3405 Washington AveTitusville, FL 32780

  • Retail properties
  • 5,635 SF
For Sale
$2,200,000 View listing

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
3405 Washington Ave, Titusville, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,729
$368,580
$140,520
$509,100
-
$368,580
$140,520
$509,100

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