1552 W King St - Restaurant FOR SALE


Cocoa, FL 32926
$2,980,000 USD
321-514-2165
1552 W King St, Cocoa, FL for Sale
$2,980,000 USD
Restaurant - FOR SALE
1/14
null | Request Cap Rate

1552 W King St
Cocoa, FL 32926


HIGHLIGHTS

  • High visibility frantage strategically situated on a major thoroughfare (W King St / SR-520), between I-95 and US-1 with easy access.
  • This property is equipped for an immediate restaurant operation, minimizing downtime and maximizing your return on investment.
  • Encompassing approximately 7,286 sq ft of building space on a generous 1.37-acre lot, ample space for your vision
  • Zoned BU-2. Excellent Retail site with generous parking with easy access.
  • In the heart of Space Coast, minutes to Cocoa Village, Cocoa Beach, Merritt Island, Viera and 30 minutes to Kennedy Space Center
  • Buyer responsible for due diligence. Request Showing from Listing Agent

OVERVIEW

Excellent retail, restaurant or redevelopment location. This was a previous well established breakfast and barbecue restaurant of 40 years in the heart of Space Coast in Central Florida. Easy frontage access from main thoroughfare of SR 520 and close to US1 and I-95 for convenience of customers. Bring your own vision to design, build, and develop an eatery or redevelop retail for the community on the growing Space Coast on 1.37 acres with ample parking. Generous 7,286 SF of building space with a meeting/event room and an extra large capacity kitchen with walk in coolers. On major thoroughfare with high traffic and easy access for clients with generous parking. Excellent seating and a separate meeting and event room. Newer AC. Energy efficient roof. Zoned BU-2. Real estate and building for sale. Assets negotiable - business is closed. Location is also excellent for redevelopment medical or small grocery. Bring your offer. Investors welcome. Inquire with Listing Agent for showing times and further details. With 1.37 acres of total land and usable land on both sides of the building, this offers excellent potential for future development. Whether you're considering a turn key operation of a restaurant utilizing existing onsite equipment, adding complementary retail or service units, or exploring new ventures such as medical offices or retail, the layout and zoning (BU-2) provide the flexibility to bring your vision to life. The generous lot size and strategic location make this a rare opportunity.

FOR SALE DETAILS

PRICE

$2,980,000 USD

PRICE/SF

$409 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Space Coast Prime Retail Real Estate

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Supermarket, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

84

LAND DETAILS

LAND ACRES

1.37 AC

LAND SF

59,677 SF

ZONING

BU-2

APN/PARCEL ID

24-36-31-00-00076.0-0000.00

ASK ABOUT THIS PROPERTY

Tina M. ChristensenSaunders CommercialMore Info
321-514-2165

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Tina M. ChristensenSaunders CommercialMore Info
321-514-2165

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.