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    OFF-MARKET
    Commercial real estate

    4550 State Road 524, Cocoa, FL 32926

    2.56 ac lot
    Property ID
    US18-4105822
    Property summary
    AI-generated overview

    This exceptional 2.56-acre residential land parcel presents a unique opportunity in Cocoa, Florida. Situated on the north side of State Road 524, this property boasts excellent visibility and convenient access, positioned between I-95 and Cox and Friday Roads. The lot features substantial frontage on State Road 524, measuring approximately 151 feet, with additional boundary lines of approximately 452.2 feet (east), 306 feet (west), and 270.8 feet (north). While no survey is currently on file, the property's dimensions offer significant development potential. Currently zoned RR-1 (Rural Residential, one house per acre) within the Brevard County Zoning District, the future land use designation is R-1 residential. There's potential for commercial rezoning through the City of Cocoa. City of Cocoa water is available, with a 36-inch PCCP potable line located on the west side of State Road 524. Sewer service will require a septic system. This prime location on Florida's Space Coast offers a compelling investment opportunity for residential development, with the added possibility of future commercial use. A video showcasing the property is available online. The asking price is $325,000. The zip code is 32926.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 2.56 ac (111,514 SF)
    UPID US18-4105822
    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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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