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    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
    2005
    Zoning & alternative use
    OP · Titusville, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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