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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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