3635 King StCocoa, FL 32926

Property Details for 3635 King St

Year built

1962

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.84 AC

Property size (Sq ft)

8,496 SF

Zone code

BU1

Property type

Retail space

APN

24-35-36-00-00260.0-0000.00

APU

9223372036854775807

Description

This exceptional industrial warehouse, situated on a prime .99-acre lot at 3635 W King Street in Cocoa, Florida, presents a compelling investment opportunity. Built in 1962, this single-story, 36,590.4 square foot building boasts a strategic location on Highway 520/King Street, offering excellent visibility and accessibility. The property features two convenient entrances, enhancing operational efficiency. The warehouse itself is equipped with four 10x10 roll-up doors, two roller gates in front, and twin swing gates with 34' openings, facilitating easy loading and unloading. A substantial 40x40 covered work pad provides additional sheltered space. Significant upgrades have been implemented, including a new electrical panel and complete rewiring in 2021, along with plumbing replacements. Four existing lifts are in place, and the property benefits from 24' awnings on three sides of the building. The entire lot is securely fenced. This property offers substantial potential for a variety of businesses, making it an ideal investment in a high-demand location. The asking price is $1,499,000. The zip code is 32926.

• CAP approach

  CAP return

  Valuation

  6%

  $3,247,111

  6.5%

  $2,997,333

  7%

  $2,783,238

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,484,728

  Geo Method

  $3,362,000

• Alternative Use

  Use

  Valuation

  Residential

  $2,528,362

  Hospitality

  $2,315,966

  Educational

  $1,926,857

  Medical

  $1,993,124

  Retail

  $2,997,333

Location Insight

City

Cocoa

County

Brevard

State

Florida

Latitude

28.3559

Longitude

-80.7805

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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