2902 S Atlantic Avenue, Cocoa Beach, FL 32931

$975,000

2902 S Atlantic Ave, Cocoa Beach (2) w O

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: 6/27/2026

Overview

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.

Listing Details MLS# 748198

General Property Information

Number Of Units Total: 14
Stories Total: 2
Building Area Total: 6004
Year Built: 1956
Lot Size Acres: 0.46
Property Use: C-GARDEN APARTMENTS - 1 STORY - 10 TO 49 UNITS (0351)
Use Code: 03 / MULTI-FAMILY 10 OR MORE
Association YN: No
Water Body Access YN: No
Waterfront YN: Yes
Water Body Name: Banana River
List Price/SqFt: 199.87
Sold Price/SqFt: 162.39

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

Contract Information

Original List Price: 1300000
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

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.

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

More Information

Building Features

Clear Ceiling Height: 6424

Income and Expenses

Gross Scheduled Income: 191266

Listing Office: Dur-Rich Realty Inc

Last Updated: June - 27 - 2026

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