2464 Atlantic Ave Cocoa Beach, FL 32931-2276
- Turn key restaurants
- 2,356 SF
- 0.13 lot acres
Current Use by Public Records
- The Fat Snook / Southern Restaurant (Us) / Seafood Restaurant
Property Details for 2464 Atlantic Ave
- Year built
- 1958
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.13 lot acres
- Property size
- 2,356 SF
- Zone code
- BU-1-A
- Property type
- Turn key restaurants
- APN
- 25-37-26-50-0000B.0-0027.00
- APU
- 253726500000B0002700
Description
This exceptional investment opportunity presents a rare chance to acquire a highly successful retail property located at 2464 S Atlantic Avenue in the desirable South Cocoa Beach area of Brevard County, Florida. The property, built in 1958, sits on a 5,662.8 square foot lot and features a single retail unit currently occupied by a long-term, well-established tenant under a triple net lease. This ensures a consistent income stream for the investor. The tenant operates a renowned restaurant known for its casual elegance, fresh Florida cuisine, extensive wine list, and exceptional service, making it a local favorite and a respected establishment within the restaurant community. The property's prime beachside location contributes significantly to its success. This is a real estate sale only; the business itself is not included in the sale. The asking price for this exceptional investment property is $932,500. Serious inquiries only, please. Further details are available upon request for qualified buyers.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $725,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $740,000
- 6.5%
- $655,000
- 7%
- $715,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $800,000
- Geo Method
- $670,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $625,000
- Retail
- $605,000
- Mixed-Use
- $780,000
- Hospitality
- $710,000
- Educational
- $600,000
- Residential Income
- $760,000
- Energy
- $760,000
- Income-Based Land
- $680,000
- Food Service
- $760,000
Location Insight
- Map
- Local Demand
- City
- Cocoa Beach
- County
- Brevard
- State
- Florida
- Longitude
- -80.6077
- Latitude
- 28.2818
- CBSA code
- 37340
- CBSA name
- PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
