7011 Atlantic AveCape Canaveral, FL 32920

  • Office properties
  • 21,050 SF
For Lease
$16/SF/YR View listing

Property Details for 7011 Atlantic Ave

Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
1.02 AC
Property size (Sq ft)
21,050 SF
Zone code
C2
Property type
Office properties
Property subtype
Office buildings
APN
24-37-23-JI-0000B.0-0000.00
APU
243723JI0000B0000000

Description

Riverview Center, a two-story commercial office building totaling 20,646 square feet, presents a unique investment opportunity in the thriving Cape Canaveral submarket of Brevard County, Florida. Situated on a 1.02-acre lot at 7011 N Atlantic Ave, zip code 32920, this property enjoys a prime location directly on Highway A1A, offering exceptional visibility and accessibility. The building, constructed in 1962, is zoned C2 and features multiple tenancies, with three executive office spaces currently available, ranging from 384 to 1,042 square feet. Its convenient location provides easy access to Port Canaveral and is just 1.6 miles from the 520 Causeway. This presents a rare chance to acquire established office space in a high-demand area, benefiting from its proximity to major transportation routes and key regional attractions. The property's strategic positioning and versatile office spaces make it ideal for a variety of businesses seeking a prominent presence in Cape Canaveral. Serious inquiries are encouraged to explore this exceptional commercial real estate offering.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $5,159,148
    6.5%
    $4,762,291
    7%
    $4,422,128
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,550,815
    Geo Method
    $3,305,482
  • Alternative Use

    Use
    Valuation
    Residential
    $5,905,240
    Hospitality
    $5,409,169
    Educational
    $4,500,365
    Medical
    $4,655,140
    Retail
    $7,000,568
7011 Atlantic Ave, Cape Canaveral, Florida

Location Insight

City
Cape Canaveral
County
Brevard
State
Florida
Latitude
28.3805
Longitude
-80.6065
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
$18,094
$466,530
$854,160
$1,320,690
-
$466,530
$854,160
$1,320,690

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