Shopping Strip
105-111 Cleveland Ave
105 Cleveland Ave, Cocoa Beach, FL 32931
Listing Price: $1,200,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a multi-tenant retail property located just one building east of the World Famous A1A in Cocoa Beach, Florida. The Property offers a compelling owner-user or value-add investment, featuring approximately 4,400 square feet of vacant space, ideal for an owner to occupy while generating income from one in-place tenant. The vacant space benefits from two separate entry doors, providing flexibility to subdivide into multiple suites and maximize leasing potential. The property was fully renovated in 2006 and has one tenant currently occupying 2,440 Square feet.
Submarket retail rents average $19.70/SF (Source: CoStar), offering meaningful upside upon lease-up and stabilization. The Property is located directly in the path of growth along the Space Coast, with projected 15% population growth over the next five years and 8,493 residents within a one-mile radius, supported by a strong median household income of $70,162. Priced at approximately $175 per square foot, this offering provides an attractive basis in a land-constrained coastal market with limited new supply and strong long-term appreciation potential.
105-111 Cleveland Ave
Investment Highlights
- •Ideal Owner User Opportunity With 4,400 Square Foot of Vacant Space
- •Submarket Rents Average $19.70/SF (Source: Costar) Offering a Significant Opportunity for Appreciation When Fully Leased
- •Located Directly in the Path of Growth Along The Space Coast- Projected 15% Population Growth Over The Next 5 Years With Already 8,493 People on a One-mile Radius
- •Strong Median Income ($70,162) Market Supports Retail Sales and Small Business Alike
- •Priced at $175/SF This Property is Poised For Long-Term Growth Appreciation in a Market With Limited New Supply Possibility Given the Land Constraints in Cocoa Beach
Exclusively Listed By
Listing Price: $1,200,000
Investment Highlights
- •Ideal Owner User Opportunity With 4,400 Square Foot of Vacant Space
- •Submarket Rents Average $19.70/SF (Source: Costar) Offering a Significant Opportunity for Appreciation When Fully Leased
- •Located Directly in the Path of Growth Along The Space Coast- Projected 15% Population Growth Over The Next 5 Years With Already 8,493 People on a One-mile Radius
- •Strong Median Income ($70,162) Market Supports Retail Sales and Small Business Alike
- •Priced at $175/SF This Property is Poised For Long-Term Growth Appreciation in a Market With Limited New Supply Possibility Given the Land Constraints in Cocoa Beach
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a multi-tenant retail property located just one building east of the World Famous A1A in Cocoa Beach, Florida. The Property offers a compelling owner-user or value-add investment, featuring approximately 4,400 square feet of vacant space, ideal for an owner to occupy while generating income from one in-place tenant. The vacant space benefits from two separate entry doors, providing flexibility to subdivide into multiple suites and maximize leasing potential. The property was fully renovated in 2006 and has one tenant currently occupying 2,440 Square feet. Submarket retail rents average $19.70/SF (Source: CoStar), offering meaningful upside upon lease-up and stabilization. The Property is located directly in the path of growth along the Space Coast, with projected 15% population growth over the next five years and 8,493 residents within a one-mile radius, supported by a strong median household income of $70,162. Priced at approximately $175 per square foot, this offering provides an attractive basis in a land-constrained coastal market with limited new supply and strong long-term appreciation potential.
Exclusively Listed By
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