600 Park Ave Titusville, FL 32796-3854
- Strip malls
- 15,620 SF
- 1.37 lot acres
Current Use by Public Records
- Protek Nail Inc / Nail Salon
Property Details for 600 Park Ave
- Year built
- 1963
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.37 lot acres
- Property size
- 15,620 SF
- Zone code
- CC
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 22-35-04-00-00070.0-0000.00
- APU
- 9223372036854775807
Description
This exceptional commercial property, located at 600 S Park Avenue, offers a unique investment opportunity in a bustling retail environment. The 1.37-acre site features a 7,593 square foot single-story building with a total of 20 parking spaces. Currently, the entire building is vacant, presenting a blank canvas for a variety of retail uses. Flexible lease options are available, with spaces ranging from a minimum of 360 square feet to a maximum contiguous space of 6,177 square feet. The property is zoned for commercial retail use and boasts a convenient location with excellent visibility. The building is serviced by electric power. Individual suites within the shopping center range in size from approximately 870 square feet to 1416 square feet, with some offering additional features such as bathrooms, break rooms, and loading docks. Several suites can be combined to create larger spaces, provided they are contiguous. The property's tax rate is $7.20 per square foot. This prime location, coupled with the flexibility of available spaces, makes this property an ideal investment for both established businesses and new ventures seeking a thriving retail environment. The property is situated near South Street and has a Commercial Retail zoning designation. The APN is 22-35-04-00-00070.0-0000.00. The property is described as a "Turn Key Nail Salon" submarket.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $950,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $795,000
- 6.5%
- $930,000
- 7%
- $790,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $740,000
- Geo Method
- $850,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $830,000
- Retail
- $725,000
- Mixed-Use
- $790,000
- Hospitality
- $760,000
- Educational
- $775,000
- Residential Income
- $945,000
- Energy
- $755,000
- Income-Based Land
- $755,000
- Food Service
- $810,000
Location Insight
- Map
- Local Demand
- City
- Titusville
- County
- Brevard
- State
- Florida
- Longitude
- -80.8192
- Latitude
- 28.609
- CBSA code
- 37340
- CBSA name
- PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA