Property profile

600 S Park Ave Titusville, FL 32796

FOR LEASE
Strip malls
Property ID
US18-6022219
15,620 SF 1.37 ac lot Built 1963
Entity Owned 5-yr Hold ~ Est. High Equity
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600 S Park Ave, Titusville, FL 32796 For Lease
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600 S Park Ave, Titusville, FL 32796
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1963
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 15,620 SF
Lot 1.37 ac (59,677 SF)
Zoning code CC
APN 22-35-04-00-00070.0-0000.00
UPID US18-6022219

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Nail Salon

Location

600 S Park Ave Titusville, FL 32796
Titusville metro Census 60400 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$830k
CAP Approach CAP
by Request
Comparable Approach Comparable
$952k
Blend (final) Blend
$950k

Owner & transaction history

since 2021
Last sale
$880,000
7 recorded transactions
2021
$880,000
2008
Price N/A
2008
$900,000
2008
Price N/A
2004
$850,000
2003
Price N/A
1969
Price N/A

Zoning & alternative use

CC · Titusville, FL
Zoning description

The Community Commercial (CC) district is established for general commercial activity. This district is designed to provide for a wide range of permitted uses and conditional uses that offer goods and services of both a…

General category COMMERCIAL

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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