818 Garden StTitusville, FL 32780

Property Details for 818 Garden St

Year built

1959

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.16 AC

Property size (Sq ft)

2,176 SF

Zone code

OP

Property type

Retail properties

Property subtype

Strip malls

APN

21-35-34-51-00004.0-0001.00

APU

9223372036854775807

Description

This exceptional investment opportunity presents a commercial duplex located in Titusville, Florida, at 818 & 822 Garden Street. Situated on a substantial 6,969.6 square foot lot in the downtown secondary area of the Garden Street beach corridor, this property offers significant potential. The building, constructed in 1959, is a single-story structure currently zoned OP (Office Professional), with its current use as retail space. One unit (822) is currently leased month-to-month to a salon. The seller is open to leasing the other unit (818). A key advantage is the potential for rezoning to allow for mixed-use development, permitting residential use in one unit and commercial in the other. However, buyers are responsible for verifying all zoning information with the city and county. Recent improvements include a new roof installed in 2023 and fresh paint applied in 2024. The property has successfully passed both a 4-point inspection and wind mitigation inspection, providing peace of mind for potential buyers. This property is offered at an asking price of $325,000 and presents a compelling opportunity for investors seeking a strong return in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $760,011

  6.5%

  $701,549

  7%

  $651,438

• Comparable approach

  Method

  Valuation

  Relative Method

  $941,682

  Geo Method

  $861,077

• Alternative Use

  Use

  Valuation

  Residential

  $591,783

  Hospitality

  $542,070

  Educational

  $450,996

  Medical

  $466,506

  Retail

  $701,549

Location Insight

City

Titusville

County

Brevard

State

Florida

Latitude

28.6156

Longitude

-80.8135

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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