1 S Orlando Avenue, Cocoa Beach, FL 32931

$1,285,000

Property Type: Commercial Sale Square Footage: 5,341 Lot Size (sq. ft.): 9,148 Status: Closed

Current Price: $1,285,000 List Date: 5/11/2021 Last Modified: 11/02/2024

Overview

Description

Prime downtown Cocoa Beach location at intersection of A1A South & Minutemen. Next door to the new PARKING GARAGE & across from the newly renovated City Hall. One block from public beach access. Tremendous amount of foot traffic with Coconut's oceanfront restaurant & downtown Cocoa Beach's dining, shopping & entertaining. Building also serves residential housing down Minutemen, 1 hour to Orlando Intl Airport, minutes to Port Canaveral & Patrick AFB. Additional PARKING SPACES in front of building, as well as on street parallel parking. Maximum exposure with Cocoa Beach's Friday Fest, Annual Art Festival, Surfing Santa's, etc. Great tenants with strong leases in place.

Listing Details MLS# 904689

General Property Information

Number Of Units Total: 3
Stories Total: Yes
Building Area Total: 5341
Year Built: 1958
Lot Size Acres: 0.21
Property Use: C-OFFICE BUILDING - MULTI TENANT - 1 STORY (1710)
Use Code: 17 / OFFICE, ONE STORY
Association YN: No
Water Body Access YN: No
Waterfront YN: No
List Price/SqFt: 262.12
Sold Price/SqFt: 240.59

Property Features

Building Features: Kitchen Facilities; Lounge; Meeting Room; Office; Private Restroom; Reception Area; Restaurant; Separate Office Area; Storage Ceiling Type: Acoustic; Insulated Construction Materials: Concrete; Stucco Cooling: Central Building; Electric Current Use: Commercial Flooring: Carpet; Tile Heating: Central; Electric Listing Terms: Cash; Conventional; Lease Option Location: Beach Area; Central Business District Possession: Close Of Escrow; Subject To Tenant Rights Roof: Tar/Gravel Sale Includes: Building & Land Security Features: Smoke Detector(s) Showing Requirements: Call Listing Agent Special Listing Conditions: City Jurisdiction; Presently Leased Utilities: Cable Available; Water Available Water Source: Public

Contract Information

Original List Price: 1400000
Listing Contract Date: 2021-05-05
Property Sub Type: Business

Location Tax and Legal

Street Number: Yes
Street Direction Prefix: S
Street Name: Orlando
Street Suffix: Avenue
County: Brevard
State: FL
Postal Code: 32931
MLS Area Major: 272 - Cocoa Beach

Remarks and Miscellaneous

Public Remarks: Prime downtown Cocoa Beach location at intersection of A1A South & Minutemen. Next door to the new PARKING GARAGE & across from the newly renovated City Hall. One block from public beach access. Tremendous amount of foot traffic with Coconut's oceanfront restaurant & downtown Cocoa Beach's dining, shopping & entertaining. Building also serves residential housing down Minutemen, 1 hour to Orlando Intl Airport, minutes to Port Canaveral & Patrick AFB. Additional PARKING SPACES in front of building, as well as on street parallel parking. Maximum exposure with Cocoa Beach's Friday Fest, Annual Art Festival, Surfing Santa's, etc. Great tenants with strong leases in place.

Status Change Information

Major Change Timestamp: 2021-08-02T20:26:08Z
Major Change Type: Status Change
Status Change Timestamp: 2021-08-02
Purchase Contract Date: 2021-05-25
Close Date: 2021-07-30
Close Price: 1285000

More Information

Building Features

% Air Conditioned or Heated: 100
Clear Ceiling Height: 5341
Kitchen Facilities: Yes
Lounge: Yes
Meeting Room: Yes
Office: Yes
Private Restroom: Yes
Reception Area: Yes
Restaurant: Yes
Separate Office Area: Yes
Storage: Yes

Income and Expenses

Insurance Expense: 5600
New Taxes Expense: 9772.78

Location, Tax, and Legal

Tax Account: 2518008
Parcel Number: 25-37-14-Dd-00032.0-0010.00
General County Location: Central
Tax Annual Amount: 10180
Tax Year: 2020
Tax Legal Description: COCOA BEACH LOTS 10 THRU 12 BLK 32
Directions: Minutemen & S A1A. Use street parallel parking or spaces in front of building.

Construction Materials

Concrete: Yes
Stucco: Yes

Cooling

Central Building: Yes
Electric: Yes

Current Use

Commercial: Yes

Flooring

Carpet: Yes
Tile: Yes

Heating

Central: Yes
Electric: Yes

Listing Terms

Cash: Yes
Conventional: Yes
Lease Option: Yes

Possession

Close Of Escrow: Yes
Subject To Tenant Rights: Yes

Roof

Tar/Gravel: Yes

Security Features

Smoke Detector(s): Yes

Special Listing Conditions

City Jurisdiction: Yes
Presently Leased: Yes

Utilities

Cable Available: Yes
Water Available: Yes

Water Source

Public: Yes

Showing Requirements

Call Listing Agent: Yes

Ceiling Type

Acoustic: Yes
Insulated: Yes

Location

Beach Area: Yes
Central Business District: Yes
City: Yes

Sale Includes

Building & Land: Yes

Listing Office: Blue Marlin Real Estate

Last Updated: November - 02 - 2024

Information is deemed to be reliable, but is not guaranteed.