3798 Washington AveTitusville, FL 32780

Property Details for 3798 Washington Ave

Lot size

0.54 AC

Property type

Shopping centers

Property subtype

Specialty properties

APN

22-35-22-01-00000.0-0001.05

APU

9223372036854775807

Description

This exceptional 0.54-acre commercial land lease in Titusville, Florida, offers unparalleled visibility and accessibility. Situated on US-1, it boasts a remarkable 28,000 average annual daily traffic count, ensuring maximum exposure for your business. The property features stunning views of the Indian River and the Space Center, creating a desirable and unique location. Zoned CC, this vacant land presents a blank canvas for various commercial or retail developments. A conceptual site plan is available for review, providing inspiration for potential uses. The flat-rate monthly ground lease is priced at $5,000. This represents a rare opportunity to establish a strong presence in a thriving riverfront community with high traffic volume. The property is also available for purchase at $510,000. Don't miss this chance to secure a strategic location in this vibrant area. This is a single-tenancy property.

• CAP approach

  CAP return

  Valuation

  6%

  $8,215,528

  6.5%

  $7,583,564

  7%

  $7,041,882

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,179,345

  Geo Method

  $9,308,022

• Alternative Use

  Use

  Valuation

  Residential

  $6,397,020

  Hospitality

  $5,859,636

  Educational

  $4,875,148

  Medical

  $5,042,812

  Retail

  $7,583,564

Location Insight

City

Titusville

County

Brevard

State

Florida

Latitude

28.5701

Longitude

-80.7987

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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