910 Tropic StTitusville, FL 32796

Property Details for 910 Tropic St

Year built

1962

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.34 AC

Property size (Sq ft)

1,326 SF

Zone code

UMU

Property type

Retail properties

Property subtype

Other retail properties

APN

22-35-03-29-00000.0-0007.00

APU

9223372036854775807

Description

This exceptional mixed-use property, located at 910 Tropic St, Titusville, FL 32796, presents a compelling investment opportunity. The property encompasses 1,998 square feet and features two single-story buildings situated on a high-traffic lot near the Indian River. Currently vacant, this versatile space is ideally suited for a variety of uses, including convenience store, medical office, or religious/church purposes. Its prime urban location benefits from excellent visibility and is poised for growth, given the influx of aerospace and tech professionals relocating to the area. The property is classified as a value-add investment, offering significant potential for future appreciation. The asking price is $225,000, and seller financing may be available, making this an attractive proposition for investors seeking a strong return on investment in a rapidly revitalizing community. The property is in Brevard County and offers a unique chance to capitalize on the area's burgeoning economic development. This is a rare opportunity to acquire a mixed-use property in a desirable location with potential for diverse commercial or even residential development.

• CAP approach

  CAP return

  Valuation

  6%

  $463,132

  6.5%

  $427,506

  7%

  $396,970

• Comparable approach

  Method

  Valuation

  Relative Method

  $573,838

  Geo Method

  $524,719

• Alternative Use

  Use

  Valuation

  Residential

  $360,618

  Hospitality

  $330,324

  Educational

  $274,826

  Medical

  $284,277

  Retail

  $427,506

Location Insight

City

Titusville

County

Brevard

State

Florida

Latitude

28.6119

Longitude

-80.8138

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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