Property profile

686 Cheney Hwy Titusville, FL 32780

FOR LEASE
Grocery and convenience stores
Property ID
US18-6037612
29,738 SF 7.41 ac lot Built 1963
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional retail property, located at 686 Cheney Hwy in Titusville, Florida (zip code 32780), presents a unique investment opportunity. The 73,248 square foot plaza, built in 1963 and zoned RC, sits on a 7.41-acre lot and offers multiple tenancy options. Currently, there are 16,702 square feet of vacant space available, divisible into units ranging from 1,181 square feet to a maximum contiguous space of 13,030 square feet. The property boasts a prime location directly on busy Highway 50, benefiting from high visibility and significant traffic flow. Titusville is experiencing rapid commercial growth, particularly in the aerospace sector, with the establishment of new corporate headquarters and thousands of residential units currently under construction, creating a strong and expanding customer base. The plaza features a well-maintained exterior, including updated landscaping and a newly overlaid parking lot. Existing tenants provide a diverse mix of businesses, including grocery, medical, dental, health and beauty retail, cell phone providers, and a nail salon, creating a vibrant and attractive shopping environment. This is an ideal location for businesses seeking high visibility and access to a growing market. The property offers a rare chance to establish a presence in a thriving commercial area with excellent potential for long-term success.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1963
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 29,738 SF
Lot 7.41 ac (322,780 SF)
Zoning code RC
APN 22-35-22-25-00000.0-0001.04
UPID US18-6037612

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
  • Dental Office
  • Hardware & Home Improvement Construction Company
  • Dental Office

Location

686 Cheney Hwy Titusville, FL 32780
Titusville metro Census 61002 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.28M
Comparable Approach Comparable
$4.74M
Blend (final) Blend
$4.47M

Owner & transaction history

Zoning & alternative use

RC · Titusville, FL
Zoning description

The Regional Commercial (RC) district is intended to provide for intensive, highly automotive oriented uses that require an accessible location along thoroughfares designated as arterials in the comprehensive plan and th…

General category COMMERCIAL
Top alternative use upside
Commercial (general) $7.1M +82.6%
Auto repair, garage $6.2M +60.6%
Office building $5.1M +32.8%

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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