3405 Washington AveTitusville, FL 32780
- Retail properties
- 5,635 SF
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 properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,968,136
- 6.5%
- $1,816,741
- 7%
- $1,686,974
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,438,594
- Geo Method
- $2,229,858
-
Alternative Use
- Use
- Valuation
- Residential
- $1,532,489
- Hospitality
- $1,403,752
- Educational
- $1,167,905
- Medical
- $1,208,071
- Retail
- $1,816,741
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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