7011 Atlantic AveCape Canaveral, FL 32920

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 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.

• 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

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

FAQs

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