1552 W King St - Restaurant FOR SALE


Cocoa, FL 32926
$2,400,000 USD
321-514-2165
1552 W King St, Cocoa, FL for Sale
$2,400,000 USD
Restaurant - FOR SALE
1/13
null | Request Cap Rate

1552 W King St
Cocoa, FL 32926


HIGHLIGHTS

  • Highly visible frontage retail building on SR-520 (King Street) 2 entry/exit points for easy customer access, minutes from I-95 and US Highway 1.
  • Equipped for near immediate restaurant operation open, minimizing downtime and maximizing your return on investment.
  • Centrally located in Brevard County near Kennedy Space Center (KSC), Cocoa Village, Merritt Island, and major Space Coast destinations.
  • The prior occupant was an iconic family-owned BBQ restaurant in Brevard for 40 years.
  • Xtra large Commercial Kitchen area with hoods/grease trap, 2 medium walk in coolers, 1 Xtra Large Walk In
  • Loading Dock into storage adjacent to Kitchen. Newer Furniture 2022

OVERVIEW

Bring Your Vision to Florida's Space Coast with this single building retail location for retail development, restaurant, small grocery, medical with 2 entry/exit points on the frontage access for customers and large visible monument sign. . Previously a local iconic BBQ restaurant serving breakfast lunch and dinner for 40 years. Growing Space Coast area. 1.37 acres with ample parking and generous 7,286 SF of building snd patio space combined for abundant seating. Located on major thoroughfare with high traffic and easy access for clients. 2 medium walkin coolers and 1 Xtra large. 4 HVAC. Loading dock by kitchen back area. Excellent seating remodeled in 2022. Roof 2007 energy saving rated. A separate meeting, enternainment or event room. Zoned BU-2 and mixed use development ok. Call listing agent for showing. Real Estate and asset only sale.Business is closed due to death of owner. Probate complete. Sale or Lease negotiable terms. Ask for tour of area and area market white paper. Central Brevard County is Cocoa in the Heart of the Space Coast. Situated along major thoroughfare (SR-520) also known as King St that is 2.5 miles from I-95 and 1.5 miles to US Highway 1 and the only larger sit down restaurant on this stretch capturing that clientele that desire service infrastructure. High density residential development in process near by and new luxury apartment complex. Travelers and locals alike location. Close to Kennedy Space Center and minutes from Cocoa Village, Merritt Island, Cocoa Beach, Melbourne, Viera and Titusville. 45 minutes from Orlando Airport and 30 minutes to Melbourne Airport.Approximately 1 hour to Disney parks. Increasing residential development in the area to support this tech corridor of Florida. Owner will cooperate with new owner business strategy and open to owner financing to support launch or expansion plans. Buyer due diligence required.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$329 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Space Coast Prime Frontage Retail Sale/Lease

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. ChristensenKW Commercial / KW Space CoastMore Info
321-514-2165

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Tina M. ChristensenKW Commercial / KW Space CoastMore Info
321-514-2165

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