966 Cocoa Blvd Cocoa, FL 32922
- Strip malls
- 6,908 SF
- 0.99 lot acres
Current Use by Public Records
- Kirby Vacuums Factory Authorized Sales & Services / Vacuum Cleaning System Supplier
- Flawless Fades Barber & Shave Co. / Barber Shop
- L a Looks / Beauty Salon
- East Coast Gleam Team / House Cleaning Service / Commercial Cleaning Service
- Revolutions Hair Studio / Hair Salon
Property Details for 966 Cocoa Blvd
- Year built
- 1982
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.99 lot acres
- Property size
- 6,908 SF
- Zone code
- CN
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 24-36-28-BP-00000.0-0019.01
- APU
- 243628BP000000001901
Description
This thriving 8,208 square foot retail center, located at 966-970 N Cocoa Boulevard in Cocoa, Florida (zip code 32922), presents a compelling investment opportunity. Built in 1982 and situated on a 43,124.4 square foot lot, the property boasts 301.39 lineal feet of frontage on US Highway 1, offering exceptional visibility and accessibility. The multi-tenant plaza features twelve units with a current occupancy rate of 90%, generating strong cash flow. Recent renovations include a new monument sign, fresh paint, updated façade signage for each business, and renovated interior suites. Two convenient entrances/exits on either side of the plaza enhance traffic flow. The property's prime location near State Road 528 provides easy access to Orlando and the densely populated coastal communities, ensuring a consistent stream of potential customers. The meticulously maintained landscaping further enhances the professional appearance of the center. Asking price is $2,000,000. Lease type is modified.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $340,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $520,000
- 6.5%
- $490,000
- 7%
- $470,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $500,000
- Geo Method
- $415,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $560,000
- Retail
- $450,000
- Mixed-Use
- $525,000
- Hospitality
- $555,000
- Educational
- $570,000
- Residential Income
- $470,000
- Energy
- $470,000
- Income-Based Land
- $450,000
- Food Service
- $515,000
Location Insight
- Map
- Local Demand
- City
- Cocoa
- County
- Brevard
- State
- Florida
- Longitude
- -80.7364
- Latitude
- 28.3746
- CBSA code
- 37340
- CBSA name
- PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
