2464 Atlantic AveCocoa Beach, FL 32931

Property Details for 2464 Atlantic Ave

Year built

1958

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.13 AC

Property size (Sq ft)

2,356 SF

Zone code

BU-1-A

Property type

Retail properties

Property subtype

Turn key restaurants

APN

25-37-26-50-0000B.0-0027.00

APU

253726500000B0002700

Description

This exceptional investment opportunity presents a rare chance to acquire a highly successful retail property located at 2464 S Atlantic Avenue in the desirable South Cocoa Beach area of Brevard County, Florida. The property, built in 1958, sits on a 5,662.8 square foot lot and features a single retail unit currently occupied by a long-term, well-established tenant under a triple net lease. This ensures a consistent income stream for the investor. The tenant operates a renowned restaurant known for its casual elegance, fresh Florida cuisine, extensive wine list, and exceptional service, making it a local favorite and a respected establishment within the restaurant community. The property's prime beachside location contributes significantly to its success. This is a real estate sale only; the business itself is not included in the sale. The asking price for this exceptional investment property is $932,500. Serious inquiries only, please. Further details are available upon request for qualified buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $900,402

  6.5%

  $831,141

  7%

  $771,773

• Comparable approach

  Method

  Valuation

  Relative Method

  $966,369

  Geo Method

  $932,306

• Alternative Use

  Use

  Valuation

  Residential

  $701,098

  Hospitality

  $642,202

  Educational

  $534,305

  Medical

  $552,680

  Retail

  $831,141

Location Insight

City

Cocoa Beach

County

Brevard

State

Florida

Latitude

28.2818

Longitude

-80.6077

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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