3880 Washington AveTitusville, FL 32780

Property Details for 3880 Washington Ave

Year built

1966

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.58 AC

Property size (Sq ft)

44,550 SF

Zone code

CC

Property type

Office properties

Property subtype

Office buildings

APN

22-35-22-02-00001.0-0001.00

APU

9223372036854775807

Description

The Washington Plaza Building offers exceptional office space in Titusville, Florida. This prestigious building, situated on a 1.65-acre lot, boasts 39,100 square feet of total space and features multiple tenancy options. Currently, there are 4,623 square feet of vacant space available, divisible into units ranging from a minimum of 188 square feet to a maximum contiguous space of 1,210 square feet. Nine individual suites are currently available. Originally constructed in 1960, the building underwent a significant renovation in 2001. The building offers convenient amenities including an elevator and common area restrooms. Most suites include water and electric in the lease rate of $18 per square foot per year (MG). Inside janitorial services are not included. This is an excellent opportunity to secure high-quality office space in a prominent Titusville location, directly on US Highway 1. The building shares its location with its sister building, Buena Vista, creating a highly visible and desirable address. Inquire today to learn more about available suites and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $10,585,019

  6.5%

  $9,770,786

  7%

  $9,072,873

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,650,552

  Geo Method

  $6,995,686

• Alternative Use

  Use

  Valuation

  Residential

  $12,115,775

  Hospitality

  $11,097,985

  Educational

  $9,233,393

  Medical

  $9,550,944

  Retail

  $14,363,056

Location Insight

City

Titusville

County

Brevard

State

Florida

Latitude

28.5686

Longitude

-80.7989

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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