1348 Hopkins AveTitusville, FL 32780

Property Details for 1348 Hopkins Ave

Year built

1957

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.29 AC

Property size (Sq ft)

3,320 SF

Zone code

M1

Property type

Retail properties

Property subtype

Auto shops

APN

22-35-10-25-00001.0-0012.00

APU

9223372036854775807

Description

This exceptional commercial property, located at 1348 S Hopkins Avenue in Titusville, Florida, presents a unique investment opportunity. The 12,632.4 square foot lot houses a 1-unit building constructed in 1957, previously operating as a successful automotive and A/C repair business for over four decades. The building boasts six vehicle lifts (five inside, one covered outside), ample parking, and five 10x10 roll-up doors, plus one 10x20 door suitable for RV access. Recently refreshed with interior and exterior painting, the property is exceptionally clean and well-maintained, ideal for continued use as an auto repair facility or adaptable to a variety of other businesses. The building includes 310 square feet of air-conditioned office space. The asking price is $675,000, and the seller is offering negotiable incentives including tire and alignment equipment and some office furnishings. This property's prime location, just one block from the busy US Highway 1, ensures high visibility and accessibility, making it an attractive investment in a thriving Florida market. The detailed equipment list is available upon request. This is a must-see property for discerning investors seeking a versatile and well-situated commercial asset.

• CAP approach

  CAP return

  Valuation

  6%

  $1,159,576

  6.5%

  $1,070,378

  7%

  $993,923

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,436,758

  Geo Method

  $1,313,776

• Alternative Use

  Use

  Valuation

  Residential

  $902,904

  Hospitality

  $827,055

  Educational

  $688,100

  Medical

  $711,765

  Retail

  $1,070,378

Location Insight

City

Titusville

County

Brevard

State

Florida

Latitude

28.5991

Longitude

-80.8087

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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