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Property profile & analytics
FOR SALE
Retail space

3405 S Washington Ave Titusville, FL 32780

5,635 SF 0.7 ac lot Built 2010
Individually Owned 7-yr Hold ~ Est. High Equity
Property ID
US18-9880889
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2010
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,635 SF
Lot 0.7 ac (30,492 SF)
Zoning code SMU
APN 22-35-15-06-00004.0-0001.00
UPID US18-9880889
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.00M
Comparable Approach Comparable
$782k
Blend (final) Blend
$780k
Owner & transaction history
Thomas A Altif · 7 yrs held
Thomas A Altif
since 2018
7 recorded transactions
2018
$850,000
2009
$475,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
SMU · Titusville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.2M +60.6%
Office building $970,000 +32.8%
Medical building $875,000 +19.6%
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