Property profile

5900 N Atlantic Ave Cocoa Beach, FL 32931

FOR LEASE
Commercial land
Property ID
US18-5933023
3,024 SF 0.29 ac lot Built 1956
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 0.51-acre corner lot in Cocoa Beach, Florida, presents a rare opportunity for a quick-service restaurant (QSR) development. Located at the high-traffic intersection of North Atlantic Avenue and Harding Avenue, this property boasts an enviable position near Port Canaveral, recently voted the Best US Cruise Homeport of 2023. The site is zoned BU-1 and features completed plans for a QSR, making it ideal for a ground lease or build-to-suit project. With an impressive 33,500 AADT (average annual daily traffic) count, this location ensures high visibility and significant customer access. The property's address is 5900 N Atlantic Ave, Cocoa Beach, FL 32931, within Brevard County (APN: 24-37-26-CG-99-9). This single-tenant retail opportunity is ready for immediate development, offering significant potential for return on investment in a thriving coastal community. The property's prime location and high traffic volume make it an exceptional investment prospect for discerning developers seeking a high-impact location in a popular tourist destination. The existing plans for a QSR streamline the development process, minimizing delays and maximizing efficiency. This is a truly unique opportunity to establish a successful business in a highly desirable area.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1956
Total area 3,024 SF
Lot 0.29 ac (12,632 SF)
Zoning code BU1
APN 24-37-26-CG-00099.0-0009.00
UPID US18-5933023

Cap rate & NOI

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

Location

5900 N Atlantic Ave Cocoa Beach, FL 32931
Cocoa Beach metro Census 68501 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$390k

Owner & transaction history

since 2018
5 recorded transactions
2018
Price N/A
2018
Price N/A
2004
$338,100
2002
$238,000
1969
Price N/A

Zoning & alternative use

BU1 · Cocoa Beach, FL

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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