600 Park Ave Titusville, FL 32796

This exceptional investment opportunity presents a 14,820 square foot Class A shopping center located at 600 S Park Ave, Titusville, FL 32796. The property, built in 1963 and situated on a 1.37-acre lot, consists of two single-story buildings housing six units across a multi-tenant occupancy. Currently, the center boasts 30% occupancy, generating a Net Operating Income (NOI) of $297,468 and a 7.00% cap rate. The asking price is $2,000,000. The property features two active businesses: a newly updated and reopened car wash with four bays capable of handling RVs and boats, and a coin-operated laundromat. An additional, vacant, turn-key nail salon unit offers further potential for increased revenue. The property is zoned commercial and benefits from its adjacency to another shopping center. This is a rare opportunity to acquire a thriving commercial building in one of Florida's fastest-growing cities. The property is owned by a corporation and the legal description is APN 22-35-04-00-00070.0-0000.00. The lease type is modified, and the investment type is owner/user with a lease sub-type. This is a bulk transfer opportunity.