$6,600,000
1-9 S Atlantic Avenue, 1-9 10-18 Minutemen
Cocoa Beach, FL 32931
MLS# 1006104
9 baths
1-9 S Atlantic Avenue, 1-9 10-18 Minutemen, Cocoa Beach, FL 32931
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Property Description
Commercial building with more than 8500 sq ft steps from the ocean. In addition to this prime location, there is the ability to add a second story to add an additional 6000 sq ft of usable space. This would allow for an owner/operator to have a 10000 ft bar with unparalleled location and unparalleled views, unobstructed from the intracoastal to the ocean. Take advantage of the new revitalized downtown Cocoa Beach. This would be a sale leaseback on the existing bar with a guaranteed $370,000 NOI. Possible owner financing with a qualified buyer. Building is in excellent condition with seven figures in leasehold improvements completed in2023.

Details
Maps
Contract Information
Current Price: $6,600,000
Original List Price: 6999000
List Price: $6,600,000
Status: Active
Listing Contract Date: 2024-02-26
Property Sub Type: Mixed Use
Location, Tax, and Legal
Street Number: 1-9
Street Direction Prefix: S
Street Name: Atlantic
Street Suffix: Avenue
Unit Number: 1-9 10-18 Minutemen
Tax Account: 2517759
Parcel Number: 25-37-14-Dd-00001.0-0001.01
County: Brevard
State: FL
Postal Code: 32931
MLS Area Major: 272 - Cocoa Beach
Subdivision Name: Cocoa Beach
Tax Annual Amount: 26703.8
Tax Year: 2022
Tax Legal Description: COCOA BEACH W 110 FT OF LOTS 1,2 RESUBD BLK 1
Additional Parcels YN: Yes
Additional Parcels Description: 8, 10, 12, 14, 18 Minutemen Causeway and 1, 3, 7, 8, 9 S. Atlantic Ave
Directions: South East Corner of S. Atlantic Ave and Minutemen Causeway.
General Property Information
Number Of Units Total: 6
Stories Total: 2
Bathrooms Total: 9
Building Area Total: 8500
Building Area Source: Assessor
Accessibility Features YN: Yes
Year Built: 2023
Lot Size Acres: 0.25
Land Lease YN: No
Association YN: No
Waterfront YN: No
Senior Community YN: No
List Price/SqFt: 776.47
Remarks and Miscellaneous
Public Remarks: Commercial building with more than 8500 sq ft steps from the ocean. In addition to this prime location, there is the ability to add a second story to add an additional 6000 sq ft of usable space. This would allow for an owner/operator to have a 10000 ft bar with unparalleled location and unparalleled views, unobstructed from the intracoastal to the ocean. Take advantage of the new revitalized downtown Cocoa Beach. This would be a sale leaseback on the existing bar with a guaranteed $370,000 NOI. Possible owner financing with a qualified buyer. Building is in excellent condition with seven figures in leasehold improvements completed in2023.
Status Change Information
Major Change Timestamp: 2024-03-25T13:22:04Z
Major Change Type: Price Reduced
Price Change Timestamp: 2024-03-25T13:22:04Z
Status Change Timestamp: 2024-02-27
Unit 1 Details
Unit ID: 1-Tropics
Annual Rent: 70000
Unit SqFt: 1299
# Units (This Type): 1
Baths Total: 2
Furnished: Negotiable
Unit Remarks: Owner is Leasing
Unit 2 Details
Unit ID: 9-Cat 5
Annual Rent: 100000
Unit SqFt: 2832
# Units (This Type): 1
Baths Total: 4
Furnished: Negotiable
Unit Remarks: Owner is Leasing
Unit 3 Details
Unit ID: 7-Hunker
Annual Rent: 70000
Unit SqFt: 946
# Units (This Type): 1
Baths Total: 1
Furnished: Negotiable
Unit Remarks: Owner is Leasing
Unit 4 Details
Unit ID: 8-Luna
Annual Rent: 45000
Unit SqFt: 766
# Units (This Type): 1
Baths Total: 1
Furnished: Negotiable
Unit Remarks: Owner is Leasing
Unit 5 Details
Unit ID: 18-Oceansp
Annual Rent: 60000
Unit SqFt: 954
# Units (This Type): 1
Furnished: Unfurnished
Unit Remarks: Leased
Unit 6 Details
Unit ID: 7-Upstairs
Unit SqFt: 1066
# Units (This Type): 1
Baths Total: 1
Furnished: Negotiable
Unit Remarks: Open
Property Features
Accessibility Features: Accessible Bedroom; Accessible Common Area; Accessible Entrance
Building Features: Kitchen Facilities; Lounge; Private Restroom; Public Restroom; Restaurant; Separate Office Area; Showroom; Storage
Ceiling Type: Acoustic; Exposed; Height Varies; Suspended
Construction Materials: Block
Cooling: Central Air; Multi Units
Current Use: Commercial; Mixed Use; Retail
Existing Lease Type: NNN
Flooring: Concrete; Terrazzo; Tile; Wood
Listing Terms: Cash; Lease Back; Owner May Carry
Location: Beach Area
Lot Features: Corner Lot
Parking Features: On Street; Varies by Unit; Other
Possession: Close Of Escrow
Road Frontage Type: State Road
Roof: Membrane; Shingle
Sale Includes: Building Only; Business with Lease; Business with Real Estate
Security Features: Security Lights
Sewer: Public Sewer
Showing Considerations: Occupied
Showing Requirements: 24 Hour Notice; Call Listing Agent
Special Listing Conditions: Corporate Owned; Presently Leased
Tenant Pays: All Utilities
Utilities: Cable Available; Electricity Connected; Separate Electric Meters; Sewer Connected; Water Connected
Water Source: Public

Listing Office: Coldwell Banker Realty

Last Updated: April - 29 - 2024

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

The listing broker’s offer of compensation is made only to participants of Space Coast MLS as well as Florida Realtors® MLS Advantage Participants and Particpants in the Coast2Coast datashare.

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