3408 Park AveTitusville, FL 32780

Property Details for 3408 Park Ave

Year built

1966

Construction

WOOD

Lot size

0.27 AC

Property size (Sq ft)

3,963 SF

Zone code

NC

Property type

Retail properties

Property subtype

Strip malls

APN

22-35-17-AV-00000.0-0067.52

APU

223517AV000000006752

Description

This exceptional mixed-use commercial property, located at 3408 S Park Avenue in Titusville, Florida, presents a compelling investment opportunity. The 11,761.2 square foot lot houses a single-story, 1966-built building featuring three distinct suites, each currently configured for a specific business type. Suite A, a salon, is ideally suited for beauty professionals. Suite B, with its check-in window and separate rooms, is perfect for massage therapy or similar wellness businesses. Suite C, equipped for a bakery, includes essential appliances and a welcoming layout. Each suite includes a private bathroom and modern air conditioning. The property's location within thriving residential neighborhoods contributes to its strong rental potential, estimated at $60,000 annually or more. This versatile property offers a unique blend of established businesses and significant upside for future growth. The asking price is $550,000. This is a rare opportunity to acquire a well-positioned commercial property in a desirable Florida location. The property's three-suite configuration provides flexibility for a variety of uses and income streams. Don't miss this chance to secure a profitable investment in the heart of Titusville. The property's zip code is 32780.

• CAP approach

  CAP return

  Valuation

  6%

  $1,384,157

  6.5%

  $1,277,683

  7%

  $1,186,420

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,715,022

  Geo Method

  $1,568,221

• Alternative Use

  Use

  Valuation

  Residential

  $1,077,774

  Hospitality

  $987,235

  Educational

  $821,368

  Medical

  $849,616

  Retail

  $1,277,683

Location Insight

City

Titusville

County

Brevard

State

Florida

Latitude

28.5777

Longitude

-80.8327

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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