Cocoa Single Tenant NN Retail Site | 938 Dixon blvd
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Cocoa Single Tenant NN Retail Site 938 Dixon blvd
2,545 SF Retail Building Cocoa, FL 32922 $550,000 ($216/SF) 5.59% 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 the Space Coast! A prime stand alone 2,545 sqft income-producing retail mixed use property located in the heart of Cocoa, Florida. 938 Dixon Blvd is close to Kennedy Space Center, Historic Cocoa Village, Port Canaveral, Merritt Island, Cocoa Beach. Patrick Space Force Base and 45 min to Orlando in a growing redevelopment area with steady income. Excellent addition to investment portfolio. Convenient to retail, medical and schools along with Eastern State College and households that enjoy excellent food and close to area retail. This versatile property o?ers a unique investment opportunity of a strategically positioned asset with future potential. Boasting a generous lot dimension of 0.74 acres with 32 parking spaces that gives e?cient parking access and active excellent restaurant. Private scheduled showings only. Please do not disturb the tenant or employees.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,545 SF
Year Built
1988
Price
$550,000
Price Per SF
$216
Cap Rate
5.59%
NOI
$30,721
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.74 AC
Opportunity Zone
Yes
Zoning
CN
Parking
32 Spaces (12.57 Spaces per 1,000 SF Leased)
Amenities
- 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 |
PROPERTY TAXES
Parcel Number
24-36-29-BV-00000.0-000A.03
Land Assessment
$105,000
Improvements Assessment
$138,500
Total Assessment
$243,500
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Cocoa Single Tenant NN Retail Site | 938 Dixon blvd
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