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Property profile & analytics
FOR LEASE
Strip malls

2959 Garden St Titusville, FL 32796

22,886 SF 2.67 ac lot Built 1966
Individually Owned Free & Clear
Property ID
US18-5100140
Property summary
AI-generated overview

This exceptional retail opportunity encompasses 5,865 square feet of vacant space within a larger 21,376 square foot multi-tenant building situated at 2959 Garden Street in Titusville, Florida. The property boasts a highly desirable location directly on Highway 50/Garden Street, a key retail corridor in Northwest Titusville. Its strategic placement ensures maximum visibility and accessibility for potential customers. The building, constructed in 1966, benefits from its proximity to a newly expanded Publix Shopping Center (St. Johns Plaza) and a Walgreens, creating a synergistic retail environment with strong anchor tenants. This prime location offers significant foot traffic and exposure to a substantial customer base. The property sits on a 2.67-acre lot and is zoned RC. The building itself features two suites in total, with the available space representing a significant portion of the building's total square footage. While there are no elevators, the storefront configuration is ideal for a variety of retail uses. The minimum divisible space is 5,865 square feet, making it suitable for a single large tenant or potentially divisible for smaller businesses (subject to lease terms). This presents a rare chance to establish a thriving business in a high-demand retail area.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1966
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 22,886 SF
Lot 2.67 ac (116,305 SF)
Zoning code RC
APN 21-35-32-00-00512.0-0000.00
UPID US18-5100140
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
  • Harbor Freight Tools Building Supply Hardware & Home Improvement
  • KeyExpress Locksmiths Locksmith (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.53M
Blend (final) Blend
$2.26M
Owner & transaction history
MERWALALL
MERWALALL
Zoning & alternative use
RC · Titusville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The Regional Commercial (RC) district is intended to provide for intensive, highly automotive oriented uses that require an accessible location along thoroughfares designated as arterials in the comprehensive plan and these regulations. These districts provide a wide range of goods and services of both a convenience and desirable nature to shoppers. RC distr…

Zone name Regional Commercial
General category COMMERCIAL
Zone area 244.39 ac
Source Realmo
Top alternative use upside
Medical building $3.6M +12.7%
Office building $3.3M +3.8%
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