3405 Washington AveTitusville, FL 32780

Property Details for 3405 Washington Ave

Year built

2010

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.70 AC

Property size (Sq ft)

5,635 SF

Zone code

SMU

Property type

Retail space

APN

22-35-15-06-00004.0-0001.00

APU

9223372036854775807

Description

This exceptional mixed-use property, located at 3405 S Washington Avenue in Titusville, Florida, presents a unique investment opportunity. The 2010-built, two-story concrete block and metal building boasts over 6,000 square feet of versatile space, encompassing offices, a showroom, a mezzanine, and warehouse facilities. Situated on a substantial 0.70-acre lot (30,492 sq ft), this property enjoys a prime waterfront location directly on US1 and the Indian River. Key features include a well-maintained private dock, a boat lift, and a newer seawall, enhancing its appeal for businesses requiring water access. The property also includes a partially fenced area and an additional 0.3+ acres of cleared land, providing ample space for future expansion, potentially accommodating a second building. Internal features include a dedicated mechanical room, updated HVAC systems, a wiring closet, and upgraded electrical infrastructure, ensuring efficient and modern operation. The asking price for this remarkable property is $2,200,000. This is a rare opportunity to acquire a well-maintained, versatile commercial property with significant waterfront access and expansion potential in a desirable Florida location. The property's zip code is 32780, and it is located in Brevard County.

• CAP approach

  CAP return

  Valuation

  6%

  $1,509,370

  6.5%

  $1,393,270

  7%

  $1,293,750

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,006,400

  Geo Method

  $920,259

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,691,950

  Mixed-Use / Specialty

  $1,398,420

  Hospitality / Lodging

  $1,039,160

  Office

  $1,400,660

  Institutional / Educational

  $1,457,420

  Residential Income

  $1,705,180

  Multifamily

  $1,988,970

  Automotive / Energy

  $1,249,210

  Parking / Income-Based Land

  $421,085

  Restaurant / Food Service

  $748,940

  Healthcare / Senior Housing

  $1,423,670

Location Insight

City

Titusville

County

Brevard

State

Florida

Latitude

28.5779

Longitude

-80.7989

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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