$310,000
Cocoa, FL 32922
MLS# 761214
Status: Closed
9450 sqft
1 / 6
Property Description
Investment property with excellent ROI/RR. Divided into nine 1,000 Square Foot Warehouse/shop/Multi-use Units and a 360 Square Foot office unit. Currently rented at $500/month per 1000 Square Foot unit and office at @200/month for an annual income of $56,400. Good Location between RT 520 (King St) and RT 501 (Clearlake Rd) FULLY OCCUPIED! Cap Rate 12%+. Good visibility with 6,000 vehicles per day traffic count.
Details
Maps
Location, Tax, and Legal
Tax Account: 2424125
Parcel Number: 24-36-32-00-00264.0-0000.00
General County Location: Central
Tax Annual Amount: 5302
Tax Year: 2015
Tax Legal Description: PART OF NW 1/4 AS DESC IN DB 308 PG 350, DB 321 PG 230 EXC DB 376 PG 214, ORB 486 PG 374, 1999 PB 338, 2317 PG 1902 PAR
Directions: Interstate 95 to Cocoa Rt 520 exit. Proceed 2.5 miles on Rt 520 east to L @ CLEARLAKE RD.,.3 MILES, R @ LAKE DRIVE. Property located .1 mile on right.
General Property Information
Number Of Units Total: 2
Stories Total: 1
Building Area Total: 9450
Lot Size Acres: 1.1
Association YN: No
Property Use: C-GARAGE / AUTO-BODY / AUTO PAINT SHOP (2710)
Water Body Access YN: No
Waterfront YN: No
Use Code: 27 / AUTO SALES, REPAIR, ETC
List Price/SqFt: 33.86
Sold Price/SqFt: 32.8
Year Built: 1978
Remarks and Miscellaneous
Public Remarks: Investment property with excellent ROI/RR. Divided into nine 1,000 Square Foot Warehouse/shop/Multi-use Units and a 360 Square Foot office unit. Currently rented at $500/month per 1000 Square Foot unit and office at @200/month for an annual income of $56,400. Good Location between RT 520 (King St) and RT 501 (Clearlake Rd) FULLY OCCUPIED! Cap Rate 12%+. Good visibility with 6,000 vehicles per day traffic count.
Construction Materials
Concrete: 1
Cooling
Wall/Window Unit(s): 1
Current Use
Commercial: 1
Electric
100 Amp Service: 1
150 Amp Service: 1
200+ Amp Service: 1
220 Volts: 1
Flooring
Carpet: 1
Heating
None: 1
Listing Terms
Cash: 1
Conventional: 1
Lease Option: 1
Lot Features
Other: 1
Possession
Close Of Escrow: 1
Income and Expenses
Gross Income: 500
Gross Scheduled Income: 55300
Insurance Expense: 2190
New Taxes Expense: 5300
Other Expense: 250
Supplies Expense: 200
Trash Expense: 1050
Roof
Metal: 1
Steel Joist: 1
Security Features
Closed Circuit Camera(s): 1
Security Fence: 1
Security Gate: 1
Security Lights: 1
Sewer
Septic Tank: 1
Special Listing Conditions
County Jurisdiction: 1
Owner Licensed RE: 1
Presently Leased: 1
Use Conforms to Zone: 1
Utilities
Cable Available: 1
Other: 1
Water Source
Public: 1
Showing Requirements
Call Owner: 1
Building Features
% Air Conditioned or Heated: 15
Clear Ceiling Height: 13
Clear Span: 1
Office: 1
Outside Storage: 1
Overhead Doors: 1
Private Restroom: 1
Public Restroom: 1
Rear Access: 1
Separate Office Area: 1
Ceiling Type
Insulated: 1
Existing Lease Type
Gross: 1
Location
County: 1
Showing Considerations
Occupied: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 3: Proforma-Vacancy Rate: 1100, Proforma-Inc/Exp Stmnt Period: 44470, Proforma-Gross Sched Income: 56400, Expenses-Utilities: 1400, Expenses-Maint & Repair: 600, Expenses-Advertising: 340, Utilities-3-Phase Electric: Y
Contract Information
Current Price: $310,000
Original List Price: 340000
Sold Price: $310,000
Status: Closed
Listing Contract Date: 2016-08-03
Property Sub Type: Business
Location Tax and Legal
Street Number: 1503
Street Direction Prefix: E
Street Name: Lake
Street Suffix: Drive
County: Brevard
State: FL
Postal Code: 32922
MLS Area Major: 212 - Cocoa - West of US 1
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2023-11-11T09:27:51Z
Major Change Type: Price Reduced
Price Change Timestamp: 2017-01-16T15:55:41Z
Status Change Timestamp: 2017-08-01
Purchase Contract Date: 2017-06-01
Close Date: 2017-07-31
Close Price: 310000
Property Features
Building Features: Clear Span; Office; Outside Storage; Overhead Doors; Private Restroom; Public Restroom; Rear Access; Separate Office Area
Ceiling Type: Insulated
Construction Materials: Concrete
Cooling: Wall/Window Unit(s)
Current Use: Commercial
Electric: 100 Amp Service; 150 Amp Service; 200+ Amp Service; 220 Volts
Existing Lease Type: Gross
Flooring: Carpet
Heating: None
Listing Terms: Cash; Conventional; Lease Option
Location: County
Lot Features: Other
Possession: Close Of Escrow
Roof: Metal; Steel Joist
Sale Includes: Building & Land
Security Features: Closed Circuit Camera(s); Security Fence; Security Gate; Security Lights
Sewer: Septic Tank
Showing Considerations: Occupied
Showing Requirements: Call Owner
Special Listing Conditions: County Jurisdiction; Owner Licensed RE; Presently Leased; Use Conforms to Zone
Utilities: Cable Available; Other
Water Source: Public
Listing Office: Sand Dollar Realty Group, Inc.
Last Updated: June - 27 - 2026
Information is deemed to be reliable, but is not guaranteed.