3590 S Atlantic Ave - Hospitality FOR SALE


Cocoa Beach, FL 32931- Coastal Brevard
$4,999,000 USD
321-209-0593
3590 S Atlantic Ave, Cocoa Beach, FL for Sale
$4,999,000 USD
Hospitality - FOR SALE
1/10
null | Request Cap Rate

3590 S Atlantic Ave
Cocoa Beach, FL 32931
Coastal Brevard


HIGHLIGHTS

  • Proven Short Term Rental Income
  • Cocoa Beach Market Demand - rising property values & hight tourist interest.
  • Direct access to both Banana River & Atlantic Ocean

OVERVIEW

Turnkey Riverfront Vacation Rental Investment in Cocoa Beach 3590-3598 S. Atlantic Avenue, Cocoa Beach FL 32931 - Ready for immediate income generation. Rare investment opportunity in the heart of Cocoa Beach. This fully renovated, 10-unit riverfront vacation rental property offers unparalleled access to both the Banana River and the Atlantic Ocean. Prime Location & Exceptional Features Include: 100 feet of private waterfront frontage, directly across the street from beach access, on-site amenities (private sandy beach, boat ramp, dock, kayak launch & spacious patio), ample parking, exposure to daily traffic count of 18k+ vehicles. Turnkey Investment Highlights include: Proven Short-Term Rental Income with strong demand. Appraised higher than ask price using direct capitalization. The area continues to experience rising property values and high tourist interest. While expansion is limited under current zoning(RU-2-15), the property remains grandfathered in for short term rentals. Alternative options include rezoning for higher density such as (RU-2-20) or conversion into multi family residential or professional office space, subject to county approval. This one-of-a-kind riverfront vacation rental offers stable income potential, unmatched location benefits, and long-term value appreciation. For inquiries and to schedule a private tour, contact us today.

FOR SALE DETAILS

PRICE

$4,999,000 USD

PRICE/SF

$660 USD /SF

# OF ROOMS

10

PRICE/ROOM

$499,900 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Banana River Resort

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1954

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,799 SF

ZONING

RU215

APN/PARCEL ID

25-37-35-25-00003.0-0001.00

ASK ABOUT THIS PROPERTY

Valerie AndersonRuth James FLMore Info
321-209-0593

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Valerie AndersonRuth James FLMore Info
321-209-0593

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