Secure a prime riverfront commercial asset located at the State Road 520 gateway into Cocoa Beach, offering exceptional visibility, access, and long-term upside. Two parcels totaling 1.54 acres are included, spanning approximately 500 feet of frontage along the Banana River. 400-408 W Cocoa Beach Causeway encompasses a commercial building with an operating restaurant and a full-service marina with 30 slips, three equipped with lifts, supported by water and electric towers, and multiple pump-out stations.
The Island Time Marina and Restaurant is fully operational and includes a 4COP liquor license and existing inventory. Multiple income streams are supported through leased commercial space, restaurant operations, marina revenue, and future redevelopment potential. The property carries Gateway (GW) zoning within the City of Cocoa Beach, and its future land-use designation supports redevelopment.
An additional 0.49-acre waterfront parcel is included with frontage along West End Road and rear exposure to the Banana River Lagoon. Gateway zoning and favorable development setbacks provide flexibility for residential or mixed-use concepts, subject to final approvals. Strong connectivity to the Cocoa Beach Causeway and nearby marina, dining, and entertainment uses enhances redevelopment appeal.
Significant capital improvements have been completed over the past eight years, including a metal roof replacement, updated sewer lines, a code-compliant fire sprinkler system, HVAC upgrades, and marina deck improvements. River access is secured through a 10-year river rights lease with the State of Florida, effective in 2023. A nearby parking area is currently leased from a neighboring owner, who has expressed interest in selling the parcel, presenting a potential expansion opportunity.
Area momentum continues with planned City beautification along the State Road 520 corridor and a 221-unit mixed-use development, The Drift, planned directly across the street. Immediate income combined with redevelopment flexibility positions the property as a compelling long-term investment in one of Cocoa Beach's most visible waterfront locations.