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Property profile & analytics
FOR SALE
Strip malls

818 Garden St Titusville, FL 32780

2,176 SF 0.16 ac lot Built 1959
Individually Owned 11-yr Hold Free & Clear
Property ID
US18-4125790
Property summary
AI-generated overview

This exceptional investment opportunity presents a commercial duplex located in Titusville, Florida, at 818 & 822 Garden Street. Situated on a substantial 6,969.6 square foot lot in the downtown secondary area of the Garden Street beach corridor, this property offers significant potential. The building, constructed in 1959, is a single-story structure currently zoned OP (Office Professional), with its current use as retail space. One unit (822) is currently leased month-to-month to a salon. The seller is open to leasing the other unit (818). A key advantage is the potential for rezoning to allow for mixed-use development, permitting residential use in one unit and commercial in the other. However, buyers are responsible for verifying all zoning information with the city and county. Recent improvements include a new roof installed in 2023 and fresh paint applied in 2024. The property has successfully passed both a 4-point inspection and wind mitigation inspection, providing peace of mind for potential buyers. This property is offered at an asking price of $325,000 and presents a compelling opportunity for investors seeking a strong return in a desirable location.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1959
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,176 SF
Lot 0.16 ac (6,970 SF)
Zoning code OP
APN 21-35-34-51-00004.0-0001.00
UPID US18-4125790
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
Current use
Occupant on record · Public records
  • Shelley's Tax Services Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
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Blend (final) Blend
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Owner & transaction history
Nancy L Albritton · 11 yrs held
Nancy L Albritton
since 2014
2 recorded transactions
2014
Price N/A
2005
Price N/A
Zoning & alternative use
OP · Titusville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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