613 Orange StTitusville, FL 32796
- Office properties
- 1,248 SF
Property Details for 613 Orange St
- Year built
- 1947
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.31 AC
- Property size (Sq ft)
- 1,248 SF
- Zone code
- UMU
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 22-35-03-30-0000B.0-0005.01
- APU
- 223503300000B0000501
Description
This exceptional commercial property, located at 613 Orange Street in Titusville, Florida, presents a unique investment opportunity. The asking price is $600,000. This offering encompasses two units within a retail building constructed in 1947, situated on a substantial 13,503.6 square foot lot. The property's zoning allows for a variety of commercial uses. A key feature is the inclusion of a high-bay garage located at the rear of the building, providing ample storage or workshop space. The sale includes both 609 and 613 Orange Street, offering significant potential for expansion or multi-tenant occupancy. The property's location in Titusville, Brevard County, Florida (zip code 32796), provides excellent access to major roadways and a thriving local market. With its generous lot size and versatile building configuration, this property is well-suited for a range of commercial ventures. The property's age presents an opportunity for renovation or modernization to enhance its value and appeal. This is an ideal opportunity for investors seeking a strong foothold in the vibrant Titusville commercial real estate market. The property's size and features make it suitable for a variety of commercial uses, offering significant potential for return on investment.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $296,523
- 6.5%
- $273,714
- 7%
- $254,163
-
Comparable approach
- Method
- Valuation
- Relative Method
- $214,318
- Geo Method
- $195,973
-
Alternative Use
- Use
- Valuation
- Residential
- $339,405
- Hospitality
- $310,893
- Educational
- $258,659
- Medical
- $267,555
- Retail
- $402,359
Location Insight
- City
- Titusville
- County
- Brevard
- State
- Florida
- Latitude
- 28.6144
- Longitude
- -80.8125
- CBSA code
- 37340
- CBSA name
- PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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