400-408 W Cocoa Beach Cswy - Restaurant FOR SALE


Cocoa Beach, FL 32931- Coastal Brevard
$4,999,000 USD
321-335-0664
400-408 W Cocoa Beach Cswy, Cocoa Beach, FL for Sale
$4,999,000 USD
Restaurant - FOR SALE
1/40
null | Request Cap Rate

400-408 W Cocoa Beach Cswy
Cocoa Beach, FL 32931
Coastal Brevard


HIGHLIGHTS

  • Two Gateway-zoned commercial parcels total 1.54 acres and offer approximately 500 feet of Banana frontage at the entry to Cocoa Beach.
  • Fully operational waterfront restaurant includes a 4COP liquor license, existing inventory, and a well-maintained commercial building.
  • On-site marina provides 30 boat slips, including three slips with lifts, along with water and electric service and pump-out stations throughout.
  • service and pump-out stations throughout. Multiple income streams are supported through leased commercial space, restaurant operations, marina revenue
  • An additional half-acre waterfront parcel allows flexibility for residential or mixed-use redevelopment, subject to City permitting and approvals.
  • Long-term growth is supported by planned State Road 520 corridor beautification and a 221-unit mixed-use development directly across the street.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,999,000 USD

PRICE/SF

$881 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

61

LAND DETAILS

LAND ACRES

1.55 AC

LAND SF

67,518 SF

ZONING

GW

APN/PARCEL ID

24-37-34-CI-00046.0-0011.00,24-37-34-CI-00046.0-0012.75

ASK ABOUT THIS PROPERTY

Olivia CapizziKeller Williams Space Coast RealtyMore Info
321-335-0664

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Olivia CapizziKeller Williams Space Coast RealtyMore Info
321-335-0664

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