63 Orlando Ave Cocoa Beach, FL 32931
- Retail space
- 2,428 SF
- 0.11 lot acres
Current Use by Public Records
- Advanced Leak Detection / Plumber
- Booch Kombucha Bar / Bar / Tea House
Property Details for 63 Orlando Ave
- Year built
- 1958
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.11 lot acres
- Property size
- 2,428 SF
- Property type
- Retail space
- APN
- 25-37-11-DB-00100.0-0024.05
- APU
- 253711DB001000002405
Description
This exceptional Cocoa Beach commercial property, located at 63 N Orlando Avenue, presents a unique investment opportunity. Priced at $999,999, this single-story, 1958-built building boasts a generous 4,791.6 square feet lot. The property comprises two distinct units, totaling nearly 2500 square feet of versatile space, currently occupied by established businesses. This allows for flexibility; operate both units as one expansive space, or lease them individually, catering to diverse business needs. Situated on high-traffic Orlando Avenue, just one block from the ocean, this location offers unparalleled visibility and excellent foot traffic. The property benefits from its prime position within a thriving commercial corridor, surrounded by complementary businesses, restaurants, and popular local attractions, creating a vibrant and attractive environment for potential tenants. The wellness-focused nature of the current tenants (a Kombucha bar and a light therapy business) adds to the property's appeal. This property is ideal for investors seeking a strong return in a desirable coastal location. The existing tenants provide immediate income potential, while the flexible layout and prime location offer significant long-term growth opportunities. Don't miss this chance to acquire a thriving commercial property in the heart of Cocoa Beach, Florida, zip code 32931.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $240,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $320,000
- 6.5%
- $320,000
- 7%
- $320,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $300,000
- Geo Method
- $305,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $270,000
- Retail
- $290,000
- Mixed-Use
- $330,000
- Hospitality
- $345,000
- Educational
- $295,000
- Residential Income
- $310,000
- Energy
- $350,000
- Income-Based Land
- $340,000
- Food Service
- $285,000
Location Insight
- Map
- Local Demand
- City
- Cocoa Beach
- County
- Brevard
- State
- Florida
- Longitude
- -80.6097
- Latitude
- 28.3196
- CBSA code
- 37340
- CBSA name
- PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
