1552 King StCocoa, FL 32926

Property Details for 1552 King St

Year built

1980

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.37 AC

Property size (Sq ft)

7,286 SF

Property type

Turn key restaurants

APN

24-36-31-00-00076.0-0000.00

APU

9223372036854775807

Description

This exceptional commercial property, located at 1552 W King Street in Cocoa, Florida, presents a lucrative investment opportunity. The property, encompassing a substantial 59,677.2 square feet lot, features a well-established restaurant building constructed in 1980. The single-unit structure is ideally situated on a major thoroughfare in a prime location near residential areas, ensuring high visibility and consistent foot traffic. Its proximity to I-95 provides easy access for customers and employees alike. The asking price for this turnkey retail and land opportunity is $4,900,000. This presents a rare chance to acquire a thriving business in a high-demand area of Brevard County. The property's size and location make it suitable for a variety of commercial uses, offering significant potential for future growth and development. The existing restaurant provides a solid foundation for immediate income generation, while the expansive lot allows for potential expansion or redevelopment. This is an excellent investment for both private buyers and investors seeking a strong return on their investment in a desirable Florida location. The property's zip code is 32926. The coordinates are 28.3562465 latitude and -80.7565503 longitude.

• CAP approach

  CAP return

  Valuation

  6%

  $2,783,824

  6.5%

  $2,569,684

  7%

  $2,386,135

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,988,992

  Geo Method

  $2,883,184

• Alternative Use

  Use

  Valuation

  Residential

  $2,167,624

  Hospitality

  $1,985,532

  Educational

  $1,651,940

  Medical

  $1,708,752

  Retail

  $2,569,684

Location Insight

City

Cocoa

County

Brevard

State

Florida

Latitude

28.3562

Longitude

-80.7567

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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