Property profile

405 Watts Way Cocoa Beach, FL 32931

OFF-MARKET
Land
Property ID
US18-2524859
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Property summary

AI-generated overview

This exceptional 10,454 square foot commercial land parcel presents a unique investment opportunity in the desirable Cocoa Beach, Florida, market. Located at 405 Watts Way, zip code 32931, this mostly cleared .24-acre lot boasts a prime waterfront position on a navigable canal with direct access to the Banana River. Enjoy the convenience of being just minutes away from the iconic Cocoa Beach Pier, a renowned tourist destination. The property is situated in Brevard County and offers significant potential for various commercial developments. The absence of HOA or CDD fees further enhances its appeal, minimizing ongoing costs and maximizing return on investment. This is a rare chance to acquire a sizable, cleared waterfront commercial lot in a highly sought-after location, ideal for those seeking to build a new commercial venture. The asking price is $599,987. The property's latitude and longitude coordinates are 28.3233668 and -80.6130899 respectively. Serious inquiries are encouraged.

Property profile

Verified
Property type Land
UPID US18-2524859

Cap rate & NOI

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

Location

405 Watts Way Cocoa Beach, FL 32931
Cocoa Beach metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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