2959 Garden StTitusville, FL 32796

Property Details for 2959 Garden St

Year built

1966

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.67 AC

Property size (Sq ft)

22,886 SF

Zone code

RC

Property type

Retail properties

Property subtype

Strip malls

APN

21-35-32-00-00512.0-0000.00

APU

9223372036854775807

Description

This exceptional retail opportunity encompasses 5,865 square feet of vacant space within a larger 21,376 square foot multi-tenant building situated at 2959 Garden Street in Titusville, Florida. The property boasts a highly desirable location directly on Highway 50/Garden Street, a key retail corridor in Northwest Titusville. Its strategic placement ensures maximum visibility and accessibility for potential customers. The building, constructed in 1966, benefits from its proximity to a newly expanded Publix Shopping Center (St. Johns Plaza) and a Walgreens, creating a synergistic retail environment with strong anchor tenants. This prime location offers significant foot traffic and exposure to a substantial customer base. The property sits on a 2.67-acre lot and is zoned RC. The building itself features two suites in total, with the available space representing a significant portion of the building's total square footage. While there are no elevators, the storefront configuration is ideal for a variety of retail uses. The minimum divisible space is 5,865 square feet, making it suitable for a single large tenant or potentially divisible for smaller businesses (subject to lease terms). This presents a rare chance to establish a thriving business in a high-demand retail area.

• CAP approach

  CAP return

  Valuation

  6%

  $7,993,392

  6.5%

  $7,378,516

  7%

  $6,851,480

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,904,111

  Geo Method

  $9,056,347

• Alternative Use

  Use

  Valuation

  Residential

  $6,224,054

  Hospitality

  $5,701,200

  Educational

  $4,743,332

  Medical

  $4,906,462

  Retail

  $7,378,516

Location Insight

City

Titusville

County

Brevard

State

Florida

Latitude

28.6158

Longitude

-80.8413

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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