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

Overview

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!

Listing Details MLS# 919641

General Property Information

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

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

Contract Information

Original List Price: 1500000
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

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!

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

More Information

Building Features

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

Income and Expenses

Net Operating Income: 88000

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

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.

Cooling

Central Air: Yes

Current Use

Commercial: Yes

Flooring

Carpet: Yes
Vinyl: Yes

Heating

Central: Yes

Listing Terms

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

Possession

Close Of Escrow: Yes

Roof

Mixed: Yes

Security Features

Smoke Detector(s): Yes

Special Listing Conditions

Presently Leased: Yes

Water Source

Public: Yes

Showing Requirements

Appointment Only: Yes
Call Listing Agent: Yes

Sale Includes

Building & Land: Yes

Documents

Floorplan 70 ›

Listing Office: Coldwell Banker Realty

Last Updated: November - 02 - 2024

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