4550 State Road 524, Cocoa, FL 32926
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.