For Sale
$2,800,000

152 Crescent Beach DrCocoa Beach, FL 32931

Nine-unit apartment building, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a nine-unit multifamily property located at 152 Crescent Beach Drive, Cocoa Beach, Florida, 32931. The property, built in 1964, consists of eight one-bedroom, one-bathroom apartments and a separate four-bedroom, 2.5-bathroom house, all situated on a substantial 0.66-acre lot (28,749.6 sq ft). The two-story building enjoys a coveted beachfront location, directly across from the beach and adjacent to the river, offering unparalleled coastal views and access. The asking price is $2,800,000. This property presents significant potential for various development strategies. Investors could capitalize on the prime location by converting the units into hotel-branded residences, catering to the high demand for Cocoa Beach accommodations. Alternatively, a renovation project could create larger, more luxurious units, appealing to both residents and vacationers. The property's size and location make it an attractive proposition for those seeking a high-return coastal investment. The existing structure provides a solid foundation for immediate income generation while offering considerable upside potential through strategic improvements and repositioning. This is a rare chance to acquire a substantial multifamily property in a highly desirable beachfront location.

Highlights

  • $2,800,000 asking price for a 9-unit multifamily property.
  • Nine units total, including eight 1-bedroom/1-bathroom apartments and one 4-bedroom/2.5-bathroom house.
  • Located at 152 Crescent Beach Drive, Cocoa Beach, FL 32931.
  • Situated on a .66-acre lot (28,749.6 sq ft).
  • Built in 1964, two-story building.

Property Details for 152 Crescent Beach Dr

Property type
Apartment buildings, Small apartment buildings
Year Built
1964
Stories
2
Units
9

Location Insight

City
Cocoa Beach
County
Brevard
State
Florida
Latitude
28.2828658
Longitude
-80.6087975
152 Crescent Beach Dr, Cocoa Beach, Florida

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152 Crescent Beach Dr
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