Cocoa NN Retail Investment OR Owner/User 938 Dixon blvd 2,545 SF Retail Building Cocoa, FL 32922 $535,000 ($210.22/SF) 5.74% Cap Rate
INVESTMENT HIGHLIGHTS
- 32 surface parking spaces for single stand alone building
- 20 minutes estimated travel time to Kennedy Space Center
- Conveniently located in the center between State Roads 520, 528 and I-95
- Minutes away from the Historic Cocoa Village/Downtown Cocoa
- Less than 0.5 ± mile from U.S. Highway 1 (33,000 VPD)
- 3.5 years remaining on lease
EXECUTIVE SUMMARY
Welcome to 938 Dixon Blvd, a prime income-producing property located in the heart of Cocoa, Florida. This versatile property offers a unique opportunity for investors seeking a strategically positioned asset with significant potential. Boasting a generous lot dimension of 0.74 acres, this property is a valuable addition to any retail investment portfolio.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,545 SF
Building Class
C
Year Built
1988
Price
$535,000
Price Per SF
$210.22
Cap Rate
5.74%
NOI
$30,721
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.74 AC
Opportunity Zone
Yes
Zoning
CN - CN (Commercial Neighborhood) zoning district is designed to accommodate small-scale commercial establishments that serve daily needs of surroundings.
Parking
32 Spaces (12.57 Spaces per 1,000 SF Leased)
Frontage
161’ on Dixon Blvd
AMENITIES
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 24-36-29-BV-00000.0-000A.03 | Improvements Assessment | $138,500 |
| Land Assessment | $105,000 | Total Assessment | $243,500 |
