3405 S Washington Ave Titusville, FL 32780
For Sale
1 / 65
This exceptional mixed-use property, located at 3405 S Washington Avenue in Titusville, Florida, presents a unique investment opportunity. The 2010-built, two-story concrete block and metal building boasts over 6,000 square feet of versatile space, encompassing offices, a showroom, a mezzanine, and warehouse facilities. Situated on a substantial 0.70-acre lot (30,492 sq ft), this property enjoys a prime waterfront location directly on US1 and the Indian River. Key features include a well-maintained private dock, a boat lift, and a newer seawall, enhancing its appeal for businesses requiring water access. The property also includes a partially fenced area and an additional 0.3+ acres of cleared land, providing ample space for future expansion, potentially accommodating a second building. Internal features include a dedicated mechanical room, updated HVAC systems, a wiring closet, and upgraded electrical infrastructure, ensuring efficient and modern operation. The asking price for this remarkable property is $2,200,000. This is a rare opportunity to acquire a well-maintained, versatile commercial property with significant waterfront access and expansion potential in a desirable Florida location. The property's zip code is 32780, and it is located in Brevard County.
The Shoreline Mixed-Use (SMU) district is designed as a special district to protect the substantial public interest of the Indian River or Washington Avenue corridor. it is the intent of the district to encourage and enhance a mix of residential, public or semi-public uses, tourist use, commercial uses, public and private recreational uses including wet dock…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
SMU · Titusville, FLThe Shoreline Mixed-Use (SMU) district is designed as a special district to protect the substantial public interest of the Indian River or Washington Avenue corridor. it is the intent of the district to encourage and enhance a mix of residential, public or semi-public uses, tourist use, commercial uses, public and private recreational uses including wet docking and boat shops are promoted. Marine service activities are prohibited. It is further intended that careful treatment of the visual environment and principal views of the public be considered when development is undertaken. This district shall be in accord with and promote the purposes set forth in the Comprehensive Plan.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
