63 Orlando AveCocoa Beach, FL 32931

Property Details for 63 Orlando Ave

Year built

1958

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.11 AC

Property size (Sq ft)

2,428 SF

Property type

Retail properties

Property subtype

Retail space

APN

25-37-11-DB-00100.0-0024.05

APU

253711DB001000002405

Description

This exceptional Cocoa Beach commercial property, located at 63 N Orlando Avenue, presents a unique investment opportunity. Priced at $999,999, this single-story, 1958-built building boasts a generous 4,791.6 square feet lot. The property comprises two distinct units, totaling nearly 2500 square feet of versatile space, currently occupied by established businesses. This allows for flexibility; operate both units as one expansive space, or lease them individually, catering to diverse business needs. Situated on high-traffic Orlando Avenue, just one block from the ocean, this location offers unparalleled visibility and excellent foot traffic. The property benefits from its prime position within a thriving commercial corridor, surrounded by complementary businesses, restaurants, and popular local attractions, creating a vibrant and attractive environment for potential tenants. The wellness-focused nature of the current tenants (a Kombucha bar and a light therapy business) adds to the property's appeal. This property is ideal for investors seeking a strong return in a desirable coastal location. The existing tenants provide immediate income potential, while the flexible layout and prime location offer significant long-term growth opportunities. Don't miss this chance to acquire a thriving commercial property in the heart of Cocoa Beach, Florida, zip code 32931.

• CAP approach

  CAP return

  Valuation

  6%

  $927,351

  6.5%

  $856,016

  7%

  $794,872

• Comparable approach

  Method

  Valuation

  Relative Method

  $996,283

  Geo Method

  $960,798

• Alternative Use

  Use

  Valuation

  Residential

  $722,081

  Hospitality

  $661,423

  Educational

  $550,296

  Medical

  $569,222

  Retail

  $856,016

Location Insight

City

Cocoa Beach

County

Brevard

State

Florida

Latitude

28.3196

Longitude

-80.6097

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].