157 Orlando AveCocoa Beach, FL 32931

Property Details for 157 Orlando Ave

Year built

1992

Property type

Other commercial real estate

Property subtype

Other mixed-use properties

Description

This exceptional mixed-use property, located at 157 N Orlando Avenue in Cocoa Beach, Florida (zip code 32931), presents a lucrative investment opportunity. The 8,276.4 square foot lot houses a two-story, 1992-built building, effectively renovated in 2018, offering a total of 4 units. The building features two ground-floor retail spaces ideal for a variety of businesses, capitalizing on the high foot traffic of Downtown Cocoa Beach. Upstairs, two fully furnished, luxury vacation rentals, each boasting two bedrooms and two bathrooms, provide substantial rental income. These units feature open floor plans, spacious balconies, and include kitchens, dining areas, living rooms, and laundry facilities. One unit offers a partial ocean view. The property's proximity to the beach (one block away) and an adjacent city parking lot enhances its appeal and accessibility. This unique blend of commercial and residential space offers significant potential for growth and return on investment in a highly desirable Florida location. The asking price is $2,150,000.

Location Insight

City

Cocoa Beach

County

Brevard

State

Florida

Latitude

28.3215

Longitude

-80.6097

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