For Sale
$1,300,000

2840 King St Cocoa, FL 32926

High-Income Retail & Land Investment

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional Cocoa, Florida commercial property offers a unique investment opportunity. Priced at $1,300,000, this 2.58-acre site boasts a 4,000 square-foot building with four roll-up garage doors, a 16' high steel covered area, and workshop space. The building, constructed in 1986, features three offices, two bathrooms, and has recently undergone significant renovations including new interior walls, drywall, exterior paint, bathrooms, electrical work, and interior framing. Additional improvements include a new septic system and drain field, a paint booth, and a backup generator. The property also includes a milled parking lot and a fenced and gated rear section. The site benefits from direct SR 520 frontage, providing excellent visibility and accessibility. Currently generating over $8,000 in monthly income from multiple tenants, this property presents substantial upside potential. The lot size is 112,384.8 square feet (approximately 2.58 acres), with one parcel measuring 0.69 acres and the other 1.89 acres. Recent improvements include $80,000 invested in asphalt and millings for the yard, and a new 6' chain link fence around a portion of the property with a private entry on a shared driveway. The property is 100% occupied under a net lease. The property's APN is 24-35-36-00-00041.0-0000.00. This is a rare opportunity to acquire a high-income producing property with significant growth potential in a prime location.

Highlights

  • High-traffic location with excellent visibility.
  • Ample parking available for tenants and customers.
  • Modern, well-maintained building with recent upgrades.
  • Flexible floor plans to accommodate various business needs.
  • Strong tenant base with long-term leases.
  • Prime location in a thriving commercial district.

Property Details for 2840 King St

Property type
Retail properties, Land
Square Feet
4,000 SF
Year Built
1986

Location Insight

City
Cocoa
County
Brevard
State
Florida
Latitude
28.3565407
Longitude
-80.7765367

FAQs

What type of property is this?
Retail property - High-Income Retail & Land Investment
Where is the retail property located?
The property is located at 2840 King St Cocoa, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: High-traffic location with excellent visibility.; Ample parking available for tenants and customers.; Modern, well-maintained building with recent upgrades.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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2840 King St
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