5195 Washington AveTitusville, FL 32780

Property Details for 5195 Washington Ave

Year built

1984

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.54 AC

Property size (Sq ft)

11,210 SF

Zone code

CC

Property type

Office buildings

APN

22-35-26-BF-00000.0-0034.01

APU

223526BF000000003401

Description

This exceptional 10,940-square-foot creative office building is available for lease in Titusville, Florida. Located at 5195 S. Washington Ave., this single-tenant property offers ample space for a variety of businesses. Previously used as a church, the building is zoned Community/Commercial, providing flexibility for diverse uses. Situated in Brevard County, this location offers easy access to major employers, including Kennedy Space Center/NASA, SpaceX, Blue Origin, L3-Harris Technologies, Cape Canaveral Cruises, Northrop Grumman, and Parrish Medical Center, ensuring a strong workforce pool and vibrant community. The entire building is vacant and ready for immediate occupancy. The property features a total of 10,940 square feet of usable space. The lease terms are negotiable, and the tenant is responsible for maintaining the lawn and landscaping. This presents a unique opportunity to establish a presence in a thriving area with excellent access to a skilled workforce and significant economic drivers. The property's zoning allows for a wide range of commercial uses, making it an attractive option for businesses seeking a versatile and strategically located space. Contact us today to learn more about this exceptional opportunity. The zip code is 32780.

• CAP approach

  CAP return

  Valuation

  6%

  $3,018,610

  6.5%

  $2,786,410

  7%

  $2,587,380

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,925,090

  Geo Method

  $1,760,310

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,355,230

  Retail / Commercial

  $2,771,700

  Mixed-Use / Specialty

  $2,781,960

  Hospitality / Lodging

  $2,067,260

  Institutional / Educational

  $2,899,310

  Residential Income

  $3,392,200

  Multifamily

  $3,956,760

  Automotive / Energy

  $2,485,130

  Parking / Income-Based Land

  $837,687

  Restaurant / Food Service

  $1,489,900

  Healthcare / Senior Housing

  $2,832,190

Location Insight

City

Titusville

County

Brevard

State

Florida

Latitude

28.5479

Longitude

-80.7951

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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