70 S Atlantic Avenue S, Cocoa Beach, FL 32931

$1,350,000

Property Type: Commercial Sale Square Footage: 3,300 Lot Size (sq. ft.): 7,405 Status: Closed

Current Price: $1,350,000 List Date: 1/08/2024 Last Modified: 11/02/2024

Description

Located in the City of Cocoa Beach with 55' of direct frontage on South Atlantic Avenue (HWY A1A). This section of South Atlantic Avenue is currently reporting 16,212 cars passing daily. Less than 1 from the beach. Current tenant has a NNN Lease expiring in 2024, but has a 3 yr. extension. New National Company Tenant in 2nd Unit with a 10 year lease! OWNER FINANCING!

More Information MLS# 919641

Location, Tax, and Legal

Tax Account: 2518016 Parcel Number: 25-37-14-Dd-00032.0-0019.00 General County Location: Central Tax Annual Amount: 5533.53 Tax Year: 2021 Tax Legal Description: COCOA BEACH LOT 19 BLK 32 Directions: Located south of SR 520 on S. Atlantic Ave.

General Property Information

Number Of Units Total: 2 Stories Total: 1 Building Area Total: 3300 Lot Size Acres: 0.17 Association YN: No Property Use: C-RETAIL STORE - MULTIPLE UNITS (1110) Water Body Access YN: No Waterfront YN: No Use Code: 11 / STORES, ONE STORY List Price/SqFt: 423.94 Sold Price/SqFt: 409.09 Year Built: 1965

Remarks and Miscellaneous

Public Remarks: Located in the City of Cocoa Beach with 55' of direct frontage on South Atlantic Avenue (HWY A1A). This section of South Atlantic Avenue is currently reporting 16,212 cars passing daily. Less than 1 from the beach. Current tenant has a NNN Lease expiring in 2024, but has a 3 yr. extension. New National Company Tenant in 2nd Unit with a 10 year lease! OWNER FINANCING!

Cooling

Central Air: 1

Current Use

Commercial: 1

Flooring

Carpet: 1 Vinyl: 1

Heating

Central: 1

Listing Terms

Cash: 1 Conventional: 1 Lease Option: 1 Private Financing Available: 1

Possession

Close Of Escrow: 1

Income and Expenses

Net Operating Income: 88000

Roof

Mixed: 1

Security Features

Smoke Detector(s): 1

Special Listing Conditions

Presently Leased: 1

Water Source

Public: 1

Showing Requirements

Appointment Only: 1 Call Listing Agent: 1

Building Features

% Air Conditioned or Heated: 100 Clear Ceiling Height: 3300

Sale Includes

Building & Land: 1

Historical Information

Public Historical Remarks 3: Legal/Misc-Home Warranty: No

Non Member Info

Non-Member Brokerage: LUFT Realty Non-Member Name: Maria Amelia Kottke

Contract Information

Current Price: $1,350,000 Original List Price: 1500000 Sold Price: $1,350,000 Status: Closed Listing Contract Date: 2021-11-01 Property Sub Type: Business

Location Tax and Legal

Street Number: 70 Street Direction Prefix: S Street Name: Atlantic Street Suffix: Avenue Street Direction Suffix: S County: Brevard State: FL Postal Code: 32931 MLS Area Major: 272 - Cocoa Beach

Status Change Information

Major Change Timestamp: 2024-07-01T18:46:39Z Major Change Type: Status Change Price Change Timestamp: 2024-02-09T20:54:15Z Status Change Timestamp: 2024-07-01 Purchase Contract Date: 2024-06-20 Close Date: 2024-06-28 Close Price: 1350000

Property Features

Cooling: Central Air Current Use: Commercial Flooring: Carpet; Vinyl Heating: Central Listing Terms: Cash; Conventional; Lease Option; Private Financing Available Possession: Close Of Escrow Roof: Mixed Sale Includes: Building & Land Security Features: Smoke Detector(s) Showing Requirements: Appointment Only; Call Listing Agent Special Listing Conditions: Presently Leased Water Source: Public

Documents

Floorplan 70 ›

Listing Office: Coldwell Banker Realty

Last Updated: November - 02 - 2024

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