630 Adams Ave Cape Canaveral, FL 32920
- Apartment buildings
- 10,910 SF
- 0.29 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 630 Adams Ave
- Year built
- 1962
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.29 lot acres
- Property size
- 10,910 SF
- Zone code
- R3
- Property type
- Apartment buildings
- APN
- 24-37-23-CG-00006.0-0009.00
- APU
- 243723CG000060000900
Description
This exceptional investment opportunity presents an 18-unit multifamily property located at 630 Adams Avenue, Cape Canaveral, Florida, 32920. The property, boasting 10,910 square feet, is situated on a 0.29-acre lot and enjoys a prime location just one lot away from direct beach access. The two-story building, constructed in 1962 of solid concrete block, comprises seventeen one-bedroom, one-bathroom units ranging from 400 to 600 square feet, many offering captivating ocean views. A unique feature is a spacious two-story primary suite with panoramic ocean vistas from every room. Currently configured as rental units, the property's R-3 zoning allows for diverse usage, including long-term or short-term rentals. The asking price is $5,400,000. Significant upside potential exists through renovation and potential conversion to condominiums or a boutique luxury apartment complex. The property's proximity to restaurants, parks, and Port Canaveral attractions further enhances its appeal and rental income prospects. Showings are by appointment only. This is a rare chance to acquire a well-located, income-producing asset with substantial redevelopment possibilities in a thriving coastal community.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cape Canaveral
- County
- Brevard
- State
- Florida
- Longitude
- -80.5975
- Latitude
- 28.3908
- CBSA code
- 37340
- CBSA name
- PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
