For Sale
$3,200,000

3650 Us-1Cocoa, FL 32926

24,000 SF Flex Warehouse, Vacant

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional 24,000-square-foot flex space, located at 3650 US-1 in Cocoa, Florida (32926), presents a compelling investment opportunity for owner-users or value-add investors. The property, built in 1987 and renovated in 2020, sits on a 1.7-acre lot and boasts a Class B designation. The single-story building features a blend of showroom, air-conditioned offices, and flexible space, complemented by a 6,000-square-foot warehouse addition. Ceiling heights range from 14 to 16 feet. The property is currently vacant, offering immediate occupancy. Its strategic location provides direct frontage on US Highway 1, with convenient access to major transportation arteries like State Road 528 and 520, ensuring proximity to Port Canaveral, Titusville, Cocoa Village, and Orlando. The asking price is $3,200,000, translating to $133.33 per square foot. The pro-forma NOI is $288,000, projecting a 9.00% cap rate. The property is zoned BU-2 and has a Brevard County APN of 24-36-08-00-278. This is a rare opportunity to acquire a well-positioned, versatile industrial/retail property in a thriving Florida market.

Highlights

  • 24,000 SF flex space ideal for owner-users or investors.
  • Located at 3650 US-1, Cocoa, FL 32926, on a 1.7-acre lot.
  • Class B building, renovated in 2020, with showroom, offices, and 6,000 SF warehouse; 14-16' ceilings.
  • Currently vacant, offering immediate occupancy.
  • High-visibility location on US-1, near major roadways and Port Canaveral; asking price: $3,200,000 ($133.33/SF), projected 9% cap rate, $288,000 NOI.

Property Details for 3650 Us-1

Property type
Warehouses, Retail properties
Square Feet
24,000 SF
Class
B
Year Built/Renovated
1987/2020
Buildings
1
Stories
1
Lot Size (sq. ft)
74,052 SF
Units
1

Location Insight

City
Cocoa
County
Brevard
State
Florida
Latitude
28.413978295675
Longitude
-80.755039929676
3650 Us-1, Cocoa, Florida

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3650 Us-1
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