For Sale
$1,125,000

1015 Garden StTitusville, FL 32796

Prime Titusville shopping center, 7,000 rentable sq ft.

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional 7,092 square foot shopping center, situated on a 0.46-acre lot at 1015 Garden Street in Titusville, Florida (zip code 32796), presents a compelling investment opportunity. Built in 1982 and renovated in 2017, this single-story building comprises four retail units, offering 7,000 square feet of net rentable space. Currently, three units are occupied by strong tenants, with one unit available for lease, presenting immediate value-add potential. The property benefits from its location on the highly trafficked Garden Street (Route 406), adjacent to downtown Titusville. Titusville's robust economic growth, fueled by the thriving space industry, creates a favorable market for this retail center. The property offers a 6.6% pro forma cap rate, with significant upside potential due to below-market rents, making it an excellent choice for investors seeking strong returns. This property is also well-suited for a 1031 exchange. The property includes four gas pumps.

Highlights

  • $1,125,000 asking price for this 7,000 square foot retail shopping center.
  • Located in Titusville, Florida, at 1015 Garden St (Route 406), near downtown.
  • Four units total; three currently leased, one available.
  • Built in 1982, renovated in 2017, situated on a 0.46-acre lot with four gas pumps.
  • Offers a 6.6% pro forma cap rate with significant value-add potential due to below-market rents.

Property Details for 1015 Garden St

Property type
Lifestyle centers, Power centers
Square Feet
7,092 SF
Year Built/Renovated
1982/2017
Buildings
1
Stories
1
Lot Size (sq. ft)
20,038 SF
Units
4

Location Insight

City
Titusville
County
Brevard
State
Florida
Latitude
28.6151412
Longitude
-80.8150831
1015 Garden St, Titusville, Florida

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1015 Garden St
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