Property profile

3408 Park Ave Titusville, FL 32780

OFF-MARKET
Strip malls
Property ID
US18-5917010
3,963 SF 0.27 ac lot Built 1966
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional mixed-use commercial property, located at 3408 S Park Avenue in Titusville, Florida, presents a compelling investment opportunity. The 11,761.2 square foot lot houses a single-story, 1966-built building featuring three distinct suites, each currently configured for a specific business type. Suite A, a salon, is ideally suited for beauty professionals. Suite B, with its check-in window and separate rooms, is perfect for massage therapy or similar wellness businesses. Suite C, equipped for a bakery, includes essential appliances and a welcoming layout. Each suite includes a private bathroom and modern air conditioning. The property's location within thriving residential neighborhoods contributes to its strong rental potential, estimated at $60,000 annually or more. This versatile property offers a unique blend of established businesses and significant upside for future growth. The asking price is $550,000. This is a rare opportunity to acquire a well-positioned commercial property in a desirable Florida location. The property's three-suite configuration provides flexibility for a variety of uses and income streams. Don't miss this chance to secure a profitable investment in the heart of Titusville. The property's zip code is 32780.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1966
Construction WOOD
Total area 3,963 SF
Lot 0.27 ac (11,761 SF)
Zoning code NC
APN 22-35-17-AV-00000.0-0067.52
UPID US18-5917010

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hair Salon Nail Salon

Location

3408 Park Ave Titusville, FL 32780-5139
Titusville metro Census 60600 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2022
4 recorded transactions
2022
Price N/A
2018
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

NC · Titusville, FL
Zoning description

The Neighborhood Commercial (NC) district is designed to provide a number of selected establishments that will principally serve one or several residential neighborhoods. These areas are generally located along or at the…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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