2902 S Atlantic Avenue, Cocoa Beach, FL 32931
$975,000
Property Type:
Commercial Sale
Square Footage:
6,004
Lot Size (sq. ft.):
20,038
Status:
Closed
Current Price:
$975,000
List Date:
3/03/2016
Last Modified:
11/01/2024
Description
A HIDDEN TREASURE! This income producing property sets on .46 acres with over 100 ft Direct Banana River frontage. Two docks, boat lift and seawall. 14 Units total; 2 direct river, 1 partial view from balcony, the remaining 11 have no water view. Office, laundry and storage are all separate rooms/ areas. All so close to the Ocean! Currently operated as the Dolphin Inn, this is a turn key business. Potential for even more income!! All units nicely done, 13 or the 14 have remodeled bathrooms. Guest can enjoy BBQ grills, fishing & Kayaking. 2 Covered decks to enjoy the beautiful sunsets, dolphins and manatees. Many possibilities for this property Long term/ short term rentals or re development potential. Close to restaurants and PAFB. More details available upon request.
More Information MLS# 748198
Location, Tax, and Legal
Tax Account: 2520409
Parcel Number: 25-37-26-50-0000g.0-0009.00
General County Location: South
Tax Annual Amount: 8818.56
Tax Year: 2015
Tax Legal Description: CRESCENT BEACH LOTS 9 TO 12 & CLOSED ST ON W BLK G
Directions: A1A South to just past 29TH Street. Across from Taco City.
General Property Information
Number Of Units Total: 14
Stories Total: 2
Building Area Total: 6004
Lot Size Acres: 0.46
Association YN: No
Property Use: C-GARDEN APARTMENTS - 1 STORY - 10 TO 49 UNITS (0351)
Water Body Access YN: No
Waterfront YN: Yes
Water Body Name: Banana River
Use Code: 03 / MULTI-FAMILY 10 OR MORE
List Price/SqFt: 199.87
Sold Price/SqFt: 162.39
Year Built: 1956
Remarks and Miscellaneous
Public Remarks: A HIDDEN TREASURE! This income producing property sets on .46 acres with over 100 ft Direct Banana River frontage. Two docks, boat lift and seawall. 14 Units total; 2 direct river, 1 partial view from balcony, the remaining 11 have no water view. Office, laundry and storage are all separate rooms/ areas. All so close to the Ocean! Currently operated as the Dolphin Inn, this is a turn key business. Potential for even more income!! All units nicely done, 13 or the 14 have remodeled bathrooms. Guest can enjoy BBQ grills, fishing & Kayaking. 2 Covered decks to enjoy the beautiful sunsets, dolphins and manatees. Many possibilities for this property Long term/ short term rentals or re development potential. Close to restaurants and PAFB. More details available upon request.
Cooling
Wall/Window Unit(s): 1
Current Use
Commercial: 1
Flooring
Tile: 1
Heating
Other: 1
Listing Terms
Cash: 1
Conventional: 1
Possession
Close Of Escrow: 1
Income and Expenses
Gross Scheduled Income: 191266
Roof
Composition: 1
Security Features
Closed Circuit Camera(s): 1
Smoke Detector(s): 1
Special Listing Conditions
County Jurisdiction: 1
Water Source
Public: 1
Waterfront Features
River Front: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Building Features
Clear Ceiling Height: 6424
Laundry: 1
Separate Office Area: 1
Storage: 1
Location
Beach Area: 1
City: 1
County: 1
Sale Includes
Building & Land: 1
Contingency Reason
Other: 1
Contract Information
Current Price: $975,000
Original List Price: 1300000
Sold Price: $975,000
Status: Closed
Listing Contract Date: 2015-11-30
Property Sub Type: Business
Location Tax and Legal
Street Number: 2902
Street Direction Prefix: S
Street Name: Atlantic
Street Suffix: Avenue
County: Brevard
State: FL
Postal Code: 32931
MLS Area Major: 272 - Cocoa Beach
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2023-11-11T09:27:37Z
Major Change Type: Price Reduced
Price Change Timestamp: 2016-04-24T23:19:19Z
Status Change Timestamp: 2016-07-05
Contingency: Active Under Contract
Purchase Contract Date: 2016-05-25
Close Date: 2016-07-01
Close Price: 975000
Property Features
Building Features: Laundry; Separate Office Area; Storage
Cooling: Wall/Window Unit(s)
Current Use: Commercial
Flooring: Tile
Heating: Other
Listing Terms: Cash; Conventional
Location: Beach Area; County
Possession: Close Of Escrow
Roof: Composition
Sale Includes: Building & Land
Security Features: Closed Circuit Camera(s); Smoke Detector(s)
Showing Requirements: Appointment Only; Call Listing Agent
Special Listing Conditions: County Jurisdiction
Water Source: Public
Waterfront Features: River Front
Contingency Reason: Other
Listing Office:
Dur-Rich Realty Inc
Last Updated: November - 01 - 2024
Information is deemed to be reliable, but is not guaranteed.