3412 Washington AveTitusville, FL 32780

Property Details for 3412 Washington Ave

Year built

1991

Lot size

0.36 AC

Property size (Sq ft)

364 SF

Zone code

CC

Property type

Shopping centers

Property subtype

Specialty properties

APN

22-35-15-75-00005.0-0016.00

APU

9223372036854775807

Description

This exceptional 0.36-acre commercial lot in Titusville, Florida, presents a unique investment opportunity. Located at 3412 S Washington Avenue, the property boasts 160 feet of frontage on US Highway 1, ensuring high visibility and accessibility. Previously utilized as a drive-thru coffee shop, the site is completely paved, including ample parking, making it immediately ready for development. The property's APN is 22-35-15-75-00005.0-0016.00. This single-tenant site is classified as Special Purpose and Airport subtype, offering significant potential for various commercial ventures. The absence of existing buildings allows for complete customization to suit your specific business needs. The location within Titusville, Florida, zip code 32780, provides access to a thriving community and convenient transportation links. This shovel-ready site eliminates lengthy preparation periods, allowing for a swift commencement of your project. Seize this chance to establish your business in a high-traffic area with excellent visibility and immediate development potential. The property is offered as a land lease.

• CAP approach

  CAP return

  Valuation

  6%

  $127,134

  6.5%

  $117,355

  7%

  $108,972

• Comparable approach

  Method

  Valuation

  Relative Method

  $157,524

  Geo Method

  $144,040

• Alternative Use

  Use

  Valuation

  Residential

  $98,993

  Hospitality

  $90,677

  Educational

  $75,442

  Medical

  $78,037

  Retail

  $117,355

Location Insight

City

Titusville

County

Brevard

State

Florida

Latitude

28.5778

Longitude

-80.7999

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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