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Property profile & analytics
OFF-MARKET
Turn key restaurants

938 Dixon Blvd Cocoa, FL 32922-6807

2,545 SF 0.8 ac lot Built 1988
Individually Owned 2-yr Hold Free & Clear
Property ID
US18-0665923
Property summary
AI-generated overview

This single-tenant, free-standing retail building in Cocoa, Florida, presents a compelling investment opportunity. The 2,545 square foot property, built in 1988, sits on a 0.74-acre lot and boasts 32 parking spaces, ensuring ample customer convenience. Currently operating at 100% occupancy with a lease having 3.5 years remaining, this property offers a stable income stream. Located at 938 Dixon Blvd, Cocoa, FL 32922, the property benefits from its strategic position near major roadways, including U.S. Highway 1, State Roads 520 and 528, and I-95, ensuring high visibility and accessibility. Its proximity to Kennedy Space Center, Historic Cocoa Village, Port Canaveral, and Merritt Island further enhances its appeal. The property is zoned CN and offers a versatile space suitable for a variety of retail uses. The asking price is $550,000, translating to $216.11 per square foot. This represents a strong return on investment in a thriving area with significant growth potential. The property's convenient location near Eastern State College, medical facilities, and residential areas contributes to its consistent performance. This is a rare opportunity to acquire a well-located, income-producing retail asset with a strong tenant and significant upside potential. Serious inquiries only.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1988
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,545 SF
Lot 0.8 ac (34,848 SF)
Zoning code CN
APN 24-36-29-BV-00000.0-000A.03
UPID US18-0665923
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
  • Pho 95 Vietnamese cuisine Restaurant
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Jeremy Louesse Elie · 2 yrs held
Jeremy Louesse Elie
since 2023
Last sale
$237,500
7 recorded transactions
2023
Price N/A
2017
$237,500
2017
Price N/A
2016
$200,000
2011
$128,500
2010
Price N/A
1999
$3.4M
Zoning & alternative use
CN · Cocoa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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