated overview

This exceptional 7,789 square foot, Class C office space is located on the Indian River in downtown Titusville, Florida. Boasting direct waterfront views, including spectacular rocket launches and sunrises, this single-tenant property offers endless possibilities. The 15,578 total square foot building, situated on 2.13 acres, is zoned CBD and was built in 1963. The space is currently available for lease at $12.75 per square foot, NNN, with additional costs of $7.43 per square foot covering prorated electric, water, sewer, property taxes, and insurance. Its prime location offers easy access to the vibrant downtown area, with its numerous shops and restaurants. This thriving location is further enhanced by significant upcoming developments, including the addition of 410 luxury apartments at Horizon/Sandpoint and 21 modern apartments with renovated retail spaces at 300 S. Washington Ave. The property is also available for purchase at $3,250,000. This unique opportunity combines stunning waterfront views with the energy of a revitalized downtown area, making it ideal for a variety of businesses. The property's address is 219 Indian River Ave, Titusville, FL 32796, in Brevard County.

Property profile
Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built 1962
Construction CONCRETE
Total area 19,870 SF
Lot 2.13 ac (92,783 SF)
Zoning code CBD
APN 22-35-03-00-00001.0-0000.00
UPID US18-2486966
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Wells Fargo Advisors Financial Advisor
  • David Boland, Inc. Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.68M
Blend (final) Blend
$2.47M
Owner & transaction history
First States Investors Hfs · 18 yrs held
First States Investors Hfs
since 2008
2 recorded transactions
2008
Price N/A
2004
$731,400
Zoning & alternative use
CBD · Titusville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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