4710 Washington AveTitusville, FL 32780

Property Details for 4710 Washington Ave

Year built

1963

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

30.85 AC

Property size (Sq ft)

3,766 SF

Zone code

RC

Property type

Retail properties

Property subtype

Retail space

APN

22-35-26-BF-00000.0-0008.00

APU

223526BF000000000800

Description

This exceptional mixed-use development opportunity in Titusville, Florida, presents a unique investment prospect. Located on South Washington Avenue (US Hwy 1), the property encompasses .88 to 20.13 acres of land zoned Urban Village with a land use designation of Urban Mixed Use. This allows for a diverse range of commercial uses, including convenience stores, retail spaces, and restaurants with drive-thru capabilities. The master-planned development will feature approximately 300 multi-family units, creating a vibrant and thriving community. Significant infrastructure improvements are already underway, including offsite stormwater management, rough grading, utilities, and a master infrastructure plan. A proposed traffic light and multiple access points from US Hwy 1 will ensure excellent visibility and accessibility. The property benefits from its proximity to a redeveloping marina with 140 planned slips and a future convention center. Titusville itself is experiencing rapid growth, fueled by a robust economy encompassing aerospace, manufacturing, healthcare, boating, and tourism. The city's strategic location offers easy access to major attractions, including Kennedy Space Center, Daytona International Speedway, Port Canaveral, and Orlando. With four international airports nearby, this location provides unparalleled convenience and accessibility.

• CAP approach

  CAP return

  Valuation

  6%

  $1,315,351

  6.5%

  $1,214,170

  7%

  $1,127,444

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,629,768

  Geo Method

  $1,490,265

• Alternative Use

  Use

  Valuation

  Residential

  $1,024,198

  Hospitality

  $938,160

  Educational

  $780,538

  Medical

  $807,382

  Retail

  $1,214,170

Location Insight

City

Titusville

County

Brevard

State

Florida

Latitude

28.5534

Longitude

-80.7982

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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