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Property profile & analytics
OFF-MARKET
Commercial real estate

405 Watts Way Cocoa Beach, FL 32931

Property ID
US18-2524859
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 Commercial real estate
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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