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Property profile & analytics
OFF-MARKET
Small apartment buildings

611 Washington Ave Cape Canaveral, FL 32920

Property ID
US18-6727631
Property summary
AI-generated overview

This exceptional 9,583 square foot lot, located at 611 Washington Avenue in Cape Canaveral, Florida (32920), presents a unique investment opportunity. Situated just steps from the beach, this 132' x 75' parcel boasts breathtaking ocean views and is zoned for multi-family use, allowing for the construction of either a spacious single-family residence or a duplex. The property's strategic location between Cape Canaveral and Cocoa Beach makes it highly desirable, with nearby comparable properties selling for $300 to $600+ per square foot. The lot is practically turnkey, requiring minimal clearing, with utilities readily available. A clever step-back design ensures stunning ocean views from both the second and third floors, maximizing the potential of the allowed 45-foot maximum building height. The wide, contractually maintained beaches offer pristine sand just steps away, enhancing the property's appeal. Directly across from Cherie Down Park, residents will enjoy easy access to recreational amenities and natural beauty. This prime location, combined with the multi-family zoning and ocean views, creates an exceptional opportunity for building a dream home or a lucrative vacation rental property. Buyers are responsible for verifying all information and obtaining necessary permits from the city and county. The asking price for this remarkable property is $695,995.

Property profile
Verified
Property type Small apartment buildings
UPID US18-6727631
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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