1980 Atlantic AveCocoa Beach, FL 32931

Property Details for 1980 Atlantic Ave

Year built

1964

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.02 AC

Property size (Sq ft)

297 SF

Property type

Office properties

APN

25-37-03-CL-00000.0-013C.32

APU

253703CL000000013C32

Description

This exceptional 100,000 square foot, Class B office building, located at 1980 N Atlantic Ave, Cocoa Beach, FL 32931 (near S Banana River Blvd), offers a diverse range of workspace solutions. Built in 1965 and extensively renovated in 2022, this ten-story building boasts 100,000 total suites, with 4,000 square feet currently vacant. Units range from a minimum of 100 square feet to a maximum contiguous space of 10,000 square feet, catering to various business needs. The property features multiple tenancies, three elevators, and ample parking with 200 spaces. Its strategic location in the Cape Royal submarket of the Space Coast provides excellent visibility and accessibility. The building is ideally suited for traditional office, executive office, coworking, medical office, and creative office uses. This is a unique opportunity to secure space in a well-maintained, modern building within a thriving business community. The building's central location on A1A offers convenient access to local amenities and major transportation routes. The property's recent renovation ensures modern amenities and a comfortable work environment.

• CAP approach

  CAP return

  Valuation

  6%

  $74,916

  6.5%

  $69,153

  7%

  $64,214

• Comparable approach

  Method

  Valuation

  Relative Method

  $49,249

  Geo Method

  $46,638

• Alternative Use

  Use

  Valuation

  Residential

  $85,750

  Hospitality

  $78,547

  Educational

  $65,350

  Medical

  $67,597

  Retail

  $101,655

Location Insight

City

Cocoa Beach

County

Brevard

State

Florida

Latitude

28.3415

Longitude

-80.609

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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